Aperio Group LLC decreased its position in Watts Water Technologies, Inc. (NYSE:WTS) by 2.9% during the second quarter, Holdings Channel reports. The firm owned 23,842 shares of the technology company’s stock after selling 701 shares during the period. Aperio Group LLC’s holdings in Watts Water Technologies were worth $1,507,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Watts Water Technologies by 14,402.8% in the first quarter. BlackRock Inc. now owns 3,566,232 shares of the technology company’s stock worth $222,353,000 after buying an additional 3,541,642 shares during the period. Vanguard Group Inc. raised its position in shares of Watts Water Technologies by 8.6% in the first quarter. Vanguard Group Inc. now owns 2,590,860 shares of the technology company’s stock worth $161,541,000 after buying an additional 205,883 shares during the period. Impax Asset Management LTD raised its position in shares of Watts Water Technologies by 28.2% in the first quarter. Impax Asset Management LTD now owns 2,018,429 shares of the technology company’s stock worth $125,846,000 after buying an additional 444,528 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Watts Water Technologies by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 923,897 shares of the technology company’s stock worth $57,605,000 after buying an additional 20,976 shares during the period. Finally, State Street Corp raised its position in shares of Watts Water Technologies by 9.1% in the first quarter. State Street Corp now owns 654,752 shares of the technology company’s stock worth $40,818,000 after buying an additional 54,740 shares during the period. Institutional investors own 77.97% of the company’s stock.

Shares of Watts Water Technologies, Inc. (WTS) traded down 0.23% on Friday, reaching $63.90. The company’s stock had a trading volume of 139,845 shares. The stock has a 50-day moving average of $63.80 and a 200 day moving average of $63.07. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 24.96 and a beta of 1.07. Watts Water Technologies, Inc. has a 52 week low of $58.35 and a 52 week high of $71.05.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.04. The firm had revenue of $378.50 million for the quarter, compared to analyst estimates of $379.51 million. Watts Water Technologies had a return on equity of 12.84% and a net margin of 6.27%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. On average, analysts expect 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 given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.76 dividend on an annualized basis and a yield of 1.19%. Watts Water Technologies’s payout ratio is 29.69%.

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A number of research analysts have issued reports on WTS shares. BidaskClub lowered Watts Water Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Watts Water Technologies in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.50.

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

Watts Water Technologies Company Profile

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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