Stifel Nicolaus Issues Positive Forecast for Watts Water Technologies (NYSE:WTS) Stock Price

Watts Water Technologies (NYSE:WTS) had its price target lifted by equities research analysts at Stifel Nicolaus from $218.00 to $219.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ target price points to a potential upside of 0.32% from the company’s current price.

WTS has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price objective for the company. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Watts Water Technologies currently has an average rating of “Hold” and an average target price of $220.75.

Watts Water Technologies Stock Performance

Shares of WTS stock traded down $6.36 during trading hours on Wednesday, reaching $218.31. 46,366 shares of the company traded hands, compared to its average volume of 165,210. The company has a market cap of $7.28 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.39 and a beta of 0.93. 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 $208.15 and a 200 day moving average price of $203.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that Watts Water Technologies will post 8.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Watts Water Technologies during the third quarter valued at approximately $30,000. UMB Bank n.a. grew its position in Watts Water Technologies by 59.8% in the 4th quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock valued at $32,000 after acquiring an additional 58 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Watts Water Technologies in the third quarter worth $68,000. CWM LLC lifted its position in shares of Watts Water Technologies by 24.4% during the third quarter. CWM LLC now owns 392 shares of the technology company’s stock worth $81,000 after purchasing an additional 77 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Watts Water Technologies by 99.3% in the 3rd quarter. Blue Trust Inc. now owns 544 shares of the technology company’s stock valued at $113,000 after buying an additional 271 shares during the period. 95.02% of the stock is owned by hedge funds and other 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.