Boenning & Scattergood Remains a Hold on Watts Water Technologies (WTS)


In a report released today, Ryan Connors from Boenning & Scattergood maintained a Hold rating on Watts Water Technologies (NYSE: WTS). The company’s shares opened today at $87.90, close to its 52-week high of $88.85.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 11.1% and a 74.1% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Mueller Water Products, and Franklin Electric Co.

Watts Water Technologies has an analyst consensus of Hold, with a price target consensus of $82, which is a -6.7% downside from current levels. In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.

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The company has a one-year high of $88.85 and a one-year low of $59.15. Currently, Watts Water Technologies has an average volume of 117.4K.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.

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Watts Water Technologies, Inc. engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and APMEA. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks. The company was founded in 1985 and is headquartered in North Andover, MA.

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