Watts Water Technologies (NYSE:WTS) was upgraded by research analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

WTS has been the topic of a number of other research reports. ValuEngine lowered Watts Water Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research lowered Watts Water Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. Boenning Scattergood reaffirmed a “hold” rating on shares of Watts Water Technologies in a research note on Monday, November 5th. Finally, Oppenheimer reissued a “hold” rating on shares of Watts Water Technologies in a research note on Sunday, November 4th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Watts Water Technologies presently has a consensus rating of “Hold” and a consensus price target of $90.80.

WTS opened at $71.80 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 1.33 and a debt-to-equity ratio of 0.40. The firm has a market cap of $2.51 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.83 and a beta of 1.16. Watts Water Technologies has a 52 week low of $67.29 and a 52 week high of $93.35.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Friday, November 2nd. The technology company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $390.90 million for the quarter, compared to analyst estimates of $380.00 million. Watts Water Technologies had a return on equity of 14.43% and a net margin of 6.05%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. Equities analysts predict that Watts Water Technologies will post 3.73 earnings per share for the current fiscal year.

In other Watts Water Technologies news, Director Joseph T. Noonan sold 2,653 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $76.00, for a total value of $201,628.00. Following the sale, the director now directly owns 2,109 shares of the company’s stock, valued at approximately $160,284. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Elie Melhem sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $74.42, for a total value of $74,420.00. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. acquired a new position in shares of Watts Water Technologies in the 2nd quarter valued at about $102,000. Fort L.P. acquired a new position in shares of Watts Water Technologies in the 2nd quarter valued at about $108,000. Point72 Hong Kong Ltd acquired a new position in shares of Watts Water Technologies in the 3rd quarter valued at about $135,000. Compton Capital Management Inc. RI acquired a new position in shares of Watts Water Technologies in the 3rd quarter valued at about $203,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Watts Water Technologies in the 2nd quarter valued at about $212,000. 76.07% of the stock is currently owned by hedge funds and other institutional investors.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

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Analyst Recommendations for Watts Water Technologies (NYSE:WTS)

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