Northcoast Research Analysts Give Watts Water Technologies (NYSE:WTS) a $90.00 Price Target

Watts Water Technologies (NYSE:WTS) received a $90.00 price objective from investment analysts at Northcoast Research in a report issued on Friday, January 19th. The firm presently has a “buy” rating on the technology company’s stock. Northcoast Research’s price target suggests a potential upside of 18.66% from the stock’s current price.

A number of other equities analysts have also recently weighed in on WTS. Cowen reissued a “hold” rating and issued a $58.00 price objective on shares of Watts Water Technologies in a research report on Thursday, September 28th. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Tuesday, October 3rd. Robert W. Baird restated a “hold” rating and issued a $71.00 price target on shares of Watts Water Technologies in a research note on Wednesday, October 4th. Boenning Scattergood reiterated a “buy” rating on shares of Watts Water Technologies in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $79.00 price objective on shares of Watts Water Technologies in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $78.00.

Shares of Watts Water Technologies (NYSE WTS) traded up $0.25 on Friday, reaching $75.85. The company’s stock had a trading volume of 222,881 shares, compared to its average volume of 123,541. The firm has a market cap of $2,526.95, a P/E ratio of 35.78, a PEG ratio of 1.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70. Watts Water Technologies has a 52 week low of $59.15 and a 52 week high of $82.35.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $366.30 million during the quarter, compared to the consensus estimate of $365.35 million. Watts Water Technologies had a return on equity of 13.07% and a net margin of 5.02%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. research analysts anticipate that Watts Water Technologies will post 3.44 earnings per share for the current year.

In other Watts Water Technologies news, insider Elie Melhem sold 2,545 shares of Watts Water Technologies stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total transaction of $179,371.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of Watts Water Technologies stock in a transaction on Friday, December 8th. The shares were sold at an average price of $73.53, for a total transaction of $871,477.56. Following the sale, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at approximately $10,108,463.22. The disclosure for this sale can be found here. Insiders sold a total of 18,348 shares of company stock valued at $1,339,628 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Several large investors have recently modified their holdings of WTS. Schwab Charles Investment Management Inc. raised its holdings in shares of Watts Water Technologies by 3.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 177,495 shares of the technology company’s stock valued at $11,218,000 after purchasing an additional 5,340 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Watts Water Technologies by 6.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 106,085 shares of the technology company’s stock valued at $6,704,000 after purchasing an additional 6,293 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Watts Water Technologies by 44.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock valued at $109,000 after purchasing an additional 532 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Watts Water Technologies by 5.2% during the 2nd quarter. Teachers Advisors LLC now owns 49,559 shares of the technology company’s stock valued at $3,132,000 after purchasing an additional 2,463 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in shares of Watts Water Technologies by 0.8% during the 2nd 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. 78.21% of the stock is owned by institutional investors.

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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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