Watts Water Technologies’ (WTS) “Hold” Rating Reiterated at KeyCorp
Watts Water Technologies, Inc. (NYSE:WTS)‘s stock had its “hold” rating reissued by investment analysts at KeyCorp in a research note issued on Friday.
Several other equities analysts also recently issued reports on WTS. Stifel Nicolaus reissued a “buy” rating and issued a $79.00 target price on shares of Watts Water Technologies in a research report on Friday. Robert W. Baird upped their target price on Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday. Boenning Scattergood reissued a “buy” rating on shares of Watts Water Technologies in a research report on Thursday. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Monday, September 18th. Finally, Cowen and Company reissued a “hold” rating and issued a $58.00 target price on shares of Watts Water Technologies in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $72.83.
Watts Water Technologies (WTS) traded up $2.65 during midday trading on Friday, hitting $69.55. The stock had a trading volume of 162,508 shares, compared to its average volume of 111,208. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.59 and a current ratio of 2.57. The company has a market cap of $2,406.83, a price-to-earnings ratio of 24.11, a P/E/G ratio of 1.97 and a beta of 1.12.
Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The firm had revenue of $347.70 million during the quarter, compared to analyst estimates of $361.22 million. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. analysts expect that Watts Water Technologies will post 2.97 EPS for the current fiscal year.
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In other news, insider Elie Melhem sold 3,306 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $62.11, for a total transaction of $205,335.66. Following the sale, the insider now directly owns 32,128 shares in the company, valued at approximately $1,995,470.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in shares of Watts Water Technologies by 39.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,734 shares of the technology company’s stock valued at $1,089,000 after acquiring an additional 4,451 shares during the period. Jennison Associates LLC purchased a new position in Watts Water Technologies in the 3rd quarter valued at about $620,000. Keybank National Association OH lifted its stake in Watts Water Technologies by 20.8% in the 3rd quarter. Keybank National Association OH now owns 17,400 shares of the technology company’s stock valued at $1,204,000 after buying an additional 3,000 shares in the last quarter. Palisade Capital Management LLC NJ lifted its stake in Watts Water Technologies by 10.5% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 201,205 shares of the technology company’s stock valued at $13,923,000 after buying an additional 19,179 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in Watts Water Technologies in the 3rd quarter valued at about $302,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.
Watts Water Technologies Company Profile
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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