In a report released yesterday, Nathan Jones from Stifel Nicolaus maintained a Hold rating on Watts Water Technologies (WTS – Research Report), with a price target of $190.00. The company’s shares closed yesterday at $174.69.
Jones covers the Industrials sector, focusing on stocks such as Valmont, ITT, and Lincoln Electric Holdings. According to TipRanks, Jones has an average return of 13.8% and a 61.99% success rate on recommended stocks.
Currently, the analyst consensus on Watts Water Technologies is a Hold with an average price target of $183.25.
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Based on Watts Water Technologies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $532.8 million and a net profit of $75.9 million. In comparison, last year the company earned a revenue of $526.6 million and had a net profit of $69.7 million
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WTS in relation to earlier this year.
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Watts Water Technologies (WTS) Company Description:
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. The company was founded in 1985 and is headquartered in North Andover, MA.
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