Watts Water Technologies, Inc. (NYSE:WTS) Receives $220.00 Consensus Target Price from Brokerages

Watts Water Technologies, Inc. (NYSE:WTS) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $220.00.

WTS has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on Watts Water Technologies from $218.00 to $219.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On Watts Water Technologies

Hedge funds have recently added to or reduced their stakes in the company. Andina Capital Management LLC grew its position in Watts Water Technologies by 3.3% in the third quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company’s stock worth $342,000 after acquiring an additional 52 shares in the last quarter. Arizona State Retirement System boosted its holdings 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 worth $1,616,000 after purchasing an additional 56 shares in the last quarter. UMB Bank n.a. increased its position in Watts Water Technologies by 59.8% during the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock worth $32,000 after buying an additional 58 shares during the last quarter. Cerity Partners LLC raised its holdings in Watts Water Technologies by 0.5% during the fourth quarter. Cerity Partners LLC now owns 12,410 shares of the technology company’s stock valued at $2,541,000 after buying an additional 58 shares in the last quarter. Finally, Portside Wealth Group LLC raised its holdings in Watts Water Technologies by 2.5% during the third quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company’s stock valued at $517,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

Watts Water Technologies Trading Up 2.0 %

Watts Water Technologies stock opened at $218.14 on Wednesday. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 3.39 and a beta of 0.93. Watts Water Technologies has a 1 year low of $175.37 and a 1 year high of $232.60. The firm’s 50 day moving average price is $208.23 and its two-hundred day moving average price is $203.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55.

Watts Water Technologies (NYSE:WTS) last announced 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%. On average, research analysts predict that Watts Water Technologies will post 8.73 EPS for the current fiscal year.

Watts Water Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 0.79%. Watts Water Technologies’s dividend payout ratio is 19.79%.

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.