Watts Water Technologies Inc (WTS) Given Consensus Rating of “Hold” by Analysts

Shares of Watts Water Technologies Inc (NYSE:WTS) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $79.17.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Monday. Northcoast Research set a $90.00 target price on Watts Water Technologies and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus restated a “buy” rating and issued a $95.00 target price (up from $85.00) on shares of Watts Water Technologies in a research report on Tuesday, January 16th. Boenning Scattergood restated a “buy” rating on shares of Watts Water Technologies in a research report on Monday, November 20th. Finally, Cowen reiterated a “hold” rating and set a $58.00 price objective on shares of Watts Water Technologies in a research report on Thursday, September 28th.

In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $73.09, for a total transaction of $288,778.59. Following the sale, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at approximately $10,047,974.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Elie Melhem sold 2,545 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total transaction of $179,371.60. The disclosure for this sale can be found here. Insiders have sold a total of 18,348 shares of company stock valued at $1,339,628 in the last quarter. Insiders own 1.10% of the company’s stock.

A number of large investors have recently made changes to their positions in WTS. Riverhead Capital Management LLC raised its stake in Watts Water Technologies by 44.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock valued at $109,000 after purchasing an additional 532 shares during the period. Public Employees Retirement System of Ohio raised its stake in Watts Water Technologies by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock valued at $129,000 after purchasing an additional 17 shares during the period. Quantbot Technologies LP raised its stake in Watts Water Technologies by 823.9% during the 2nd quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock valued at $144,000 after purchasing an additional 2,035 shares during the period. Ballentine Partners LLC acquired a new stake in Watts Water Technologies during the 3rd quarter valued at $200,000. Finally, Suntrust Banks Inc. raised its stake in Watts Water Technologies by 1.0% during the 2nd quarter. Suntrust Banks Inc. now owns 3,290 shares of the technology company’s stock valued at $207,000 after purchasing an additional 31 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Shares of Watts Water Technologies (WTS) opened at $79.65 on Tuesday. The firm has a market capitalization of $2,720.00, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 1.98 and a beta of 1.16. 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 has a 52-week low of $59.15 and a 52-week high of $80.55.

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

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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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