Watts Water Technologies (WTS) Earns Hold Rating from Robert W. Baird

Watts Water Technologies (NYSE:WTS)‘s stock had its “hold” rating reissued by Robert W. Baird in a research note issued on Wednesday. They presently have a $80.00 target price on the technology company’s stock. Robert W. Baird’s price target would indicate a potential upside of 5.47% from the company’s current price.

Several other research firms have also issued reports on WTS. Seaport Global Securities reissued a “neutral” rating on shares of Watts Water Technologies in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Monday, January 22nd. Boenning Scattergood reissued a “buy” rating on shares of Watts Water Technologies in a research note on Thursday, November 2nd. Janney Montgomery Scott raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, KeyCorp reissued a “hold” rating on shares of Watts Water Technologies in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Watts Water Technologies presently has a consensus rating of “Hold” and an average target price of $78.00.

Watts Water Technologies (WTS) traded up $0.25 during trading hours on Wednesday, reaching $75.85. 221,704 shares of the company’s stock traded hands, compared to its average volume of 123,507. 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 one year low of $59.15 and a one year high of $82.35. The stock has a market capitalization of $2,526.95, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13.

Watts Water Technologies (NYSE:WTS) last posted its earnings results on Monday, February 12th. The technology company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. Watts Water Technologies had a net margin of 5.02% and a return on equity of 13.07%. The business had revenue of $366.30 million for the quarter, compared to analyst estimates of $365.35 million. During the same period in the prior year, the company posted $0.64 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. research analysts predict that Watts Water Technologies will post 3.44 EPS for the current year.

In related news, insider Elie Melhem sold 2,545 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is available through this link. Also, CEO Robert J. Pagano, Jr. sold 3,951 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $73.09, for a total transaction of $288,778.59. Following the completion of the transaction, the chief executive officer now directly owns 137,474 shares in the company, valued at $10,047,974.66. The disclosure for this sale can be found here. Insiders sold a total of 18,348 shares of company stock worth $1,339,628 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in Watts Water Technologies by 1.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 754,329 shares of the technology company’s stock valued at $57,292,000 after buying an additional 11,386 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Watts Water Technologies in the 4th quarter valued at about $821,000. Deutsche Bank AG raised its holdings in Watts Water Technologies by 32.1% in the 4th quarter. Deutsche Bank AG now owns 336,741 shares of the technology company’s stock valued at $25,572,000 after acquiring an additional 81,845 shares during the last quarter. Natixis Asset Management raised its holdings in Watts Water Technologies by 15.4% in the 4th quarter. Natixis Asset Management now owns 116,660 shares of the technology company’s stock valued at $8,860,000 after acquiring an additional 15,592 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Watts Water Technologies by 5.3% in the 4th quarter. Renaissance Technologies LLC now owns 299,800 shares of the technology company’s stock valued at $22,770,000 after acquiring an additional 15,065 shares during the last quarter. 78.21% of the stock is currently 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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