Teachers Retirement System of The State of Kentucky held its stake in Watts Water Technologies, Inc. (NYSE:WTS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,500 shares of the technology company’s stock at the close of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in Watts Water Technologies were worth $600,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Riverhead Capital Management LLC increased its holdings in Watts Water Technologies by 44.3% in the second quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock worth $109,000 after purchasing an additional 532 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in Watts Water Technologies by 157.1% in the second quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock worth $114,000 after purchasing an additional 1,100 shares in the last quarter. Bruderman Asset Management LLC bought a new stake in Watts Water Technologies in the second quarter worth approximately $130,000. Quantbot Technologies LP increased its holdings in Watts Water Technologies by 823.9% in the second quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock worth $144,000 after purchasing an additional 2,035 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in Watts Water Technologies in the first quarter worth approximately $150,000. Institutional investors and hedge funds own 77.51% of the company’s stock.

WTS has been the subject of a number of research analyst reports. Cowen and Company reiterated a “hold” rating and issued a $58.00 target price on shares of Watts Water Technologies in a report on Thursday, September 28th. BidaskClub downgraded Watts Water Technologies from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research downgraded Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Stifel Nicolaus initiated coverage on Watts Water Technologies in a report on Monday, September 18th. They issued a “buy” rating and a $72.00 target price for the company. Finally, Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a report on Monday, September 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.83.

In related news, insider Elie Melhem sold 3,306 shares of the firm’s stock in a transaction that occurred 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 owns 32,128 shares of the company’s stock, valued at approximately $1,995,470.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

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Shares of Watts Water Technologies, Inc. (WTS) opened at 67.10 on Wednesday. The company has a market capitalization of $2.29 billion, a P/E ratio of 26.21 and a beta of 1.08. Watts Water Technologies, Inc. has a one year low of $58.35 and a one year high of $71.05. The firm has a 50-day moving average price of $66.09 and a 200-day moving average price of $63.71.

Watts Water Technologies (NYSE:WTS) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analyst estimates of $379.51 million. During the same quarter in the prior year, the company earned $0.75 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. Equities analysts forecast that Watts Water Technologies, Inc. will post $2.99 earnings per share for the current year.

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.

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

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