Watts Water Technologies, Inc. (WTS) Receives Average Rating of “Hold” from Analysts
Watts Water Technologies, Inc. (NYSE:WTS) has earned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $71.60.
A number of research firms have recently issued reports on WTS. Cowen and Company reissued a “hold” rating and issued a $58.00 target price on shares of Watts Water Technologies in a report on Thursday, September 28th. Zacks Investment Research raised Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Tuesday, October 3rd. Robert W. Baird boosted their target price on Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $79.00 price target on shares of Watts Water Technologies in a research note on Friday, November 3rd.
In related news, insider Elie Melhem sold 3,306 shares of Watts Water Technologies stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $62.11, for a total value of $205,335.66. Following the sale, the insider now directly owns 32,128 shares in the company, valued at $1,995,470.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its position in Watts Water Technologies by 44.3% during the second quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock worth $109,000 after purchasing an additional 532 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Watts Water Technologies by 157.1% during the second quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock worth $114,000 after purchasing an additional 1,100 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Watts Water Technologies by 0.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after purchasing an additional 17 shares in the last quarter. Bruderman Asset Management LLC purchased a new stake in Watts Water Technologies during the second quarter worth $130,000. Finally, Quantbot Technologies LP boosted its position in Watts Water Technologies by 823.9% during the second quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock worth $144,000 after purchasing an additional 2,035 shares in the last quarter. Institutional investors own 78.13% of the company’s stock.
Watts Water Technologies (NYSE WTS) opened at $68.45 on Thursday. The stock has a market capitalization of $2,358.97, a P/E ratio of 23.63, a PEG ratio of 1.91 and a beta of 1.12. The company has a quick ratio of 1.70, a current ratio of 2.57 and a debt-to-equity ratio of 0.60. Watts Water Technologies has a twelve month low of $59.15 and a twelve month high of $71.05.
Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.03. The business had revenue of $347.70 million for the quarter, compared to analyst estimates of $361.22 million. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. sell-side analysts forecast that Watts Water Technologies will post 3.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.11%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 28.15%.
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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