In a report released today, Ryan Connors from Boenning & Scattergood maintained a Hold rating on Watts Water Technologies (WTS). The company’s shares closed yesterday at $84.36.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 10.5% and a 70.3% 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 Moderate Buy, with a price target consensus of $89, representing a 5.5% upside. In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.
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Based on Watts Water Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $29.1 million. In comparison, last year the company had a net profit of $28.2 million.
Based on the recent corporate insider activity of 70 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 Asia-Pacific, Middle East and Africa.
