Stifel Nicolaus Reaffirms Buy Rating for Watts Water Technologies (WTS)

Watts Water Technologies (NYSE:WTS)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a report released on Tuesday, January 16th, Marketbeat.com reports. They currently have a $95.00 price objective on the technology company’s stock, up from their previous price objective of $85.00. Stifel Nicolaus’ price target indicates a potential upside of 30.49% from the company’s current price.

Other analysts also recently issued reports about the stock. Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Monday, September 18th. Boenning Scattergood restated a “buy” rating on shares of Watts Water Technologies in a research report on Monday, November 20th. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Tuesday, October 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $71.00 target price on shares of Watts Water Technologies in a research note on Wednesday, October 4th. Finally, Cowen reaffirmed a “hold” rating and set a $58.00 target price on shares of Watts Water Technologies in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Watts Water Technologies has an average rating of “Hold” and a consensus price target of $78.17.

Shares of Watts Water Technologies (NYSE WTS) traded up $0.35 during mid-day trading on Tuesday, hitting $72.80. 193,125 shares of the stock traded hands, compared to its average volume of 105,412. The company has a market cap of $2,490.00, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. Watts Water Technologies has a 12-month low of $59.15 and a 12-month high of $82.35. The company has a quick ratio of 1.70, a current ratio of 2.57 and a debt-to-equity ratio of 0.60.

In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 3,951 shares of Watts Water Technologies stock in a transaction 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 directly owns 137,474 shares of the company’s stock, valued at approximately $10,047,974.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of Watts Water Technologies stock in a transaction on Friday, December 8th. The stock was sold at an average price of $73.53, for a total transaction of $871,477.56. Following the completion of the transaction, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at $10,108,463.22. The disclosure for this sale can be found here. Insiders have sold 18,348 shares of company stock valued at $1,339,628 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Riverhead Capital Management LLC grew its stake in shares of Watts Water Technologies by 44.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock worth $109,000 after buying an additional 532 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Watts Water Technologies in the 4th quarter worth $112,000. Acrospire Investment Management LLC grew its stake in shares of Watts Water Technologies by 157.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock worth $114,000 after buying an additional 1,100 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Watts Water Technologies by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after buying an additional 17 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Watts Water Technologies by 823.9% in the 2nd quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock worth $144,000 after buying an additional 2,035 shares in the last quarter. 77.75% of the stock is owned by institutional investors and hedge funds.

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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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