Watts Water Technologies (NYSE:WTS) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Watts Water Technologies (NYSE:WTS – Get Rating) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the technology company’s stock.

Several other research analysts have also recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Watts Water Technologies from $151.00 to $169.00 and gave the company a “neutral” rating in a report on Friday, February 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Watts Water Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $155.00 to $150.00 in a research note on Tuesday, January 10th. They noted that the move was a valuation call. Stifel Nicolaus increased their target price on shares of Watts Water Technologies from $145.00 to $146.00 and gave the stock a “hold” rating in a report on Friday, January 20th. Finally, Robert W. Baird raised their price target on shares of Watts Water Technologies from $144.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, February 10th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $147.50.

Watts Water Technologies Trading Down 2.5 %

NYSE:WTS opened at $162.84 on Thursday. The firm has a 50-day moving average price of $166.24 and a two-hundred day moving average price of $149.93. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01. Watts Water Technologies has a 52 week low of $116.31 and a 52 week high of $181.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.52 and a current ratio of 2.51.

Watts Water Technologies (NYSE:WTS – Get Rating) last issued its earnings results on Wednesday, February 8th. The technology company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The company had revenue of $501.90 million for the quarter, compared to analysts’ expectations of $489.21 million. Watts Water Technologies had a net margin of 12.70% and a return on equity of 19.75%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 EPS. On average, equities analysts expect that Watts Water Technologies will post 6.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Watts Water Technologies

Institutional investors have recently bought and sold shares of the business. SeaCrest Wealth Management LLC acquired a new stake in Watts Water Technologies during the 2nd quarter worth $25,000. Covestor Ltd boosted its position in shares of Watts Water Technologies by 80.4% during the 1st quarter. Covestor Ltd now owns 184 shares of the technology company’s stock valued at $26,000 after acquiring an additional 82 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Watts Water Technologies during the 4th quarter valued at about $27,000. Eagle Bay Advisors LLC purchased a new stake in Watts Water Technologies in the 2nd quarter valued at about $32,000. Finally, Private Trust Co. NA purchased a new stake in Watts Water Technologies in the 2nd quarter valued at about $34,000. 74.85% of the stock is owned by hedge funds and other institutional investors.

Watts Water Technologies Company Profile

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Watts Water Technologies, Inc engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and Asia-Pacific, Middle East and Africa. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks.