Gabelli Funds LLC lowered its position in shares of Watts Water Technologies Inc (NYSE:WTS) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 545,000 shares of the technology company’s stock after selling 16,000 shares during the quarter. Gabelli Funds LLC’s holdings in Watts Water Technologies were worth $41,393,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WTS. SeaCrest Wealth Management LLC acquired a new position in Watts Water Technologies during the 4th quarter worth approximately $112,000. Public Employees Retirement System of Ohio boosted its position in Watts Water Technologies by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after acquiring an additional 17 shares during the last quarter. Ballentine Partners LLC acquired a new position in Watts Water Technologies during the 3rd quarter worth approximately $200,000. Suntrust Banks Inc. boosted its position in Watts Water Technologies by 1.0% during the 2nd quarter. Suntrust Banks Inc. now owns 3,290 shares of the technology company’s stock worth $207,000 after acquiring an additional 31 shares during the last quarter. Finally, Balyasny Asset Management LLC acquired a new position in Watts Water Technologies during the 2nd quarter worth approximately $215,000. 77.75% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was 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 in the company, valued at approximately $10,047,974.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Elie Melhem sold 2,545 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $70.48, for a total value of $179,371.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,348 shares of company stock worth $1,339,628. Company insiders own 1.10% of the company’s stock.

A number of equities analysts have weighed in on WTS shares. Zacks Investment Research raised Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Monday, January 22nd. Northcoast Research set a $90.00 price target on Watts Water Technologies and gave the stock a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price target (up previously from $85.00) on shares of Watts Water Technologies in a research report on Tuesday, January 16th. Boenning Scattergood reaffirmed a “buy” rating on shares of Watts Water Technologies in a research report on Monday, November 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Watts Water Technologies presently has a consensus rating of “Hold” and an average target price of $79.17.

Shares of Watts Water Technologies Inc (NYSE WTS) opened at $76.75 on Tuesday. Watts Water Technologies Inc has a 12 month low of $59.15 and a 12 month high of $82.35. The stock has a market capitalization of $2,721.59, a P/E ratio of 27.30, a PEG ratio of 1.96 and a beta of 1.13. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57.

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Watts Water Technologies Company 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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