Brokerages Set Watts Water Technologies, Inc. (NYSE:WTS) Price Target at $220.00

Shares of Watts Water Technologies, Inc. (NYSE:WTS - Get Free Report) have been given an average rating of "Hold" by the five research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $220.00.

Several equities research analysts have recently weighed in on the company. Northcoast Research raised Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price target for the company in a research note on Monday, November 4th. Stifel Nicolaus upped their target price on shares of Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a report on Wednesday. The Goldman Sachs Group raised their price target on shares of Watts Water Technologies from $197.00 to $217.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Watts Water Technologies in a research report on Tuesday, December 17th. They set a "hold" rating and a $240.00 target price for the company.

Watts Water Technologies Trading Down 2.8 %

Shares of Watts Water Technologies stock traded down $6.18 during trading on Wednesday, hitting $213.89. 225,090 shares of the company were exchanged, compared to its average volume of 155,084. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.55 and a quick ratio of 1.55. The firm's fifty day moving average price is $208.31 and its 200 day moving average price is $203.57. Watts Water Technologies has a 1-year low of $175.37 and a 1-year high of $232.60. The firm has a market capitalization of $7.13 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 3.39 and a beta of 0.93.

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

Watts Water Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.80%. Watts Water Technologies's dividend payout ratio is currently 20.62%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WTS. Andina Capital Management LLC boosted its holdings in shares of Watts Water Technologies by 3.3% in the 3rd quarter. Andina Capital Management LLC now owns 1,650 shares of the technology company's stock valued at $342,000 after buying an additional 52 shares in the last quarter. Arizona State Retirement System boosted its stake 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 valued at $1,616,000 after acquiring an additional 56 shares in the last quarter. UMB Bank n.a. grew its holdings in Watts Water Technologies by 59.8% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company's stock worth $32,000 after purchasing an additional 58 shares during the last quarter. Cerity Partners LLC increased its position in shares of Watts Water Technologies by 0.5% during the fourth quarter. Cerity Partners LLC now owns 12,410 shares of the technology company's stock worth $2,541,000 after purchasing an additional 58 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its holdings in shares of Watts Water Technologies by 2.5% during the 3rd quarter. Portside Wealth Group LLC now owns 2,496 shares of the technology company's stock valued at $517,000 after purchasing an additional 60 shares during the last quarter. 95.02% of the stock is currently 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.