Watts Water Technologies (WTS) Given a $90.00 Price Target at Northcoast Research

Watts Water Technologies (NYSE:WTS) received a $90.00 price objective from analysts at Northcoast Research in a report issued on Friday. The firm presently has a “buy” rating on the technology company’s stock. Northcoast Research’s target price suggests a potential upside of 11.80% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and set a $95.00 price objective (up previously from $85.00) on shares of Watts Water Technologies in a report on Tuesday, January 16th. Boenning Scattergood restated a “buy” rating on shares of Watts Water Technologies in a report on Monday, November 20th. Seaport Global Securities restated a “neutral” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. KeyCorp restated a “hold” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. Finally, Robert W. Baird boosted their price objective on shares of Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $77.33.

Watts Water Technologies (NYSE:WTS) opened at $80.50 on Friday. The stock has a market cap of $2,750.00, a P/E ratio of 29.93, a P/E/G ratio of 1.96 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. Watts Water Technologies has a 1-year low of $59.15 and a 1-year high of $80.55.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.03. The firm had revenue of $347.70 million during the quarter, compared to analysts’ expectations of $361.22 million. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share. equities analysts forecast that Watts Water Technologies will post 3.01 EPS for the current year.

In other news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $73.09, for a total value of $288,778.59. Following the completion of the transaction, the chief executive officer now owns 137,474 shares in the company, valued at $10,047,974.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elie Melhem sold 2,545 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total transaction of $179,371.60. The disclosure for this sale can be found here. Insiders sold 18,348 shares of company stock valued at $1,339,628 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in WTS. Riverhead Capital Management LLC boosted its holdings in shares of Watts Water Technologies by 44.3% in the second quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock valued at $109,000 after buying an additional 532 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Watts Water Technologies by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock valued at $129,000 after buying an additional 17 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Watts Water Technologies by 823.9% in the second quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock valued at $144,000 after buying an additional 2,035 shares during the period. Ballentine Partners LLC acquired a new position in shares of Watts Water Technologies in the third quarter valued at approximately $200,000. Finally, Suntrust Banks Inc. boosted its holdings in shares of Watts Water Technologies by 1.0% in the second quarter. Suntrust Banks Inc. now owns 3,290 shares of the technology company’s stock valued at $207,000 after buying an additional 31 shares during the period. Institutional investors own 77.68% of the company’s stock.

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About Watts Water Technologies

Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.

Analyst Recommendations for Watts Water Technologies (NYSE:WTS)

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