Stifel Nicolaus Reiterates “Buy” Rating for Watts Water Technologies (WTS)

Watts Water Technologies (NYSE:WTS)‘s stock had its “buy” rating reaffirmed by investment analysts at Stifel Nicolaus in a report released on Thursday. They currently have a $85.00 price objective on the technology company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 13.03% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Tuesday, October 3rd. Robert W. Baird upped their price target on shares of Watts Water Technologies from $71.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a research note on Friday, November 3rd. Seaport Global Securities reiterated a “neutral” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Watts Water Technologies in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $73.83.

Watts Water Technologies (WTS) opened at $75.20 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. Watts Water Technologies has a 12 month low of $59.15 and a 12 month high of $76.05. The firm has a market cap of $2,581.59, a price-to-earnings ratio of 25.89, a PEG ratio of 2.10 and a beta of 1.15.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.03. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The business had revenue of $347.70 million for the quarter, compared to analysts’ expectations of $361.22 million. During the same period in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. research analysts predict that Watts Water Technologies will post 3.01 earnings per share for the current year.

In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 11,852 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $73.53, for a total value of $871,477.56. Following the transaction, the chief executive officer now directly owns 137,474 shares in the company, valued at approximately $10,108,463.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Elie Melhem sold 2,545 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $70.48, for a total transaction of $179,371.60. The disclosure for this sale can be found here. Insiders sold a total of 18,348 shares of company stock worth $1,339,628 over the last quarter. Insiders own 1.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP lifted its holdings in Watts Water Technologies by 171.1% in the 3rd quarter. GSA Capital Partners LLP now owns 13,404 shares of the technology company’s stock valued at $928,000 after purchasing an additional 8,459 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Watts Water Technologies by 5.7% in the 3rd quarter. California Public Employees Retirement System now owns 77,160 shares of the technology company’s stock valued at $5,339,000 after purchasing an additional 4,160 shares in the last quarter. OxFORD Asset Management LLP lifted its holdings in Watts Water Technologies by 18.5% in the 3rd quarter. OxFORD Asset Management LLP now owns 41,871 shares of the technology company’s stock valued at $2,903,000 after purchasing an additional 6,526 shares in the last quarter. KBC Group NV lifted its holdings in Watts Water Technologies by 5.8% in the 3rd quarter. KBC Group NV now owns 65,525 shares of the technology company’s stock valued at $4,534,000 after purchasing an additional 3,605 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Watts Water Technologies by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 992,272 shares of the technology company’s stock valued at $68,667,000 after purchasing an additional 38,374 shares in the last quarter. Institutional investors own 77.71% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Stifel Nicolaus Reiterates “Buy” Rating for Watts Water Technologies (WTS)” was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.com-unik.info/2017/12/16/stifel-nicolaus-reiterates-buy-rating-for-watts-water-technologies-wts.html.

About Watts Water Technologies

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.

Analyst Recommendations for Watts Water Technologies (NYSE:WTS)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit