State of Tennessee Treasury Department continued to hold its stake in shares of Watts Water Technologies, Inc. (NYSE:WTS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,536 shares of the technology company’s stock at the close of the second quarter. State of Tennessee Treasury Department owned about 0.08% of Watts Water Technologies worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its position in 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 acquiring an additional 3,541,642 shares in the last quarter. Vanguard Group Inc. raised its position in 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 acquiring an additional 205,883 shares in the last quarter. Impax Asset Management LTD raised its position in 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 acquiring an additional 444,528 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 acquiring an additional 20,976 shares in the last quarter. Finally, State Street Corp raised its position in 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 acquiring an additional 54,740 shares in the last quarter. 77.64% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/09/21/state-of-tennessee-treasury-department-has-1677000-stake-in-watts-water-technologies-inc-wts.html.

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

Shares of Watts Water Technologies, Inc. (WTS) opened at 68.10 on Thursday. Watts Water Technologies, Inc. has a 12-month low of $58.35 and a 12-month high of $71.05. The firm’s 50-day moving average price is $63.54 and its 200 day moving average price is $62.76. The firm has a market cap of $2.33 billion, a P/E ratio of 26.60 and a beta of 1.06.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.04. Watts Water Technologies had a return on equity of 12.84% and a net margin of 6.27%. The firm had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $379.51 million. During the same quarter last year, the business earned $0.75 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Watts Water Technologies, Inc. will post $2.99 earnings per share for the current fiscal year.

The business also recently announced 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. This represents a $0.76 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Wednesday, August 30th. Watts Water Technologies’s dividend payout ratio (DPR) is currently 29.69%.

Several brokerages have commented on WTS. BidaskClub upgraded shares of Watts Water Technologies from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Boenning Scattergood restated an “outperform” rating on shares of Watts Water Technologies in a report on Tuesday, September 5th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Watts Water Technologies in a report on Wednesday, June 14th. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Monday. Finally, Stifel Nicolaus assumed coverage on Watts Water Technologies in a report on Monday. They set a “buy” rating and a $72.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Watts Water Technologies has an average rating of “Hold” and a consensus target price of $72.33.

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.

Want to see what other hedge funds are holding WTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watts Water Technologies, Inc. (NYSE:WTS).

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

Receive News & Ratings for Watts Water Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.