Robert W. Baird Increases Watts Water Technologies (NYSE:WTS) Price Target to $225.00

Watts Water Technologies (NYSE:WTS - Get Free Report) had its price target increased by equities research analysts at Robert W. Baird from $212.00 to $225.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a "neutral" rating on the technology company's stock. Robert W. Baird's price target points to a potential upside of 5.69% from the stock's current price.

Separately, Stifel Nicolaus raised their price target on shares of Watts Water Technologies from $206.00 to $209.00 and gave the company a "hold" rating in a report on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Watts Water Technologies currently has a consensus rating of "Hold" and an average target price of $199.50.

Watts Water Technologies Price Performance

Watts Water Technologies stock traded up $1.72 during mid-day trading on Friday, hitting $212.88. 117,581 shares of the company were exchanged, compared to its average volume of 131,846. The company has a market capitalization of $7.09 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 3.08 and a beta of 0.95. The business has a fifty day moving average of $205.30 and a 200 day moving average of $200.07. Watts Water Technologies has a 1-year low of $156.85 and a 1-year high of $219.52. The company has a quick ratio of 1.63, a current ratio of 2.61 and a debt-to-equity ratio of 0.20.

Watts Water Technologies (NYSE:WTS - Get Free Report) last posted its earnings results on Wednesday, May 8th. The technology company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.22. The business had revenue of $570.90 million for the quarter, compared to analyst estimates of $547.20 million. Watts Water Technologies had a net margin of 12.75% and a return on equity of 19.38%. The firm's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 EPS. As a group, sell-side analysts expect that Watts Water Technologies will post 8.53 earnings per share for the current year.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 2,500 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $199.50, for a total value of $498,750.00. Following the completion of the sale, the insider now directly owns 13,564 shares in the company, valued at $2,706,018. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of Watts Water Technologies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $202.11, for a total value of $307,207.20. Following the sale, the chief accounting officer now owns 14,818 shares of the company's stock, valued at approximately $2,994,865.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elie Melhem sold 2,500 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $199.50, for a total value of $498,750.00. Following the completion of the sale, the insider now owns 13,564 shares in the company, valued at $2,706,018. The disclosure for this sale can be found here. Insiders have sold a total of 5,113 shares of company stock valued at $1,023,106 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Watts Water Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Watts Water Technologies in the fourth quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in Watts Water Technologies in the 1st quarter valued at $26,000. Allworth Financial LP lifted its position in Watts Water Technologies by 47.5% during the 4th quarter. Allworth Financial LP now owns 174 shares of the technology company's stock worth $36,000 after buying an additional 56 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Watts Water Technologies during the 4th quarter worth about $39,000. Finally, Headinvest LLC bought a new position in shares of Watts Water Technologies in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 95.02% of the company's stock.

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.