Somewhat Favorable News Coverage Somewhat Unlikely to Affect Watts Water Technologies (WTS) Stock Price
News stories about Watts Water Technologies (NYSE:WTS) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Watts Water Technologies earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.0085354587907 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Watts Water Technologies Inc (WTS) Announces Quarterly Dividend of $0.19 (americanbankingnews.com)
- $364.10 Million in Sales Expected for Watts Water Technologies Inc (WTS) This Quarter (americanbankingnews.com)
- $0.73 Earnings Per Share Expected for Watts Water Technologies Inc (WTS) This Quarter (americanbankingnews.com)
- Watts Water Technologies (WTS) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
Watts Water Technologies (NYSE:WTS) opened at $72.80 on Friday. The company has a current ratio of 2.57, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60. Watts Water Technologies has a 52-week low of $59.15 and a 52-week high of $82.35. The stock has a market cap of $2,474.02, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13.
A number of brokerages have commented on WTS. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Monday, January 22nd. Northcoast Research set a $90.00 target price on shares of Watts Water Technologies and gave the company a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus restated a “buy” rating and set a $95.00 target price (up from $85.00) on shares of Watts Water Technologies in a research report on Tuesday, January 16th. Boenning Scattergood restated a “buy” rating on shares of Watts Water Technologies in a research report on Monday, November 20th. Finally, Robert W. Baird upped their target price on shares of Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three 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 $79.17.
In related news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $73.09, for a total value of $288,778.59. Following the sale, the chief executive officer now directly owns 137,474 shares in the company, valued at approximately $10,047,974.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $73.53, for a total transaction of $871,477.56. Following the completion of the sale, the chief executive officer now owns 137,474 shares in the company, valued at $10,108,463.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,348 shares of company stock worth $1,339,628. Corporate insiders own 1.10% of the company’s stock.
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.
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