BNP Paribas Arbitrage SA cut its holdings in shares of Watts Water Technologies, Inc. (NYSE:WTS) by 21.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,283 shares of the technology company’s stock after selling 3,106 shares during the period. BNP Paribas Arbitrage SA’s holdings in Watts Water Technologies were worth $713,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WTS. Teachers Advisors LLC lifted its stake in Watts Water Technologies by 4.1% during the fourth quarter. Teachers Advisors LLC now owns 45,946 shares of the technology company’s stock worth $2,996,000 after purchasing an additional 1,823 shares during the last quarter. Bank of Montreal Can lifted its stake in Watts Water Technologies by 8.8% during the first quarter. Bank of Montreal Can now owns 2,223 shares of the technology company’s stock worth $138,000 after purchasing an additional 180 shares during the last quarter. Glen Harbor Capital Management LLC lifted its stake in Watts Water Technologies by 12.9% during the first quarter. Glen Harbor Capital Management LLC now owns 1,960 shares of the technology company’s stock worth $122,000 after purchasing an additional 224 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Watts Water Technologies by 4.0% during the first quarter. Wells Fargo & Company MN now owns 31,541 shares of the technology company’s stock worth $1,967,000 after purchasing an additional 1,227 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Watts Water Technologies by 6.7% during the first quarter. Great West Life Assurance Co. Can now owns 38,456 shares of the technology company’s stock worth $2,395,000 after purchasing an additional 2,415 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

In related news, insider Elie Melhem sold 3,306 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $62.11, for a total value of $205,335.66. Following the completion of the transaction, the insider now directly owns 32,128 shares in the company, valued at $1,995,470.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

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Watts Water Technologies, Inc. (NYSE:WTS) opened at 62.45 on Monday. The company has a market capitalization of $2.14 billion, a PE ratio of 24.39 and a beta of 1.06. Watts Water Technologies, Inc. has a 52 week low of $58.35 and a 52 week high of $71.05. The stock has a 50 day moving average price of $63.52 and a 200-day moving average price of $62.77.

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 net margin of 6.27% and a return on equity of 12.84%. The company had revenue of $378.50 million during the quarter, compared to analyst estimates of $379.51 million. During the same period in the previous year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Watts Water Technologies, Inc. will post $2.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.19 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.76 annualized dividend and a yield of 1.22%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 29.69%.

Several research firms have weighed in on WTS. Boenning Scattergood restated an “outperform” rating on shares of Watts Water Technologies in a research note on Tuesday, September 5th. BidaskClub cut Watts Water Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Watts Water Technologies in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Watts Water Technologies presently has an average rating of “Hold” and a consensus price target of $64.50.

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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