Watts Water Technologies, Inc. (NYSE:WTS) Given Consensus Recommendation of "Hold" by Analysts – MarketBeat

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Shares of Watts Water Technologies, Inc. (NYSE:WTS – Get Rating) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $133.40.
WTS has been the subject of a number of analyst reports. StockNews.com assumed coverage on Watts Water Technologies in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Cowen lowered their target price on Watts Water Technologies from $130.00 to $120.00 in a report on Tuesday, June 28th. Stifel Nicolaus lowered their target price on Watts Water Technologies from $133.00 to $132.00 and set a “hold” rating for the company in a report on Tuesday, October 11th. Cowen lowered their target price on Watts Water Technologies from $130.00 to $120.00 in a report on Tuesday, June 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Watts Water Technologies from $192.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday.

Insider Activity at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 240 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $149.33, for a total value of $35,839.20. Following the transaction, the insider now owns 12,063 shares of the company’s stock, valued at $1,801,367.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Institutional Trading of Watts Water Technologies

Hedge funds have recently made changes to their positions in the company. Ellevest Inc. raised its stake in shares of Watts Water Technologies by 114.7% in the first quarter. Ellevest Inc. now owns 380 shares of the technology company’s stock valued at $53,000 after buying an additional 203 shares during the period. Verition Fund Management LLC bought a new stake in shares of Watts Water Technologies during the 1st quarter valued at $576,000. KBC Group NV raised its stake in shares of Watts Water Technologies by 0.9% during the 1st quarter. KBC Group NV now owns 237,654 shares of the technology company’s stock valued at $33,174,000 after purchasing an additional 2,185 shares during the period. SG Americas Securities LLC raised its stake in shares of Watts Water Technologies by 68.2% during the 2nd quarter. SG Americas Securities LLC now owns 22,196 shares of the technology company’s stock valued at $2,727,000 after purchasing an additional 8,999 shares during the period. Finally, Engineers Gate Manager LP raised its stake in shares of Watts Water Technologies by 1,196.5% during the 1st quarter. Engineers Gate Manager LP now owns 49,357 shares of the technology company’s stock valued at $6,890,000 after purchasing an additional 45,550 shares during the period. 75.09% of the stock is currently owned by institutional investors.

Watts Water Technologies Stock Performance

Shares of WTS stock opened at $130.23 on Friday. The business’s 50-day moving average price is $134.97 and its 200-day moving average price is $132.08. Watts Water Technologies has a 12 month low of $116.31 and a 12 month high of $212.00. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.40 and a beta of 0.97. The company has a current ratio of 2.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.17.
Watts Water Technologies (NYSE:WTS – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The technology company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.48. Watts Water Technologies had a return on equity of 18.95% and a net margin of 10.98%. The firm had revenue of $526.60 million for the quarter, compared to analyst estimates of $488.73 million. Equities research analysts forecast that Watts Water Technologies will post 6.75 EPS for the current year.

Watts Water Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.20 annualized dividend and a dividend yield of 0.92%. Watts Water Technologies’s payout ratio is 19.26%.

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.

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