Watts Water Technologies (WTS) 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 $79.85.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 13.3% and a 79.4% 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 $93.

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Watts Water Technologies’ market cap is currently $2.73B and has a P/E ratio of 31.07. The company has a Price to Book ratio of 3.18.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.

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 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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