Watts Water Technologies (NYSE:WTS) Downgraded by Wall Street Zen to Hold

Posted by George Bondi on Oct 18th, 2026

Wall Street Zen downgraded shares of Watts Water Technologies (NYSE:WTS – Free Report) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

WTS has been the topic of several other research reports. Robert W. Baird set a $405.00 target price on Watts Water Technologies in a research report on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $374.00 price objective on shares of Watts Water Technologies in a research report on Friday, August 7th. Weiss Ratings raised shares of Watts Water Technologies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. Barclays boosted their price objective on shares of Watts Water Technologies from $414.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, KeyCorp raised their price target on shares of Watts Water Technologies from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $367.70.

Read Our Latest Report on WTS

Watts Water Technologies Price Performance

Watts Water Technologies stock opened at $356.98 on Friday. The company’s 50 day moving average price is $362.13 and its two-hundred day moving average price is $337.67. The stock has a market cap of $11.92 billion, a P/E ratio of 31.18, a P/E/G ratio of 3.46 and a beta of 1.15. Watts Water Technologies has a 52 week low of $260.00 and a 52 week high of $394.54. The company has a quick ratio of 1.60, a current ratio of 2.66 and a debt-to-equity ratio of 0.05.

Watts Water Technologies (NYSE:WTS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $3.66 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.32. The business had revenue of $763.20 million for the quarter, compared to analyst estimates of $725.99 million. Watts Water Technologies had a return on equity of 19.16% and a net margin of 14.34%. Watts Water Technologies’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the company posted $3.09 earnings per share. On average, equities analysts predict that Watts Water Technologies will post 12.87 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 1st. Watts Water Technologies’s dividend payout ratio is 22.01%.

Insider Buying and Selling

In related news, Director Joseph Noonan sold 3,650 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $353.72, for a total value of $1,291,078.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Elie Melhem sold 1,096 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $359.55, for a total transaction of $394,066.80. Following the completion of the transaction, the insider directly owned 7,867 shares in the company, valued at $2,828,579.85. The trade was a 12.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Watts Water Technologies

Large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in shares of Watts Water Technologies by 6.7% in the first quarter. First Trust Advisors LP now owns 545,404 shares of the technology company’s stock worth $158,325,000 after buying an additional 34,381 shares during the period. Lazard Asset Management LLC boosted its position in Watts Water Technologies by 79.8% during the 1st quarter. Lazard Asset Management LLC now owns 218,832 shares of the technology company’s stock valued at $63,525,000 after buying an additional 97,115 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Watts Water Technologies by 20,071.4% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 141,200 shares of the technology company’s stock valued at $40,989,000 after buying an additional 140,500 shares during the period. Renaissance Technologies LLC boosted its position in Watts Water Technologies by 58.7% during the 1st quarter. Renaissance Technologies LLC now owns 135,140 shares of the technology company’s stock valued at $39,230,000 after buying an additional 49,960 shares during the period. Finally, Bank of America Corp DE grew its holdings in Watts Water Technologies by 21.1% in the 1st quarter. Bank of America Corp DE now owns 133,817 shares of the technology company’s stock worth $38,846,000 after acquiring an additional 23,300 shares during the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.

About Watts Water Technologies

(Get Free Report)

Watts Water Technologies, Inc designs and manufactures products that help manage the safety, efficiency, and quality of water in residential, commercial, institutional, and industrial systems. Its offerings are used in plumbing, heating, water distribution, and drainage applications.

The company’s product portfolio includes backflow prevention devices, pressure regulators, safety and relief valves, water quality and conditioning equipment, leak detection products, drainage systems, and hydronic and HVAC components.