Stifel Nicolaus Increases Watts Water Technologies (NYSE:WTS) Price Target to $219.00

Watts Water Technologies (NYSE:WTS) had its target price increased by equities researchers at Stifel Nicolaus from $218.00 to $219.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price target indicates a potential downside of 0.42% from the company’s previous close.

Several other analysts have also recently weighed in on WTS. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Watts Water Technologies in a report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $220.00.

Watts Water Technologies Stock Performance

NYSE:WTS opened at $219.93 on Wednesday. The firm has a market capitalization of $7.33 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 3.39 and a beta of 0.93. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. Watts Water Technologies has a 12-month low of $175.37 and a 12-month high of $232.60. The firm has a 50-day moving average price of $208.24 and a 200 day moving average price of $203.41.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. Research analysts anticipate that Watts Water Technologies will post 8.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WTS. Andina Capital Management LLC grew its position in shares of Watts Water Technologies by 3.3% during the 3rd quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock worth $342,000 after buying an additional 52 shares during the period. Arizona State Retirement System boosted its stake in Watts Water Technologies by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,950 shares of the technology company’s stock valued at $1,616,000 after acquiring an additional 56 shares during the last quarter. UMB Bank n.a. grew its holdings in Watts Water Technologies by 59.8% during the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock worth $32,000 after acquiring an additional 58 shares during the period. Cerity Partners LLC raised its position in shares of Watts Water Technologies by 0.5% during the 4th quarter. Cerity Partners LLC now owns 12,410 shares of the technology company’s stock valued at $2,541,000 after acquiring an additional 58 shares during the last quarter. Finally, Portside Wealth Group LLC lifted its stake in shares of Watts Water Technologies by 2.5% in the 3rd quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company’s stock valued at $517,000 after purchasing an additional 60 shares during the period. 95.02% of the stock is currently owned by institutional investors.

Watts Water Technologies Company Profile

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.