Watts Water Technologies Inc. (NYSE:WTS) shares reached a new 52-week high during trading on Monday . The company 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.

WTS has been the subject of a number of recent analyst reports. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Watts Water Technologies in a research report on Thursday, May 5th. BB&T Corp. upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $54.58 to $64.00 in a research report on Friday, May 6th. Robert W. Baird restated a “hold” rating on shares of Watts Water Technologies in a research report on Sunday, May 8th. Wedbush boosted their price target on shares of 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 upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Tuesday, May 17th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Watts Water Technologies has a consensus rating of “Hold” and an average price target of $59.80.

The firm has a 50 day moving average of $58.12 and a 200-day moving average of $53.82. The firm’s market capitalization is $2.14 billion.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.08. During the same quarter in the previous year, the business posted $0.45 earnings per share. The business earned $344.20 million during the quarter, compared to the consensus estimate of $336.97 million. The firm’s revenue was down 3.4% on a year-over-year basis. On average, analysts anticipate that Watts Water Technologies Inc. will post $2.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a $0.18 dividend. The ex-dividend date was Tuesday, May 31st. This represents a $0.72 annualized dividend and a yield of 1.15%. This is a boost from Watts Water Technologies’s previous quarterly dividend of $0.17.

In other news, General Counsel Kenneth Robert Lepage sold 594 shares of the stock in a transaction on Monday, June 20th. The shares were sold at an average price of $60.00, for a total value of $35,640.00. Following the completion of the sale, the general counsel now directly owns 52,164 shares of the company’s stock, valued at $3,129,840. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Timothy P. Horne sold 25,000 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $57.14, for a total transaction of $1,428,500.00. Following the completion of the sale, the insider now directly owns 25,000 shares of the company’s stock, valued at $1,428,500. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors boosted its stake 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. Bank of Montreal Can boosted its stake in shares of Watts Water Technologies by 585.9% in the fourth quarter. Bank of Montreal Can now owns 35,250 shares of the company’s stock worth $1,751,000 after buying an additional 30,111 shares during the period. Rhumbline Advisers boosted its stake 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 State Teachers Retirement System boosted its stake 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. Finally, California Public Employees Retirement System boosted its stake 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.

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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