Watts Water Technologies (NYSE:WTS) was downgraded by stock analysts at TheStreet from a “b+” rating to a “c+” rating in a report issued on Monday.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Monday, January 22nd. Northcoast Research set a $90.00 price objective on Watts Water Technologies and gave the stock a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price objective (up from $85.00) on shares of Watts Water Technologies in a research report on Tuesday, January 16th. Boenning Scattergood reaffirmed a “buy” rating on shares of Watts Water Technologies in a research report on Monday, November 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $78.17.

Shares of Watts Water Technologies (NYSE:WTS) opened at $75.60 on Monday. Watts Water Technologies has a 1 year low of $59.15 and a 1 year high of $82.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. The firm has a market capitalization of $2,526.95, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Watts Water Technologies had a return on equity of 13.07% and a net margin of 5.02%. The company had revenue of $366.30 million during the quarter, compared to analysts’ expectations of $365.35 million. During the same period last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. equities analysts predict that Watts Water Technologies will post 3.44 earnings per share for the current fiscal year.

In other news, insider Elie Melhem sold 2,545 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $70.48, for a total value of $179,371.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $73.53, for a total value of $871,477.56. Following the completion of the sale, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at $10,108,463.22. The disclosure for this sale can be found here. Insiders sold a total of 18,348 shares of company stock valued at $1,339,628 over the last three months. Insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Watts Water Technologies in the 4th quarter valued at approximately $112,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Watts Water Technologies by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock valued at $129,000 after buying an additional 17 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Watts Water Technologies in the 3rd quarter valued at approximately $200,000. Suntrust Banks Inc. lifted its holdings in shares of Watts Water Technologies by 1.0% in the 2nd quarter. Suntrust Banks Inc. now owns 3,290 shares of the technology company’s stock valued at $207,000 after buying an additional 31 shares during the period. Finally, Balyasny Asset Management LLC acquired a new stake in shares of Watts Water Technologies in the 2nd quarter valued at approximately $215,000. 78.21% of the stock is owned by institutional investors and hedge funds.

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Watts Water Technologies Company Profile

Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.

Analyst Recommendations for Watts Water Technologies (NYSE:WTS)

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