Watts Water Technologies - WTS Stock Forecast, Price & News

Watts Water Technologies, Inc. designs, manufactures, and sells products, solution, and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the commercial and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves. It also provides heating, ventilation, and air conditioning and gas products, such as boilers, water heaters, custom heat, and hot water solutions; hydronic and electric heating systems for under-floor radiant applications; custom heat and hot water solutions; hydronic pump groups for boiler manufacturers and alternative energy control packages; and flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications. In addition, the company offers drainage and water re-use products comprising drainage products and engineered rain water harvesting solutions for commercial, industrial, marine, and residential applications; and water quality products that include point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems for commercial and residential applications. Further, it provides smart mixing system under the IntelliStation name. The company sells its products to plumbing, heating, and mechanical wholesale distributors and dealers, as well as original equipment manufacturers, specialty product distributors, do-it-yourself chains, and retail chains; and directly to wholesalers and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Cowen decreased their price objective on shares of Watts Water Technologies from $130.00 to $120.00 in a research report on Tuesday, June 28th. Boenning Scattergood reissued a "neutral" rating on shares of Watts Water Technologies in a research note on Wednesday, May 4th. Cowen cut their target price on shares of Watts Water Technologies from $130.00 to $120.00 in a research note on Tuesday, June 28th. Northcoast Research initiated coverage on shares of Watts Water Technologies in a research note on Friday, July 15th. They issued a "neutral" rating for the company. Finally, The Goldman Sachs Group cut their target price on shares of Watts Water Technologies from $165.00 to $147.00 and set a "neutral" rating for the company in a research note on Wednesday, April 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $129.25.

Watts Water Technologies Price Performance

WTS Stock traded down $1.04 during trading on Tuesday, hitting $143.99. The stock had a trading volume of 197,694 shares, compared to its average volume of 218,803. Watts Water Technologies has a 1-year low of $116.31 and a 1-year high of $212.00. The company's 50 day moving average price is $128.68 and its two-hundred day moving average price is $136.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.27 and a current ratio of 2.30. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98.

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, August 31st. Watts Water Technologies's dividend payout ratio is currently 19.26%.

Insider Activity

In other news, insider Elie Melhem sold 3,800 shares of the company's stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $129.54, for a total transaction of $492,252.00. Following the completion of the transaction, the insider now owns 12,303 shares of the company's stock, valued at approximately $1,593,730.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.