New York State Common Retirement Fund trimmed its position in shares of Watts Water Technologies Inc (NYSE:WTS) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,536 shares of the technology company’s stock after selling 4,462 shares during the period. New York State Common Retirement Fund owned about 0.22% of Watts Water Technologies worth $4,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in WTS. Victory Capital Management Inc. raised its holdings in shares of Watts Water Technologies by 23.2% during the fourth quarter. Victory Capital Management Inc. now owns 969,869 shares of the technology company’s stock worth $62,586,000 after acquiring an additional 182,700 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Watts Water Technologies by 6,087.5% during the third quarter. Allianz Asset Management GmbH now owns 175,664 shares of the technology company’s stock worth $14,580,000 after acquiring an additional 172,825 shares in the last quarter. Man Group plc raised its holdings in shares of Watts Water Technologies by 205.5% during the third quarter. Man Group plc now owns 113,835 shares of the technology company’s stock worth $9,448,000 after acquiring an additional 76,570 shares in the last quarter. Morgan Stanley increased its position in Watts Water Technologies by 54.0% during the third quarter. Morgan Stanley now owns 211,625 shares of the technology company’s stock worth $17,565,000 after buying an additional 74,235 shares during the last quarter. Finally, Vanguard Group Inc increased its position in Watts Water Technologies by 1.7% during the third quarter. Vanguard Group Inc now owns 2,767,832 shares of the technology company’s stock worth $229,730,000 after buying an additional 45,313 shares during the last quarter. Institutional investors and hedge funds own 75.89% of the company’s stock.

WTS has been the topic of several analyst reports. Seaport Global Securities raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 4th. Oppenheimer reissued a “hold” rating on shares of Watts Water Technologies in a research report on Monday, February 11th. Finally, Janney Montgomery Scott downgraded shares of Watts Water Technologies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $81.00 to $83.00 in a research report on Monday, February 11th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $89.50.

In other news, insider Munish Nanda sold 11,059 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $79.32, for a total value of $877,199.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Kenneth Robert Lepage sold 9,673 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $81.58, for a total value of $789,123.34. Following the completion of the sale, the general counsel now directly owns 35,365 shares in the company, valued at $2,885,076.70. The disclosure for this sale can be found here. Insiders have sold 71,055 shares of company stock worth $5,707,415 over the last three months. Company insiders own 1.10% of the company’s stock.

Watts Water Technologies stock opened at $79.00 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.25 and a current ratio of 2.07. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. Watts Water Technologies Inc has a one year low of $61.17 and a one year high of $93.35.

Watts Water Technologies (NYSE:WTS) last posted its earnings results on Thursday, February 7th. The technology company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The firm had revenue of $387.60 million for the quarter, compared to the consensus estimate of $382.33 million. Watts Water Technologies had a net margin of 7.97% and a return on equity of 14.71%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. On average, sell-side analysts predict that Watts Water Technologies Inc will post 4.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, February 28th. Watts Water Technologies’s payout ratio is 22.46%.

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Watts Water Technologies Profile

Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

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

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