Watts Water Technologies (NYSE:WTS – Get Rating) will be issuing its quarterly earnings data after the market closes on Wednesday, February 8th. Analysts expect the company to announce earnings of $1.54 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.
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 (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.22. Watts Water Technologies had a net margin of 11.43% and a return on equity of 19.81%. The company had revenue of $487.80 million during the quarter, compared to the consensus estimate of $476.13 million. On average, analysts expect Watts Water Technologies to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
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Watts Water Technologies Trading Up 3.5 %
Watts Water Technologies stock opened at $163.52 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.47 and a debt-to-equity ratio of 0.15. Watts Water Technologies has a 12 month low of $116.31 and a 12 month high of $163.74. The company's fifty day simple moving average is $151.95 and its 200-day simple moving average is $143.21. The stock has a market cap of $5.44 billion, a P/E ratio of 24.74, a P/E/G ratio of 2.98 and a beta of 1.01.
Analyst Upgrades and Downgrades
WTS has been the topic of several research reports. Stifel Nicolaus upped 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. The Goldman Sachs Group increased their price objective on Watts Water Technologies from $129.00 to $143.00 and gave the stock a "neutral" rating in a report on Friday, November 4th. StockNews.com cut shares of Watts Water Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Watts Water Technologies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $155.00 to $150.00 in a research note on Tuesday, January 10th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $135.80.
Institutional Investors Weigh In On Watts Water Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd grew its holdings in 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 purchasing an additional 82 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Watts Water Technologies during the 2nd quarter worth $32,000. Point72 Hong Kong Ltd grew its stake in Watts Water Technologies by 437.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 796 shares of the technology company's stock valued at $98,000 after buying an additional 648 shares during the last quarter. US Bancorp DE raised its holdings in Watts Water Technologies by 41.6% in the 1st quarter. US Bancorp DE now owns 881 shares of the technology company's stock worth $123,000 after acquiring an additional 259 shares during the period. Finally, Eqis Capital Management Inc. bought a new position in Watts Water Technologies in the 1st quarter worth $202,000. 74.85% of the stock is currently owned by institutional investors and hedge funds.
Watts Water Technologies Company Profile
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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.
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