Shares of Watts Water Technologies Inc. (NYSE:WTS) reached a new 52-week high during trading on Monday . The stock traded as high as $61.07 and last traded at $60.81, with a volume of 28,994 shares changing hands. The stock had previously closed at $59.94.

A number of analysts have issued reports on the company. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Watts Water Technologies in a research report on Thursday, May 5th. BB&T Corp. raised Watts Water Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $54.58 to $64.00 in a research report on Friday, May 6th. Robert W. Baird reissued a “hold” rating on shares of Watts Water Technologies in a research report on Sunday, May 8th. Wedbush boosted their target price on Watts Water Technologies from $57.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, May 9th. Finally, Zacks Investment Research raised Watts Water Technologies from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Tuesday, May 17th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Watts Water Technologies currently has a consensus rating of “Hold” and an average target price of $59.80.

The firm has a 50 day moving average price of $57.77 and a 200-day moving average price of $53.64. The company’s market cap is $2.09 billion.

Watts Water Technologies (NYSE:WTS) last announced its earnings results on Wednesday, May 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. During the same quarter last year, the business posted $0.45 EPS. The firm had revenue of $344.20 million for the quarter, compared to analyst estimates of $336.97 million. The firm’s revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts forecast that Watts Water Technologies Inc. will post $2.60 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were given a dividend of $0.18 per share. This is a positive change from Watts Water Technologies’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.20%.

In other Watts Water Technologies news, insider Elie Melhem sold 1,238 shares of Watts Water Technologies stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $55.91, for a total value of $69,216.58. Following the transaction, the insider now owns 25,373 shares in the company, valued at approximately $1,418,604.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Kenneth Robert Lepage sold 14,406 shares of Watts Water Technologies stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $60.00, for a total transaction of $864,360.00. Following the completion of the transaction, the general counsel now owns 65,976 shares in the company, valued at approximately $3,958,560. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the stock. Nationwide Fund Advisors raised its position in shares of Watts Water Technologies by 0.9% in the fourth quarter. Nationwide Fund Advisors now owns 22,298 shares of the company’s stock worth $1,108,000 after buying an additional 190 shares during the period. California State Teachers Retirement System raised its position in shares of Watts Water Technologies by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 52,249 shares of the company’s stock worth $2,595,000 after buying an additional 800 shares during the period. Rhumbline Advisers raised its position in shares of Watts Water Technologies by 4.1% in the fourth quarter. Rhumbline Advisers now owns 49,117 shares of the company’s stock worth $2,440,000 after buying an additional 1,940 shares during the period. California Public Employees Retirement System raised its position in shares of Watts Water Technologies by 2.0% in the fourth quarter. California Public Employees Retirement System now owns 91,200 shares of the company’s stock worth $4,530,000 after buying an additional 1,800 shares during the period. Finally, State of Wisconsin Investment Board raised its position in shares of Watts Water Technologies by 8.0% in the fourth quarter. State of Wisconsin Investment Board now owns 152,353 shares of the company’s stock worth $7,567,000 after buying an additional 11,266 shares during the period.

Watts Water Technologies, Inc (Watts) is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.

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