Watts Water Technologies (WTS) Projected to Post Quarterly Earnings on Monday

Watts Water Technologies (NYSE:WTS) is expected to post its quarterly earnings results after the market closes on Monday, February 10th. Analysts expect Watts Water Technologies to post earnings of $1.91 per share and revenue of $537.12 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Watts Water Technologies Trading Down 0.4 %

Shares of WTS opened at $206.40 on Monday. The firm’s 50-day moving average is $209.06 and its two-hundred day moving average is $202.77. Watts Water Technologies has a twelve month low of $175.37 and a twelve month high of $222.70. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $6.88 billion, a P/E ratio of 24.75, a PEG ratio of 3.39 and a beta of 0.93.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WTS. Deutsche Bank Aktiengesellschaft began coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price objective for the company. Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research report on Monday, November 4th. Finally, Stifel Nicolaus raised their target price on shares of Watts Water Technologies from $202.00 to $218.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $220.50.

Insider Activity

In other Watts Water Technologies news, General Counsel Kenneth Robert Lepage sold 2,607 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $212.72, for a total transaction of $554,561.04. Following the transaction, the general counsel now owns 11,457 shares of the company’s stock, valued at $2,437,133.04. This represents a 18.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Monica Barry sold 1,559 shares of Watts Water Technologies stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $212.52, for a total value of $331,318.68. Following the completion of the sale, the insider now directly owns 4,430 shares of the company’s stock, valued at approximately $941,463.60. This represents a 26.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,545 shares of company stock worth $6,257,140 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

About Watts Water Technologies

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.