Oppenheimer Assigns a Hold Rating on Watts Water Technologies (WTS)


Oppenheimer analyst Bryan Blair assigned a Hold rating to Watts Water Technologies (WTS) yesterday. The company’s shares closed last Thursday at $134.36.

According to TipRanks.com, Blair is a 5-star analyst with an average return of 26.7% and a 73.9% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Altra Industrial Motion, and Mueller Water Products.

The word on The Street in general, suggests a Hold analyst consensus rating for Watts Water Technologies with a $116.50 average price target.

See today’s analyst top recommended stocks >>

Based on Watts Water Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $403 million and net profit of $29.2 million. In comparison, last year the company earned revenue of $383 million and had a net profit of $32 million.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WTS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. 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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts