Watts Water Technologies, Inc. (NYSE:WTS – Get Free Report) has received an average rating of “Hold” from the eleven research firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $367.70.
Several equities research analysts recently commented on WTS shares. KeyCorp lifted their target price on shares of Watts Water Technologies from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Robert W. Baird set a $405.00 price target on shares of Watts Water Technologies in a research note on Friday, August 7th. Royal Bank Of Canada raised their price target on shares of Watts Water Technologies from $350.00 to $417.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $358.00 price target on shares of Watts Water Technologies in a report on Friday, May 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $374.00 price objective on shares of Watts Water Technologies in a research note on Friday, August 7th.
Get Our Latest Analysis on Watts Water Technologies
Insider Activity at Watts Water Technologies
Hedge Funds Weigh In On Watts Water Technologies
Hedge funds have recently made changes to their positions in the stock. Wexford Capital LP bought a new stake in Watts Water Technologies in the third quarter valued at approximately $26,000. Acumen Wealth Advisors LLC bought a new position in Watts Water Technologies during the 4th quarter worth approximately $28,000. Advisory Services Network LLC bought a new position in Watts Water Technologies during the 3rd quarter worth approximately $29,000. Clearstead Advisors LLC lifted its position in shares of Watts Water Technologies by 69.4% in the 4th quarter. Clearstead Advisors LLC now owns 105 shares of the technology company’s stock worth $29,000 after purchasing an additional 43 shares during the period. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Watts Water Technologies in the 4th quarter worth approximately $29,000. 95.02% of the stock is currently owned by institutional investors.
Watts Water Technologies Stock Performance
Shares of WTS stock opened at $384.69 on Monday. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 3.17 and a beta of 1.15. The company has a current ratio of 2.66, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $353.44 and its 200-day moving average price is $322.50. Watts Water Technologies has a 12 month low of $260.00 and a 12 month high of $394.54.
Watts Water Technologies (NYSE:WTS – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.32. The company had revenue of $763.10 million during the quarter, compared to the consensus estimate of $725.99 million. Watts Water Technologies had a return on equity of 19.16% and a net margin of 14.34%.The firm’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.09 earnings per share. Equities research analysts forecast that Watts Water Technologies will post 12.81 EPS for the current year.
Watts Water Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.52 annualized dividend and a yield of 0.7%. Watts Water Technologies’s payout ratio is presently 22.01%.
About Watts Water Technologies
Watts Water Technologies, Inc is a global manufacturer and distributor of flow control products and solutions designed to ensure the safe, efficient delivery and use of water. Founded in 1874 and headquartered in North Andover, Massachusetts, the company has built a reputation for engineering innovation in residential, commercial and industrial plumbing, heating, cooling and water treatment systems. Watts operates through a comprehensive portfolio of brands and product lines that address application-specific requirements in water safety, pressure regulation, flow control and filtration.
The company’s product offerings span backflow preventers, pressure reducing valves, relief valves and steam traps, as well as hydronic balancing and temperature control devices for heating systems.
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