Watts Water Technologies (NYSE:WTS)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a research note issued on Thursday. They currently have a $85.00 price objective on the technology company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 12.43% from the company’s previous close.

Several other brokerages have also weighed in on WTS. Cowen reiterated a “hold” rating and set a $58.00 price objective on shares of Watts Water Technologies in a report on Thursday, September 28th. Seaport Global Securities restated a “neutral” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. Robert W. Baird raised their price target on shares of Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. BidaskClub lowered shares of Watts Water Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Finally, Zacks Investment Research lowered shares of Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Watts Water Technologies has an average rating of “Hold” and an average price target of $73.83.

Watts Water Technologies (NYSE WTS) traded up $1.55 during trading on Thursday, hitting $75.60. 135,700 shares of the company’s stock traded hands, compared to its average volume of 128,226. Watts Water Technologies has a one year low of $59.15 and a one year high of $75.95. The firm has a market cap of $2,550.00, a PE ratio of 25.36, a P/E/G ratio of 2.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.03. The company had revenue of $347.70 million for the quarter, compared to analysts’ expectations of $361.22 million. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. equities research analysts predict that Watts Water Technologies will post 3.01 earnings per share for the current fiscal year.

In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 3,951 shares of Watts Water Technologies stock in a transaction on Monday, December 11th. The shares were sold at an average price of $73.09, for a total value of $288,778.59. Following the completion of the transaction, the chief executive officer now owns 137,474 shares of the company’s stock, valued at $10,047,974.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of Watts Water Technologies stock in a transaction on Friday, December 8th. The stock was sold at an average price of $73.53, for a total transaction of $871,477.56. Following the completion of the transaction, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at approximately $10,108,463.22. The disclosure for this sale can be found here. Insiders have sold 18,348 shares of company stock worth $1,339,628 in the last quarter. Insiders own 1.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WTS. Impax Asset Management LTD boosted its holdings in Watts Water Technologies by 7.8% in the third quarter. Impax Asset Management LTD now owns 2,730,009 shares of the technology company’s stock worth $188,917,000 after purchasing an additional 196,626 shares during the period. Victory Capital Management Inc. boosted its holdings in Watts Water Technologies by 29.0% in the third quarter. Victory Capital Management Inc. now owns 771,208 shares of the technology company’s stock worth $53,367,000 after purchasing an additional 173,225 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Watts Water Technologies by 139.1% during the second quarter. Renaissance Technologies LLC now owns 206,800 shares of the technology company’s stock valued at $13,070,000 after acquiring an additional 120,300 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Watts Water Technologies by 9.8% during the second quarter. Voya Investment Management LLC now owns 759,287 shares of the technology company’s stock valued at $47,987,000 after acquiring an additional 67,767 shares during the period. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of Watts Water Technologies by 21.1% during the second quarter. TimesSquare Capital Management LLC now owns 362,960 shares of the technology company’s stock valued at $22,939,000 after acquiring an additional 63,200 shares during the period. 77.71% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Watts Water Technologies (NYSE:WTS)

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