Dean Investment Associates LLC lowered its position in Watts Water Technologies Inc (NYSE:WTS) by 6.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 44,545 shares of the technology company’s stock after selling 2,855 shares during the period. Dean Investment Associates LLC’s holdings in Watts Water Technologies were worth $3,383,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of WTS. SeaCrest Wealth Management LLC acquired a new position in shares of Watts Water Technologies in the 4th quarter worth approximately $112,000. Public Employees Retirement System of Ohio lifted its position in shares of Watts Water Technologies by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after purchasing an additional 17 shares during the period. Ballentine Partners LLC acquired a new position in shares of Watts Water Technologies in the 3rd quarter worth approximately $200,000. Suntrust Banks Inc. lifted its position in shares of Watts Water Technologies by 1.0% in the 2nd quarter. Suntrust Banks Inc. now owns 3,290 shares of the technology company’s stock worth $207,000 after purchasing an additional 31 shares during the period. Finally, Balyasny Asset Management LLC acquired a new position in shares of Watts Water Technologies in the 2nd quarter worth approximately $215,000. Hedge funds and other institutional investors own 77.75% of the company’s stock.

WTS has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $85.00 price target on shares of Watts Water Technologies in a research report on Thursday, December 14th. Boenning Scattergood reiterated a “buy” rating on shares of Watts Water Technologies in a research report on Thursday, November 2nd. Robert W. Baird boosted their target price on shares of Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Seaport Global Securities reiterated a “neutral” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $79.17.

Watts Water Technologies Inc (NYSE:WTS) opened at $74.60 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. Watts Water Technologies Inc has a 1 year low of $59.15 and a 1 year high of $82.35. The stock has a market cap of $2,620.86, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.89 and a beta of 1.13.

In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 11,852 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $73.53, for a total transaction of $871,477.56. Following the completion of the sale, the chief executive officer now owns 137,474 shares in the company, valued at approximately $10,108,463.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert J. Pagano, Jr. sold 3,951 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $73.09, for a total transaction of $288,778.59. Following the sale, the chief executive officer now owns 137,474 shares of the company’s stock, valued at approximately $10,047,974.66. The disclosure for this sale can be found here. Insiders have sold a total of 18,348 shares of company stock worth $1,339,628 in the last quarter. 1.10% of the stock is owned by corporate insiders.

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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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