Watts Water Technologies Inc (WTS) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Watts Water Technologies Inc (NYSE:WTS) have received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $80.40.
Several research analysts have recently issued reports on WTS shares. Robert W. Baird restated a “hold” rating and issued a $80.00 price target on shares of Watts Water Technologies in a research report on Wednesday, February 14th. Zacks Investment Research upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Monday, January 22nd. Janney Montgomery Scott upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 14th. Northcoast Research set a $90.00 price target on Watts Water Technologies and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $95.00 price target (up from $85.00) on shares of Watts Water Technologies in a research report on Tuesday, January 16th.
Watts Water Technologies (NYSE:WTS) opened at $80.15 on Wednesday. Watts Water Technologies has a 12-month low of $59.15 and a 12-month high of $84.25. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.39 and a quick ratio of 1.60. The stock has a market capitalization of $2,740.00, a price-to-earnings ratio of 45.28, a PEG ratio of 1.84 and a beta of 1.14.
The firm 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 is Thursday, March 1st. This represents a $0.76 annualized dividend and a yield of 0.95%. Watts Water Technologies’s dividend payout ratio is presently 42.94%.
In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 10,168 shares of Watts Water Technologies stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $77.00, for a total transaction of $782,936.00. Following the transaction, the insider now directly owns 39,832 shares in the company, valued at $3,067,064. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Todd A. Trapp sold 8,975 shares of Watts Water Technologies stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $75.88, for a total value of $681,023.00. Following the transaction, the chief financial officer now owns 26,129 shares in the company, valued at $1,982,668.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,344 shares of company stock worth $3,239,332. Corporate insiders own 1.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. SeaCrest Wealth Management LLC bought a new position in Watts Water Technologies during the fourth quarter worth about $112,000. Public Employees Retirement System of Ohio lifted its holdings in Watts Water Technologies by 0.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after acquiring an additional 17 shares in the last quarter. Xact Kapitalforvaltning AB bought a new position in Watts Water Technologies during the fourth quarter worth about $224,000. Sawgrass Asset Management LLC bought a new position in Watts Water Technologies during the fourth quarter worth about $270,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Watts Water Technologies during the third quarter worth about $251,000. Hedge funds and other institutional investors own 77.19% 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.
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