Watts Water Technologies Gets a Hold Rating from Boenning & Scattergood


Boenning & Scattergood analyst Ryan Connors maintained a Hold rating on Watts Water Technologies (NYSE: WTS) today. The company’s shares closed yesterday at $74.05.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 8.2% and a 59.6% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Franklin Electric Co, and Flowserve Corp.

Currently, the analyst consensus on Watts Water Technologies is Moderate Buy and the average price target is $80, representing an 8.0% upside.

In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.

See today’s analyst top recommended stocks >>

Watts Water Technologies’ market cap is currently $2.53B and has a P/E ratio of 34.93. The company has a book value ratio of 3.0463.

Based on the recent corporate insider activity of 65 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.

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