TheStreet lowered shares of Watts Water Technologies (NYSE:WTS) from a b+ rating to a c+ rating in a report published on Monday morning.

WTS has been the topic of several other reports. Boenning Scattergood restated a buy rating on shares of Watts Water Technologies in a research report on Monday, November 20th. Stifel Nicolaus restated a buy rating and issued a $79.00 price objective on shares of Watts Water Technologies in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Watts Water Technologies from a hold rating to a buy rating and set a $84.00 price objective on the stock in a research report on Saturday, February 10th. Northcoast Research set a $90.00 price objective on shares of Watts Water Technologies and gave the stock a buy rating in a research report on Friday, January 19th. Finally, KeyCorp restated a hold rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $78.00.

Shares of Watts Water Technologies (NYSE WTS) opened at $75.85 on Monday. Watts Water Technologies has a fifty-two week low of $59.15 and a fifty-two week high of $82.35. The stock has a market cap of $2,590.00, a PE ratio of 35.78, a PEG ratio of 1.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, March 1st. Watts Water Technologies’s dividend payout ratio (DPR) is 35.85%.

In other Watts Water Technologies news, 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 transaction, the chief executive officer now directly owns 137,474 shares in the company, valued at $10,108,463.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $288,778.59. Following the transaction, the chief executive officer now owns 137,474 shares in the company, valued at $10,047,974.66. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of WTS. BlackRock Inc. grew its position in Watts Water Technologies by 12.7% during the fourth quarter. BlackRock Inc. now owns 3,978,819 shares of the technology company’s stock valued at $302,190,000 after acquiring an additional 448,313 shares during the last quarter. Impax Asset Management LTD grew its position in Watts Water Technologies by 7.8% during the third quarter. Impax Asset Management LTD now owns 2,730,009 shares of the technology company’s stock valued at $188,917,000 after acquiring an additional 196,626 shares during the last quarter. Victory Capital Management Inc. grew its position in Watts Water Technologies by 29.0% during the third quarter. Victory Capital Management Inc. now owns 771,208 shares of the technology company’s stock valued at $53,367,000 after acquiring an additional 173,225 shares during the last quarter. Renaissance Technologies LLC grew its position in Watts Water Technologies by 139.1% during the second quarter. Renaissance Technologies LLC now owns 206,800 shares of the technology company’s stock valued at $13,070,000 after acquiring an additional 120,300 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Watts Water Technologies by 32.1% during the fourth quarter. Deutsche Bank AG now owns 336,741 shares of the technology company’s stock valued at $25,572,000 after acquiring an additional 81,845 shares during the last quarter. Institutional investors and hedge funds own 78.21% of the company’s stock.

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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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