Legal & General Group Plc grew its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 8.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,436 shares of the technology company’s stock after purchasing an additional 4,375 shares during the period. Legal & General Group Plc owned 0.16% of Watts Water Technologies worth $3,440,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Watts Water Technologies by 14,402.8% during the first quarter. BlackRock Inc. now owns 3,566,232 shares of the technology company’s stock worth $222,353,000 after purchasing an additional 3,541,642 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Watts Water Technologies by 9.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 172,155 shares of the technology company’s stock worth $10,734,000 after purchasing an additional 14,482 shares during the period. Schroder Investment Management Group raised its holdings in shares of Watts Water Technologies by 71.0% during the first quarter. Schroder Investment Management Group now owns 47,829 shares of the technology company’s stock worth $2,985,000 after purchasing an additional 19,851 shares during the period. Morgan Stanley raised its holdings in shares of Watts Water Technologies by 0.9% during the first quarter. Morgan Stanley now owns 162,153 shares of the technology company’s stock worth $10,110,000 after purchasing an additional 1,439 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Watts Water Technologies by 3.8% during the first quarter. Thrivent Financial For Lutherans now owns 15,700 shares of the technology company’s stock worth $979,000 after purchasing an additional 580 shares during the period. 77.64% of the stock is currently owned by institutional investors.

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Watts Water Technologies, Inc. (NYSE:WTS) opened at 64.00 on Friday. The stock’s 50 day moving average is $63.35 and its 200 day moving average is $62.74. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 25.00 and a beta of 1.06. 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 issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.04. The company had revenue of $378.50 million during the quarter, compared to analysts’ expectations 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 revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. On average, analysts predict that Watts Water Technologies, Inc. will post $2.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.19%. Watts Water Technologies’s payout ratio is presently 29.69%.

WTS has been the topic of a number of research reports. BidaskClub cut shares of Watts Water Technologies from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Watts Water Technologies in a research report on Wednesday, June 14th. Finally, Boenning Scattergood restated an “outperform” rating on shares of Watts Water Technologies in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Watts Water Technologies presently has a consensus rating of “Hold” and an average target price of $64.50.

In other Watts Water Technologies news, insider Elie Melhem sold 3,306 shares of Watts Water Technologies stock in a transaction on Friday, August 25th. The stock was sold at an average price of $62.11, for a total transaction of $205,335.66. Following the completion of the transaction, the insider now directly owns 32,128 shares of the company’s stock, valued at $1,995,470.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Watts Water Technologies 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.

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

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