Watts Water Technologies (WTS) Given Hold Rating at Robert W. Baird

Robert W. Baird restated their hold rating on shares of Watts Water Technologies (NYSE:WTS) in a report published on Wednesday. The brokerage currently has a $80.00 price target on the technology company’s stock.

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus reaffirmed a buy rating and issued a $90.00 price target (down previously from $95.00) on shares of Watts Water Technologies in a report on Wednesday. Janney Montgomery Scott raised Watts Water Technologies from a neutral rating to a buy rating in a report on Wednesday. TheStreet cut Watts Water Technologies from a b+ rating to a c+ rating in a report on Monday, February 12th. Zacks Investment Research raised Watts Water Technologies from a hold rating to a buy rating and set a $84.00 price target for the company in a report on Saturday, February 10th. Finally, Northcoast Research set a $90.00 target price on Watts Water Technologies and gave the company a buy rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Watts Water Technologies presently has an average rating of Hold and an average price target of $78.00.

Watts Water Technologies (NYSE WTS) opened at $77.15 on Wednesday. The firm has a market capitalization of $2,630.00, a PE ratio of 36.39, a P/E/G ratio of 1.78 and a beta of 1.13. Watts Water Technologies has a fifty-two week low of $59.15 and a fifty-two week high of $82.35. The company has a quick ratio of 1.70, a current ratio of 2.39 and a debt-to-equity ratio of 0.57.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Monday, February 12th. The technology company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $366.30 million during the quarter, compared to analysts’ expectations of $365.35 million. Watts Water Technologies had a return on equity of 12.93% and a net margin of 5.02%. Watts Water Technologies’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. analysts forecast that Watts Water Technologies will post 3.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.99%. Watts Water Technologies’s payout ratio is currently 35.85%.

In other news, CEO Robert J. Pagano, Jr. sold 11,852 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $73.53, for a total value of $871,477.56. Following the completion of the sale, the chief executive officer now directly owns 137,474 shares in the company, valued at $10,108,463.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief executive officer now owns 137,474 shares of the company’s stock, valued at $10,047,974.66. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its position 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 purchasing an additional 17 shares in the last quarter. Suntrust Banks Inc. grew its position 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 purchasing an additional 31 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of Watts Water Technologies by 0.8% in the second quarter. Nationwide Fund Advisors now owns 17,452 shares of the technology company’s stock valued at $1,103,000 after purchasing an additional 131 shares in the last quarter. Koch Industries Inc. grew its position in shares of Watts Water Technologies by 22.0% in the fourth quarter. Koch Industries Inc. now owns 3,821 shares of the technology company’s stock valued at $290,000 after purchasing an additional 690 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Watts Water Technologies by 5.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 16,396 shares of the technology company’s stock valued at $1,245,000 after purchasing an additional 917 shares in the last quarter. Institutional investors and hedge funds own 78.21% of the company’s stock.

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Watts Water Technologies Company Profile

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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