Robert W. Baird Reiterates a Hold Rating on Watts Water Technologies (WTS)


In a report released yesterday, Michael Halloran from Robert W. Baird reiterated a Hold rating on Watts Water Technologies (NYSE: WTS), with a price target of $89. The company’s shares opened today at $93.35, equals to its 52-week high of $93.35.

According to TipRanks.com, Halloran is a 4-star analyst with an average return of 11.7% and a 75.8% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Advanced Drainage Systems, and Emerson Electric Company.

Watts Water Technologies has an analyst consensus of Hold, with a price target consensus of $89, implying a -4.7% downside from current levels. In a report released yesterday, Boenning & Scattergood also maintained a Hold rating on the stock.

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The company has a one-year high of $93.35 and a one-year low of $59.15. Currently, Watts Water Technologies has an average volume of 117.8K.

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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