Watts Water Technologies (NYSE:WTS) Price Target Increased to $143.00 by Analysts at The Goldman Sachs Group – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Watts Water Technologies (NYSE:WTS – Get Rating) had its price target increased by analysts at The Goldman Sachs Group from $129.00 to $143.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 0.11% from the stock’s previous close.
WTS has been the topic of a number of other reports. Stifel Nicolaus decreased their target price on Watts Water Technologies from $133.00 to $132.00 and set a “hold” rating on the stock in a report on Tuesday, October 11th. Northcoast Research assumed coverage on shares of Watts Water Technologies in a report on Friday, July 15th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Watts Water Technologies from $192.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th. Finally, StockNews.com assumed coverage on shares of Watts Water Technologies in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $132.60.

Watts Water Technologies Trading Up 1.4 %

WTS traded up $1.98 during midday trading on Friday, reaching $142.85. 829 shares of the company were exchanged, compared to its average volume of 108,705. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.27 and a current ratio of 2.30. Watts Water Technologies has a one year low of $116.31 and a one year high of $212.00. The stock has a market capitalization of $4.78 billion, a P/E ratio of 21.61, a PEG ratio of 2.71 and a beta of 1.01. The stock’s 50-day simple moving average is $132.82 and its 200 day simple moving average is $132.50.
Watts Water Technologies (NYSE:WTS – Get Rating) last released its earnings results on Wednesday, August 3rd. The technology company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.63 by $0.48. The firm had revenue of $526.60 million for the quarter, compared to analysts’ expectations of $488.73 million. Watts Water Technologies had a return on equity of 18.95% and a net margin of 10.98%. As a group, analysts forecast that Watts Water Technologies will post 6.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 240 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $149.33, for a total value of $35,839.20. Following the completion of the transaction, the insider now owns 12,063 shares of the company’s stock, valued at approximately $1,801,367.79. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Institutional Trading of Watts Water Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its stake in Watts Water Technologies by 0.8% in the first quarter. State Street Corp now owns 865,509 shares of the technology company’s stock valued at $120,816,000 after buying an additional 6,863 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Watts Water Technologies by 25.2% in the first quarter. Invesco Ltd. now owns 691,779 shares of the technology company’s stock worth $96,565,000 after acquiring an additional 139,042 shares during the last quarter. Mirova US LLC boosted its stake in shares of Watts Water Technologies by 6.3% in the second quarter. Mirova US LLC now owns 648,600 shares of the technology company’s stock worth $79,674,000 after acquiring an additional 38,553 shares during the last quarter. Victory Capital Management Inc. lifted its position in Watts Water Technologies by 7.4% during the third quarter. Victory Capital Management Inc. now owns 608,772 shares of the technology company’s stock worth $76,541,000 after buying an additional 42,005 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Watts Water Technologies by 29.0% in the first quarter. Northern Trust Corp now owns 455,323 shares of the technology company’s stock valued at $63,558,000 after purchasing an additional 102,485 shares during the period. Hedge funds and other institutional investors own 75.09% of the company’s stock.

Watts Water Technologies Company Profile

(Get Rating)
Watts Water Technologies, Inc designs, manufactures, and sells products, solution, and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the commercial and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

Featured Articles

• Get a free copy of the StockNews.com research report on Watts Water Technologies (WTS)
• Datadog Doesn’t Belong In The Doghouse 
• Mixed Results Actually Bring More Optimism than Risk for AMD
• Nikola Shares Fall Even As EV Maker Beats Q3 Expectations
• Energy Transfer Raises Guidance, But Stock Lower On Revenue Miss
• Papa John’s Falls Flat On Earnings, Shares Set To Rise

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Watts Water Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Watts Water Technologies wasn’t on the list.
While Watts Water Technologies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

source