New York State Teachers Retirement System Sells 4,700 Shares of Watts Water Technologies, Inc. (NYSE:WTS)

New York State Teachers Retirement System reduced its stake in Watts Water Technologies, Inc. (NYSE:WTS - Free Report) by 12.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,476 shares of the technology company's stock after selling 4,700 shares during the period. New York State Teachers Retirement System owned 0.10% of Watts Water Technologies worth $7,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of Watts Water Technologies by 24.4% in the third quarter. CWM LLC now owns 392 shares of the technology company's stock valued at $81,000 after purchasing an additional 77 shares in the last quarter. Creative Planning boosted its holdings in shares of Watts Water Technologies by 34.3% during the third quarter. Creative Planning now owns 6,913 shares of the technology company's stock worth $1,432,000 after acquiring an additional 1,767 shares during the period. Blue Trust Inc. boosted its holdings in shares of Watts Water Technologies by 99.3% during the third quarter. Blue Trust Inc. now owns 544 shares of the technology company's stock worth $113,000 after acquiring an additional 271 shares during the period. Raymond James & Associates boosted its holdings in shares of Watts Water Technologies by 14.8% during the third quarter. Raymond James & Associates now owns 96,817 shares of the technology company's stock worth $20,060,000 after acquiring an additional 12,516 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Watts Water Technologies by 79.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 106,183 shares of the technology company's stock worth $22,000,000 after acquiring an additional 47,123 shares during the period. 95.02% of the stock is currently owned by institutional investors.

Watts Water Technologies Trading Down 2.0 %

NYSE WTS traded down $4.34 on Friday, reaching $215.16. The company had a trading volume of 160,362 shares, compared to its average volume of 208,520. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 3.42 and a beta of 0.93. Watts Water Technologies, Inc. has a fifty-two week low of $175.37 and a fifty-two week high of $232.60. The business has a 50 day moving average of $208.06 and a two-hundred day moving average of $204.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65.

Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. Analysts forecast that Watts Water Technologies, Inc. will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 0.80%. Watts Water Technologies's payout ratio is currently 19.79%.

Analyst Upgrades and Downgrades

WTS has been the subject of several recent research reports. Northcoast Research upgraded Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price target for the company in a research note on Monday, November 4th. The Goldman Sachs Group upped their target price on Watts Water Technologies from $197.00 to $217.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft began coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They set a "hold" rating and a $240.00 price target for the company. Finally, Stifel Nicolaus upped their price target on shares of Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $220.00.

Watts Water Technologies Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.