Analysts from StockNews.com have begun covering Watts Water Technologies and announced their intention to do so in a letter sent out to investors on Thursday.
The investment firm advised its customers to “buy” shares of the technology company from the investment firm instead of selling them.
The report on the company’s performance was released on February 8th and published by Watts Water Technologies.
The technology division reported earnings per share for the quarter of $1.60, which is $0.06 higher than the average estimate of $1.54 provided by market experts.
The sales for the company during the period came in at $501.90 million, a significant increase from the $489.21 million that analysts had anticipated they would be for the period. Watts Water Technologies achieved a return on equity of 19.75%, and the net margin for the company was 12.70%. Compared to the same quarter in the previous year, the increase in revenue was 5.9% higher than expected.
In the same period the year before, the company generated earnings per share that totaled $1.42.
Equity market analysts anticipate that Watts Water Technologies will generate $6.83 per share for the current fiscal year.
This figure was calculated based on the company’s historical performance.
The price of one share of NYSE: WTS was $162.84 when trading began on Thursday.
The current share price of the company’s stock is $166.24, higher than its 200-day moving average price of $149.93.
The company has a price-to-earnings ratio of 21.77, a price-to-earnings-growth rate is 3.05, and a beta for the company is 1.01.
The market capitalization of the company is $5.42 billion. Within the past calendar year, Watts Water Technologies experienced a 52-week low of $116.31 and a 52-week high of $181.40 in terms of their share price.
The value of the quick ratio is 1.52, the current ratio is 2.51, and the value of the debt-to-equity ratio is 0.11.
All three ratios have the same value.
It wasn’t until recently that various research analysts from various firms were allowed to share their thoughts on the stock. Goldman Sachs Group raised the price objective for Watts Water Technologies in a report published on Friday, February 10th.
The new price objective is $169.00, up from $151.00 previously.
Additionally, the company was rated “neutral” by the firm.
In a research report on January 10th, Deutsche Bank Aktiengesellschaft lowered their price objective for Watts Water Technologies from $155.00 to $150.00 and downgraded the company from a “buy” rating to a “hold” rating.
These changes were made to the company’s stock.
They explained their choice by stating that it was derived from their situation evaluation. Stifel Nicolaus increased their price objective for the share of Watts Water Technologies that they would buy in their report released on Friday, January 20th.
According to the study, shareholders should “hold” onto their existing positions in the company’s stock. Robert W.
Baird gave the company a ” neutral ” rating in a report made public on Friday, February 10th, and raised their price objective for Watts Water Technologies from $140.00 to $180.00.
This information was included in the report that was made public.
This information was taken into consideration during the research process.
The stock has been recommended to be held by seven of the eight analysts who were surveyed, while one of them has suggested that it be purchased.
According to information from Bloomberg.com, the stock has been given an average rating of “Hold,” A price target of $147.50 has been established as the consensus among market analysts.
In recent times, institutional investors have been engaged in purchasing and selling shares in various companies.
During the second quarter, SeaCrest Investment Management LLC contributed to Watts Water Technologies $25,000 in the form of funding. Covestor Ltd increased its holdings in Watts Water Technologies by 80.4% during the first three months of the year. Covestor Ltd now has 184 shares of the technology company’s stock, which are now valued at $26,000 thanks to the acquisition of an additional 82 shares during the preceding quarter.
In the last three months of 2018, Belpointe Asset Management LLC made a fresh investment in Watts Water Technologies.
This position was worth approximately $27,000 at the time it was offered.
During the second quarter of the fiscal year, Eagle Bay Advisors LLC made a brand new investment in Watts Water Technologies worth 32 thousand dollars. Watts Water Technologies received a new holding investment from Private Trust Company of North America for $34,000 during the second quarter.
The final investment that was discussed was this one.
A total of 74.85% of the market capitalization of the company’s stock is held by hedge funds and other institutional investors.
Watts Water Technologies, INC manufactures and retails a wide variety of products that can be applied to the control of water flow, the maintenance of water safety, and the preservation of water resources.
The Americas, Europe, Asia-Pacific, the Middle East, and Africa are some of the world’s regions in which the company operates.
These include plumbing and flow management solutions, municipal waterworks solutions, HVAC (heating, ventilation, and air conditioning) solutions, water quality and conditioning solutions, water reuse solutions, and drainage solutions.