Watts Water Technologies (NYSE:WTS) Price Target Raised to $219.00 at Stifel Nicolaus

Watts Water Technologies (NYSE:WTS) had its price objective hoisted by equities research analysts at Stifel Nicolaus from $218.00 to $219.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 0.32% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Watts Water Technologies in a report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price objective for the company. Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective for the company in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $220.75.

Watts Water Technologies Stock Down 2.8 %

Watts Water Technologies stock traded down $6.36 during midday trading on Wednesday, reaching $218.31. The company’s stock had a trading volume of 46,366 shares, compared to its average volume of 165,210. 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 stock has a market capitalization of $7.28 billion, a P/E ratio of 26.16, a PEG ratio of 3.39 and a beta of 0.93. The stock’s 50-day simple moving average is $208.15 and its 200-day simple moving average is $203.29. Watts Water Technologies has a 52-week low of $175.37 and a 52-week high of $232.60.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. On average, sell-side analysts expect that Watts Water Technologies will post 8.73 EPS for the current year.

Hedge Funds Weigh In On Watts Water Technologies

A number of hedge funds have recently made changes to their positions in WTS. V Square Quantitative Management LLC purchased a new stake in shares of Watts Water Technologies during the third quarter worth approximately $30,000. UMB Bank n.a. boosted its stake in Watts Water Technologies by 59.8% during the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock worth $32,000 after buying an additional 58 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Watts Water Technologies during the third quarter valued at about $68,000. CWM LLC boosted its position in shares of Watts Water Technologies by 24.4% during the 3rd quarter. CWM LLC now owns 392 shares of the technology company’s stock worth $81,000 after purchasing an additional 77 shares during the period. Finally, Blue Trust Inc. raised its position in Watts Water Technologies by 99.3% in the third quarter. Blue Trust Inc. now owns 544 shares of the technology company’s stock valued at $113,000 after purchasing an additional 271 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.

About Watts Water Technologies

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.