Watts Water Technologies, Inc. (NYSE:WTS) has received a ‘Hold’ consensus rating from analysts.

Watts Water Technologies, Inc. (NYSE:WTS – Get Rating) shares have received an average recommendation of “Hold” from the nine rating agencies that currently cover the company, reports Marketbeat.com. Five analysts rated the stock as “hold” and two as “buy.” The average 1-year target price set by analysts covering the stock last year is $133.40.

WTS has been the subject of a number of analyst reports. StockNews.com reported on Watts Water Technologies in a research report on Wednesday, October 12th. They give the company a “buy” rating. Cowen lowered his price target on Watts Water Technologies from $130.00 to $120.00 in a report Tuesday, June 28. Stifel Nicolaus lowered his price target on Watts Water Technologies to $132.00 from $133.00 and gave the company a “hold” rating in a report on Tuesday, October 11. Cowen lowered his price target on Watts Water Technologies from $130.00 to $120.00 in a report Tuesday, June 28. Finally, Deutsche Bank Aktiengesellschaft lowered its target price on Watts Water Technologies from $192.00 to $148.00 and rated the company a “buy” in a research note on Thursday.

Insider activity at Watts Water Technologies

In other news from Watts Water Technologies, insider Elie Melhem sold 240 shares of the company’s stock in a transaction on Tuesday, August 23. The stock sold at an average price of $149.33 for a total value of $35,839.20. Following the transaction, the insider now owns 12,063 shares of the company’s stock valued at $1,801,367.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. 1.00% of the shares are owned by insiders.

Institutional trading in Watts Water Technologies

Hedge funds have recently changed their positions in the company. Ellevest Inc. increased its stake in Watts Water Technologies by 114.7% in the first quarter. Ellevest Inc. now owns 380 shares of the technology company, valued at $53,000, after purchasing an additional 203 shares during the period. Verition Fund Management LLC acquired a new $576,000 stake in Watts Water Technologies during the first quarter. KBC Group NV increased its stake in Watts Water Technologies by 0.9% in the first quarter. KBC Group NV now owns 237,654 shares in the technology company, valued at $33,174,000, having bought a further 2,185 shares during the period. SG Americas Securities LLC increased its stake in Watts Water Technologies by 68.2% during the second quarter. SG Americas Securities LLC now owns 22,196 shares of the technology company, valued at $2,727,000, after purchasing an additional 8,999 shares during the period. Finally, Engineers Gate Manager LP increased its stake in Watts Water Technologies by 1,196.5% during the first quarter. Engineers Gate Manager LP now owns 49,357 shares of the technology company’s stock valued at $6,890,000 after purchasing an additional 45,550 shares during the period. 75.09% of the shares are currently held by institutional investors.

Watts Water Technologies stock performance

Shares of WTS stock opened at $130.23 on Friday. The company’s 50-day moving average price is $134.97 and its 200-day moving average price is $132.08. Watts Water Technologies has a 12-month low of $116.31 and a 12-month high of $212.00. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.40 and a beta of 0.97. The company has a current ratio of 2.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.17.

Watts Water Technologies (NYSE:WTS – Get Rating) last announced its quarterly results on Wednesday, August 3rd. The technology company reported earnings per share of $2.11 for the quarter, beating analysts’ consensus estimate of $1.63 by $0.48. Watts Water Technologies had a return on equity of 18.95% and a net margin of 10.98%. The company had revenue of $526.60 million for the quarter, compared to analyst estimates of $488.73 million. Equity analysts are forecasting that Watts Water Technologies will post 6.75 EPS for the year to date.

Watts Water Technologies announces dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Registered investors received a dividend of $0.30 per share on Thursday, September 1st. The ex-dividend date of this dividend was Wednesday August 31st. That equates to an annualized dividend of $1.20 and a dividend yield of 0.92%. Watts Water Technologies’ payout percentage is 19.26%.

Company profile of Watts Water Technologies

(get rating)

Watts Water Technologies, Inc designs, manufactures and markets products, solutions and systems that control and conserve the flow of fluids and energy in, through and out of buildings in the commercial and residential markets in the Americas, Europe and Asia Pacific , the Middle East and Africa. The Company offers residential and commercial flow control products including check valves, water pressure regulators, temperature and pressure relief valves and thermostatic mixing valves.

See also

Analyst Recommendations for Watts Water Technologies (NYSE:WTS)

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