Vanguard Trims Watts Water Tech Stake to 12.0%

TL;DR

**Vanguard cut its Watts Water Tech stake to 12.0%, watch for market reaction.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, updating its ownership in Watts Water Technologies, Inc. Class A Common Stock. As of December 29, 2023, Vanguard reported beneficial ownership of 4,007,810 shares, representing 12.0% of the company's outstanding shares. This filing indicates a slight decrease in Vanguard's reported stake from previous filings, which could signal a minor shift in institutional confidence or portfolio rebalancing, potentially impacting investor sentiment for Watts Water Technologies.

Why It Matters

This filing shows that a major institutional investor, Vanguard, has slightly reduced its stake in Watts Water Technologies, which could be interpreted by other investors as a signal about the stock's future prospects.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard typically doesn't pose a significant immediate risk to the company or its stock price.

Analyst Insight

A smart investor would monitor Watts Water Technologies' stock performance and look for any further institutional ownership changes or company-specific news that might explain Vanguard's slight reduction in stake, rather than reacting solely to this minor adjustment.

Key Numbers

• 4,007,810 — Shares Beneficially Owned (Represents Vanguard's total ownership in Watts Water Technologies Class A Common Stock as of December 29, 2023.)
• 12.0% — Percentage of Class A Shares (Indicates Vanguard's significant, but slightly reduced, ownership stake in Watts Water Technologies.)
• February 13, 2024 — Filing Date (The date the amended SC 13G/A was filed, providing updated ownership information.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this ownership update.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• Watts Water Technologies, Inc. (company) — the subject company whose shares are being reported
• 4,007,810 shares (dollar_amount) — the total number of Class A Common Stock shares beneficially owned by Vanguard
• 12.0% (dollar_amount) — the percentage of Watts Water Technologies' Class A Common Stock beneficially owned by Vanguard
• December 29, 2023 (date) — the date of the event which required the filing

Forward-Looking Statements

• Watts Water Technologies' stock price may experience minor volatility as investors react to Vanguard's reduced stake. (Watts Water Technologies, Inc.) — medium confidence, target: Within the next week
• Other institutional investors might review their positions in Watts Water Technologies following Vanguard's adjustment. (Institutional Investors) — low confidence, target: Within the next month

FAQ

Filing Documents

• tv02261-wattswatertechnologi.htm (SC 13G/A) — 11KB
• 0001104659-24-022285.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Watts Water Technologies, Inc. Class A

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 815 Chestnut Street North Andover, MA 01845-6098

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 942749102

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR