Victory Capital Management Inc. boosted its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 10.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 597,983 shares of the technology company’s stock after buying an additional 57,894 shares during the period. Victory Capital Management Inc. owned 1.73% of Watts Water Technologies worth $37,793,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its stake 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 last quarter. Vanguard Group Inc. increased its stake 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 last quarter. Impax Asset Management LTD increased its stake 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 last quarter. Dimensional Fund Advisors LP increased its stake 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 last quarter. Finally, State Street Corp increased its stake 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 last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Shares of Watts Water Technologies, Inc. (WTS) opened at 61.35 on Thursday. The firm has a market capitalization of $2.10 billion, a P/E ratio of 23.96 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. The stock’s 50 day moving average is $63.97 and its 200-day moving average is $62.90.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.24%. The ex-dividend date is Wednesday, August 30th. Watts Water Technologies’s payout ratio is 29.69%.

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A number of research firms have recently issued reports on WTS. BidaskClub downgraded shares of 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 analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Watts Water Technologies presently has an average rating of “Hold” and an average price target of $64.50.

In related news, insider Elie Melhem sold 3,306 shares of Watts Water Technologies stock in a transaction that occurred on Friday, August 25th. The shares were 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 of the company’s stock, valued at approximately $1,995,470.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

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.

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

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