Stifel Nicolaus reaffirmed their buy rating on shares of Watts Water Technologies (NYSE:WTS) in a research report sent to investors on Thursday morning. They currently have a $85.00 target price on the technology company’s stock.

Several other equities analysts also recently commented on the stock. Boenning Scattergood reissued a buy rating on shares of Watts Water Technologies in a report on Monday, November 20th. Seaport Global Securities reissued a neutral rating on shares of Watts Water Technologies in a report on Friday, November 3rd. KeyCorp restated a hold rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. Robert W. Baird boosted their price target on shares of Watts Water Technologies from $71.00 to $76.00 and gave the stock a neutral rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research cut shares of Watts Water Technologies from a buy rating to a hold rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Watts Water Technologies has an average rating of Hold and an average target price of $73.83.

Watts Water Technologies (NYSE:WTS) opened at $75.20 on Thursday. Watts Water Technologies has a 1-year low of $59.15 and a 1-year high of $76.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70. The company has a market cap of $2,567.93, a price-to-earnings ratio of 25.75, a PEG ratio of 2.08 and a beta of 1.15.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, November 1st. The technology company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The firm had revenue of $347.70 million for the quarter, compared to the consensus estimate of $361.22 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. research analysts expect that Watts Water Technologies will post 3.01 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, November 30th. Watts Water Technologies’s dividend payout ratio is presently 28.15%.

In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $73.09, for a total transaction of $288,778.59. Following the transaction, the chief executive officer now owns 137,474 shares in the company, valued at $10,047,974.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elie Melhem sold 2,545 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total transaction of $179,371.60. The disclosure for this sale can be found here. Insiders sold 18,348 shares of company stock worth $1,339,628 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of WTS. Impax Asset Management LTD increased its position in Watts Water Technologies by 7.8% during the third quarter. Impax Asset Management LTD now owns 2,730,009 shares of the technology company’s stock valued at $188,917,000 after acquiring an additional 196,626 shares during the last quarter. Victory Capital Management Inc. increased its position in Watts Water Technologies by 29.0% during the third quarter. Victory Capital Management Inc. now owns 771,208 shares of the technology company’s stock valued at $53,367,000 after acquiring an additional 173,225 shares during the last quarter. Renaissance Technologies LLC increased its position in Watts Water Technologies by 139.1% during the second quarter. Renaissance Technologies LLC now owns 206,800 shares of the technology company’s stock valued at $13,070,000 after acquiring an additional 120,300 shares during the last quarter. Voya Investment Management LLC increased its position in Watts Water Technologies by 9.8% during the second quarter. Voya Investment Management LLC now owns 759,287 shares of the technology company’s stock valued at $47,987,000 after acquiring an additional 67,767 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in Watts Water Technologies by 21.1% during the second quarter. TimesSquare Capital Management LLC now owns 362,960 shares of the technology company’s stock valued at $22,939,000 after acquiring an additional 63,200 shares during the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.watchlistnews.com/watts-water-technologies-wts-earns-buy-rating-from-stifel-nicolaus/1769645.html.

Watts Water Technologies Company Profile

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.

Analyst Recommendations for Watts Water Technologies (NYSE:WTS)

Receive News & Ratings for Watts Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.