Watts Water Technologies, Inc. (NYSE:WTS) Receives $220.00 Consensus Target Price from Brokerages

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 currently covering the stock, MarketBeat Ratings reports. Four equities 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 objective among brokers that have covered the stock in the last year is $220.00.

WTS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Watts Water Technologies in a report on Tuesday, December 17th. They set a "hold" rating and a $240.00 target price on the stock. Stifel Nicolaus lifted their target price on Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group lifted their target price on Watts Water Technologies from $197.00 to $217.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WTS. UMB Bank n.a. lifted its stake in shares of 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 purchasing an additional 58 shares during the period. Headlands Technologies LLC lifted its stake in shares of Watts Water Technologies by 329.1% in the 4th quarter. Headlands Technologies LLC now owns 236 shares of the technology company's stock valued at $48,000 after purchasing an additional 181 shares during the period. Huntington National Bank lifted its stake in shares of Watts Water Technologies by 60.5% in the 4th quarter. Huntington National Bank now owns 366 shares of the technology company's stock valued at $74,000 after purchasing an additional 138 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Watts Water Technologies by 660.3% in the 4th quarter. Jones Financial Companies Lllp now owns 555 shares of the technology company's stock valued at $113,000 after purchasing an additional 482 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Watts Water Technologies by 45.2% in the 4th quarter. Farther Finance Advisors LLC now owns 565 shares of the technology company's stock valued at $115,000 after purchasing an additional 176 shares during the period. 95.02% of the stock is owned by institutional investors and hedge funds.

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Watts Water Technologies Price Performance

Shares of NYSE WTS traded down $4.55 during mid-day trading on Friday, hitting $209.48. 185,154 shares of the stock traded hands, compared to its average volume of 171,564. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. Watts Water Technologies has a twelve month low of $175.37 and a twelve month high of $232.60. The company has a market cap of $6.98 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93. The firm has a 50 day simple moving average of $209.44 and a two-hundred day simple moving average of $206.53.

Watts Water Technologies (NYSE:WTS - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. As a group, equities research analysts forecast that Watts Water Technologies will post 9.08 EPS for the current fiscal year.

Watts Water Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, February 28th. Watts Water Technologies's dividend payout ratio is 19.79%.

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.