Hanson & Doremus Investment Management maintained its position in shares of Watts Water Technologies, Inc. (NYSE:WTS) during the second quarter, according to its most recent filing with the SEC. The firm owned 2,150 shares of the technology company’s stock at the end of the second quarter. Hanson & Doremus Investment Management’s holdings in Watts Water Technologies were worth $136,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Watts Water Technologies by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 7,500 shares of the technology company’s stock valued at $489,000 after buying an additional 19 shares during the period. State of Alaska Department of Revenue increased its stake in Watts Water Technologies by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,070 shares of the technology company’s stock valued at $191,000 after buying an additional 50 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Watts Water Technologies by 1.1% in the second quarter. Eqis Capital Management Inc. now owns 5,932 shares of the technology company’s stock valued at $375,000 after buying an additional 64 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Watts Water Technologies by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the technology company’s stock valued at $705,000 after buying an additional 100 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Watts Water Technologies by 0.7% in the first quarter. Arizona State Retirement System now owns 14,446 shares of the technology company’s stock valued at $901,000 after buying an additional 100 shares in the last quarter. Institutional investors own 77.97% of the company’s stock.

Watts Water Technologies, Inc. (WTS) traded down 0.23% during midday trading on Friday, reaching $63.90. 139,845 shares of the company’s stock traded hands. The company has a market cap of $2.18 billion, a P/E ratio of 24.96 and a beta of 1.07. The stock has a 50-day moving average of $63.80 and a 200 day moving average of $63.07. Watts Water Technologies, Inc. has a 52-week low of $58.35 and a 52-week high of $71.05.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $378.50 million during the quarter, compared to analysts’ expectations of $379.51 million. Watts Water Technologies had a return on equity of 12.84% and a net margin of 6.27%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. On average, analysts anticipate that Watts Water Technologies, Inc. will post $2.98 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, August 30th. Watts Water Technologies’s payout ratio is 29.69%.

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WTS has been the subject of a number of research reports. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Watts Water Technologies in a report on Thursday, May 4th. BidaskClub raised shares of Watts Water Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $64.50.

In other Watts Water Technologies news, insider Elie Melhem sold 1,281 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $64.42, for a total value of $82,522.02. Following the completion of the sale, the insider now owns 29,493 shares in the company, valued at $1,899,939.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

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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