Watts Water Technologies (NYSE:WTS - Free Report) had its price target boosted by The Goldman Sachs Group from $197.00 to $217.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the technology company's stock.
Other equities research analysts have also recently issued reports about the company. Northcoast Research raised Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price objective on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They set a "hold" rating and a $240.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on Watts Water Technologies from $218.00 to $219.00 and gave the stock a "hold" rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $220.00.
Read Our Latest Research Report on Watts Water Technologies
Watts Water Technologies Price Performance
Shares of NYSE:WTS traded down $6.18 during mid-day trading on Wednesday, reaching $213.89. The stock had a trading volume of 225,090 shares, compared to its average volume of 155,084. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13. The company has a market cap 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 has a 1 year low of $175.37 and a 1 year high of $232.60. The business's 50 day moving average price is $208.31 and its 200 day moving average price is $203.57.
Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its earnings results on Monday, February 10th. The technology company reported $2.05 EPS 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%. Research analysts expect that Watts Water Technologies will post 8.73 EPS for the current fiscal year.
Watts Water Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 0.80%. Watts Water Technologies's dividend payout ratio (DPR) is presently 20.62%.
Institutional Trading of Watts Water Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of WTS. V Square Quantitative Management LLC bought a new stake in Watts Water Technologies during the 3rd quarter valued at $30,000. UMB Bank n.a. boosted its position 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 worth $32,000 after purchasing an additional 58 shares in the last quarter. Headlands Technologies LLC boosted its position 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 worth $48,000 after purchasing an additional 181 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Watts Water Technologies during the 3rd quarter worth about $68,000. Finally, Huntington National Bank lifted its position in Watts Water Technologies by 60.5% during the 4th quarter. Huntington National Bank now owns 366 shares of the technology company's stock worth $74,000 after acquiring an additional 138 shares during the period. Institutional investors own 95.02% of the company's stock.
Watts Water Technologies Company Profile
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Get Free Report)
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.
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