Watts Water Technologies Inc. (NYSE:WTS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $63.63 and last traded at $63.56, with a volume of 64,677 shares changing hands. The stock had previously closed at $62.64.

Several equities research analysts have recently issued reports on WTS shares. BB&T Corp. upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $54.58 to $64.00 in a report on Friday, May 6th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Watts Water Technologies in a report on Thursday, May 5th. Northcoast Research started coverage on Watts Water Technologies in a report on Friday, July 8th. They set a “neutral” rating for the company. TheStreet upgraded Watts Water Technologies from a “hold” rating to a “buy” rating in a report on Thursday, June 16th. Finally, Zacks Investment Research lowered Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Monday, May 23rd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $59.80.

The firm’s market capitalization is $2.23 billion. The company has a 50-day moving average price of $60.56 and a 200 day moving average price of $55.92.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.05. The firm had revenue of $371.10 million for the quarter, compared to the consensus estimate of $367.14 million. Watts Water Technologies’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the company posted $0.69 earnings per share. Equities research analysts anticipate that Watts Water Technologies Inc. will post $2.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 31st.

In other Watts Water Technologies news, General Counsel Kenneth Robert Lepage sold 10,000 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $58.00, for a total transaction of $580,000.00. Following the completion of the transaction, the general counsel now directly owns 61,570 shares of the company’s stock, valued at $3,571,060. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph T. Noonan sold 3,922 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $57.45, for a total value of $225,318.90. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $287,250. The disclosure for this sale can be found here.

A number of institutional investors have 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 valued at $1,108,000 after buying an additional 190 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 valued at $4,530,000 after buying an additional 1,800 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 valued at $2,440,000 after buying an additional 1,940 shares during the period. Principal Financial Group Inc. raised its position in shares of Watts Water Technologies by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 185,178 shares of the company’s stock valued at $9,198,000 after buying an additional 3,638 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Watts Water Technologies by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,203,781 shares of the company’s stock valued at $59,792,000 after buying an additional 10,159 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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