Watts Water Technologies, Inc. (WTS) Rating Reiterated by KeyCorp

KeyCorp reiterated their hold rating on shares of Watts Water Technologies, Inc. (NYSE:WTS) in a report published on Friday, November 3rd. KeyCorp also issued estimates for Watts Water Technologies’ FY2017 earnings at $3.00 EPS and FY2018 earnings at $3.30 EPS.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus reiterated a buy rating and set a $79.00 target price on shares of Watts Water Technologies in a research note on Friday, November 3rd. Northcoast Research upgraded shares of Watts Water Technologies from a neutral rating to a buy rating and set a $79.00 price objective for the company in a research note on Monday, September 18th. Zacks Investment Research upgraded shares of Watts Water Technologies from a hold rating to a buy rating and set a $79.00 price objective for the company in a research note on Tuesday, October 3rd. Boenning Scattergood reaffirmed a buy rating on shares of Watts Water Technologies in a report on Thursday, November 2nd. Finally, Robert W. Baird reaffirmed a hold rating and issued a $71.00 target price on shares of Watts Water Technologies in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $72.83.

Shares of Watts Water Technologies (WTS) traded down $0.60 on Friday, reaching $72.50. 72,003 shares of the company were exchanged, compared to its average volume of 127,886. Watts Water Technologies has a 52-week low of $59.15 and a 52-week high of $73.40. The stock has a market capitalization of $2,467.19, a P/E ratio of 24.74, a PEG ratio of 2.00 and a beta of 1.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70.

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

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.19 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.05%. Watts Water Technologies’s dividend payout ratio is 28.15%.

In other Watts Water Technologies news, insider Elie Melhem sold 3,306 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $62.11, for a total transaction of $205,335.66. Following the sale, the insider now directly owns 32,128 shares in the company, valued at approximately $1,995,470.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its holdings in shares of Watts Water Technologies by 171.1% in the third quarter. GSA Capital Partners LLP now owns 13,404 shares of the technology company’s stock valued at $928,000 after purchasing an additional 8,459 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Watts Water Technologies by 5.7% in the third quarter. California Public Employees Retirement System now owns 77,160 shares of the technology company’s stock valued at $5,339,000 after buying an additional 4,160 shares in the last quarter. OxFORD Asset Management LLP grew its stake in shares of Watts Water Technologies by 18.5% in the third quarter. OxFORD Asset Management LLP now owns 41,871 shares of the technology company’s stock valued at $2,903,000 after buying an additional 6,526 shares in the last quarter. KBC Group NV grew its stake in shares of Watts Water Technologies by 5.8% in the third quarter. KBC Group NV now owns 65,525 shares of the technology company’s stock valued at $4,534,000 after buying an additional 3,605 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Watts Water Technologies by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 992,272 shares of the technology company’s stock valued at $68,667,000 after buying an additional 38,374 shares in the last quarter. Institutional investors own 79.00% of the company’s stock.

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)

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