2 weeks Ago By Defense World Staff
Watts Water Technologies (NYSE:WTS – Get Free Report) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has a $229.00 target price on the technology company’s stock, up from their prior target price of $219.
00. Stifel Nicolaus’ target price suggests a potential upside of 16.06% from the stock’s current price.
Several other brokerages have also recently weighed in on WTS. Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They set a “hold” rating and a $240.
00 price objective on the stock. The Goldman Sachs Group raised their target price on Watts Water Technologies from $197.00 to $217.
00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.
com, Watts Water Technologies has a consensus rating of “Moderate Buy” and an average price target of $222.00.Check Out Our Latest Stock Report on WTSWatts Water Technologies Stock Down 0.
1 %Shares of NYSE WTS opened at $197.32 on Wednesday. The company has a debt-to-equity ratio of 0.
12, a quick ratio of 1.65 and a current ratio of 2.59.
The company has a market capitalization of $6.57 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 3.
42 and a beta of 0.95. The company’s 50 day moving average price is $206.
96 and its 200-day moving average price is $207.09. Watts Water Technologies has a 52-week low of $175.
37 and a 52-week high of $232.60. Watts Water Technologies (NYSE:WTS – Get Free Report) last released its earnings results on Monday, February 10th.
The technology company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.
14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.
08%. Equities analysts forecast that Watts Water Technologies will post 9.08 earnings per share for the current year.
Insider Buying and SellingIn related news, insider Elie Melhem sold 4,397 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total transaction of $925,700.
41. Following the completion of the transaction, the insider now owns 10,469 shares in the company, valued at $2,204,038.57.
This represents a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
1.10% of the stock is owned by corporate insiders. Institutional Investors Weigh In On Watts Water TechnologiesA number of large investors have recently modified their holdings of WTS.
UMB Bank n.a. boosted its holdings in shares of Watts Water Technologies by 59.
8% during the 4th quarter. UMB Bank n.a.
now owns 155 shares of the technology company’s stock valued at $32,000 after buying an additional 58 shares in the last quarter. Versant Capital Management Inc raised its position in Watts Water Technologies by 57.3% in the first quarter.
Versant Capital Management Inc now owns 225 shares of the technology company’s stock worth $46,000 after acquiring an additional 82 shares during the period. Headlands Technologies LLC lifted its position in shares of Watts Water Technologies by 329.1% during the 4th quarter.
Headlands Technologies LLC now owns 236 shares of the technology company’s stock valued at $48,000 after buying an additional 181 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Watts Water Technologies by 80.5% during the 1st quarter.
GAMMA Investing LLC now owns 278 shares of the technology company’s stock valued at $57,000 after buying an additional 124 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Watts Water Technologies by 45.0% during the 1st quarter.
Parallel Advisors LLC now owns 293 shares of the technology company’s stock valued at $60,000 after purchasing an additional 91 shares during the period. Institutional investors own 95.02% of the company’s stock.
Watts Water Technologies Company Profile (Get Free Report)Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.See AlsoFive stocks we like better than Watts Water TechnologiesTrading Stocks: RSI and Why it’s UsefulTariff Exemptions Set the Stage for a Taiwan Semiconductor RallyWhere to Find Earnings Call TranscriptsMitigating Tariffs: 3 Stocks to Gain From a Weaker U.S.
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