Watts Water Technologies (NYSE:WTS)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a note issued to investors on Tuesday, Marketbeat reports. They currently have a $95.00 price objective on the technology company’s stock, up from their previous price objective of $85.00. Stifel Nicolaus’ price target would indicate a potential upside of 20.79% from the company’s previous close.

Several other research analysts also recently commented on WTS. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a report on Monday, September 18th. Cowen restated a “hold” rating and set a $58.00 price objective on shares of Watts Water Technologies in a research report on Thursday, September 28th. KeyCorp restated a “hold” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. Seaport Global Securities restated a “neutral” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. Finally, Boenning Scattergood restated a “buy” rating on shares of Watts Water Technologies in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Watts Water Technologies has an average rating of “Hold” and a consensus target price of $75.50.

Shares of Watts Water Technologies (NYSE:WTS) traded up $1.20 during trading hours on Tuesday, reaching $78.65. 66,600 shares of the company’s stock traded hands, compared to its average volume of 65,267. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. Watts Water Technologies has a 1 year low of $59.15 and a 1 year high of $79.25. The company has a market cap of $2,720.00, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16.

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

In related news, insider Elie Melhem sold 2,545 shares of Watts Water Technologies stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total value of $179,371.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 owns 137,474 shares in the company, valued at approximately $10,108,463.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,348 shares of company stock worth $1,339,628. Corporate insiders own 1.10% of the company’s stock.

Large investors have recently modified their holdings of the stock. Riverhead Capital Management LLC raised its position in Watts Water Technologies by 44.3% in the 2nd 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 during the period. Acrospire Investment Management LLC raised its position in Watts Water Technologies by 157.1% in the 2nd 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 during the period. Public Employees Retirement System of Ohio raised its position in Watts Water Technologies by 0.8% in the 2nd 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 during the period. Quantbot Technologies LP raised its position in Watts Water Technologies by 823.9% in the 2nd 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 during the period. Finally, Ballentine Partners LLC purchased a new position in Watts Water Technologies in the 3rd quarter worth $200,000. Institutional investors own 77.68% of the company’s stock.

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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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