New Jersey Better Educational Savings Trust held its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,000 shares of the technology company’s stock at the end of the second quarter. New Jersey Better Educational Savings Trust’s holdings in Watts Water Technologies were worth $506,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WTS. AQR Capital Management LLC raised its stake in shares of Watts Water Technologies by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 7,500 shares of the technology company’s stock worth $489,000 after buying an additional 19 shares during the last quarter. Norges Bank acquired a new stake in shares of Watts Water Technologies during the fourth quarter worth $12,800,000. Teachers Advisors LLC raised its stake in shares of Watts Water Technologies by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 45,946 shares of the technology company’s stock worth $2,996,000 after buying an additional 1,823 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Watts Water Technologies by 8.8% in the first quarter. Bank of Montreal Can now owns 2,223 shares of the technology company’s stock worth $138,000 after buying an additional 180 shares during the last quarter. Finally, Daiwa SB Investments Ltd. raised its stake in shares of Watts Water Technologies by 5.1% in the first quarter. Daiwa SB Investments Ltd. now owns 9,985 shares of the technology company’s stock worth $623,000 after buying an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 77.97% of the company’s stock.

Shares of Watts Water Technologies, Inc. (NYSE WTS) opened at 65.15 on Thursday. The company’s 50-day moving average is $63.62 and its 200-day moving average is $63.06. Watts Water Technologies, Inc. has a 12-month low of $58.35 and a 12-month high of $71.05. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 25.45 and a beta of 1.07.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. The company had revenue of $378.50 million during the quarter, compared to analyst estimates of $379.51 million. Watts Water Technologies had a net margin of 6.27% and a return on equity of 12.84%. Watts Water Technologies’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 earnings per share. Analysts predict that Watts Water Technologies, Inc. will post $2.98 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, August 30th. Watts Water Technologies’s payout ratio is 29.69%.

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A number of equities research analysts have recently weighed in on WTS shares. Zacks Investment Research upgraded shares of Watts Water Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Watts Water Technologies in a report on Thursday, May 4th. Finally, BidaskClub upgraded shares of Watts Water Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $64.50.

In other Watts Water Technologies news, insider Elie Melhem sold 1,281 shares of Watts Water Technologies stock in a transaction on Friday, June 9th. The shares were sold at an average price of $64.42, for a total transaction of $82,522.02. Following the completion of the transaction, the insider now directly owns 29,493 shares of the company’s stock, valued at $1,899,939.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.

About Watts Water Technologies

Watts Water Technologies, Inc 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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Institutional Ownership by Quarter for Watts Water Technologies (NYSE:WTS)

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