Robert W. Baird reiterated their hold rating on shares of Watts Water Technologies (NYSE:WTS) in a research report report published on Wednesday. They currently have a $80.00 price target on the technology company’s stock.
A number of other equities research analysts also recently commented on the company. Stifel Nicolaus reaffirmed a buy rating and set a $90.00 target price (down previously from $95.00) on shares of Watts Water Technologies in a report on Wednesday. Janney Montgomery Scott raised Watts Water Technologies from a neutral rating to a buy rating in a report on Wednesday. TheStreet downgraded Watts Water Technologies from a b+ rating to a c+ rating in a report on Monday, February 12th. Zacks Investment Research raised Watts Water Technologies from a hold rating to a buy rating and set a $84.00 target price for the company in a report on Saturday, February 10th. Finally, Northcoast Research set a $90.00 target price on Watts Water Technologies and gave the stock a buy rating in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Watts Water Technologies currently has a consensus rating of Hold and an average price target of $78.00.
Shares of Watts Water Technologies (NYSE:WTS) opened at $77.15 on Wednesday. Watts Water Technologies has a 52 week low of $59.15 and a 52 week high of $82.35. The firm has a market capitalization of $2,630.00, a PE ratio of 36.39, a PEG ratio of 1.75 and a beta of 1.13. The company has a current ratio of 2.39, a quick ratio of 1.70 and a debt-to-equity ratio of 0.57.
Watts Water Technologies (NYSE:WTS) last released its earnings results on Monday, February 12th. The technology company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. Watts Water Technologies had a return on equity of 12.93% and a net margin of 5.02%. The firm had revenue of $366.30 million during the quarter, compared to the consensus estimate of $365.35 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. research analysts forecast that Watts Water Technologies will post 3.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, March 1st. Watts Water Technologies’s payout ratio is presently 35.85%.
In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $73.09, for a total value of $288,778.59. Following the completion of the transaction, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at $10,047,974.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $73.53, for a total value of $871,477.56. Following the completion of the transaction, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at $10,108,463.22. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
Large investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC acquired a new position in Watts Water Technologies in the fourth quarter valued at approximately $112,000. Public Employees Retirement System of Ohio lifted its holdings in Watts Water Technologies by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock valued at $129,000 after acquiring an additional 17 shares during the period. Ballentine Partners LLC acquired a new position in Watts Water Technologies in the third quarter valued at approximately $200,000. Suntrust Banks Inc. lifted its holdings in Watts Water Technologies by 1.0% in the second quarter. Suntrust Banks Inc. now owns 3,290 shares of the technology company’s stock valued at $207,000 after acquiring an additional 31 shares during the period. Finally, Balyasny Asset Management LLC acquired a new position in Watts Water Technologies in the second quarter valued at approximately $215,000. 78.21% of the stock is owned by institutional investors.
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Watts Water Technologies Company Profile
Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.
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