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Watts Water Technologies, Inc. (NYSE:WTS) Receives Consensus Recommendation of "Hold" From Analysts

Defense World ·  Jan 31, 2023 01:12

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.

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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

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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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