Watts Water Technologies, Inc. (NYSE:WTS) Given Consensus Rating of “Hold” by Analysts

Shares of Watts Water Technologies, Inc. (NYSE:WTSGet Rating) have earned a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $134.00.

WTS has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on Watts Water Technologies from $133.00 to $132.00 and set a “hold” rating on the stock in a research report on Tuesday, October 11th. StockNews.com initiated coverage on Watts Water Technologies in a research note on Wednesday, October 12th. They set a “buy” rating for the company. The Goldman Sachs Group increased their price target on Watts Water Technologies from $129.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Watts Water Technologies from $148.00 to $155.00 in a research note on Monday, November 7th.

Watts Water Technologies Stock Down 0.5 %

WTS opened at $155.92 on Thursday. Watts Water Technologies has a 12 month low of $116.31 and a 12 month high of $207.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.47 and a quick ratio of 1.36. The stock has a market cap of $5.19 billion, a P/E ratio of 23.59, a P/E/G ratio of 2.70 and a beta of 1.01. The stock’s 50 day moving average price is $134.78 and its 200 day moving average price is $133.54.

Watts Water Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Wednesday, November 30th. Watts Water Technologies’s dividend payout ratio is presently 18.15%.

Insider Transactions at Watts Water Technologies

In other news, insider Elie Melhem sold 240 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $149.33, for a total transaction of $35,839.20. Following the completion of the sale, the insider now directly owns 12,063 shares of the company’s stock, valued at approximately $1,801,367.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Watts Water Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC acquired a new stake in shares of Watts Water Technologies in the second quarter worth $25,000. Covestor Ltd raised its holdings in shares of Watts Water Technologies by 80.4% during the first quarter. Covestor Ltd now owns 184 shares of the technology company’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Castle Wealth Management LLC acquired a new stake in Watts Water Technologies during the second quarter valued at $30,000. Janiczek Wealth Management LLC boosted its position in Watts Water Technologies by 1,981.8% during the second quarter. Janiczek Wealth Management LLC now owns 229 shares of the technology company’s stock valued at $32,000 after purchasing an additional 218 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in Watts Water Technologies during the second quarter valued at $32,000. Institutional investors and hedge funds own 75.09% of the company’s stock.

About Watts Water Technologies

(Get Rating)

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

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