Watts Water Technologies, Inc. (NYSE:WTS – Get Rating) has earned an average recommendation of "Hold" from the nine ratings firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $135.80.
Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded Watts Water Technologies from a "buy" rating to a "hold" rating and lowered their price objective for the company from $155.00 to $150.00 in a research report on Tuesday, January 10th. They noted that the move was a valuation call. The Goldman Sachs Group boosted their target price on Watts Water Technologies from $129.00 to $143.00 and gave the stock a "neutral" rating in a research report on Friday, November 4th. StockNews.com downgraded Watts Water Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 6th. Finally, Stifel Nicolaus boosted their target price on Watts Water Technologies from $145.00 to $146.00 and gave the stock a "hold" rating in a research report on Friday, January 20th.
Get
Watts Water Technologies alerts:
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Covestor Ltd grew its stake in shares of Watts Water Technologies by 80.4% during the first quarter. Covestor Ltd now owns 184 shares of the technology company's stock valued at $26,000 after buying an additional 82 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Watts Water Technologies in the second quarter worth approximately $25,000. Janiczek Wealth Management LLC grew its stake in Watts Water Technologies by 1,981.8% in the second quarter. Janiczek Wealth Management LLC now owns 229 shares of the technology company's stock worth $32,000 after purchasing an additional 218 shares in the last quarter. Castle Wealth Management LLC bought a new position in Watts Water Technologies in the second quarter worth approximately $30,000. Finally, Eagle Bay Advisors LLC bought a new position in Watts Water Technologies in the second quarter worth approximately $32,000. Institutional investors own 74.85% of the company's stock.
Watts Water Technologies Stock Down 0.8 %
WTS opened at $157.94 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.47 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $151.83 and a 200-day moving average price of $142.69. Watts Water Technologies has a twelve month low of $116.31 and a twelve month high of $160.79. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.98 and a beta of 1.01.
Watts Water Technologies (NYSE:WTS – Get Rating) last released its earnings results on Wednesday, November 2nd. The technology company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.22. The company had revenue of $487.80 million for the quarter, compared to the consensus estimate of $476.13 million. Watts Water Technologies had a return on equity of 19.81% and a net margin of 11.43%. Equities research analysts forecast that Watts Water Technologies will post 7.08 earnings per share for the current year.
Watts Water Technologies Company Profile
(Get Rating)
Watts Water Technologies, Inc engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and Asia-Pacific, Middle East and Africa. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks.
Featured Articles
- Get a free copy of the StockNews.com research report on Watts Water Technologies (WTS)
- Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
- SoFi Technologies Smashes Earnings but Beware the Fed Decision
- Buying The Dip In Colgate-Palmolive
- Mullen Automotive On Hiring Spree, What Could That Mean?
- InterDigital Raises Its Earnings Guidance
Receive News & Ratings for Watts Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
