Stifel Nicolaus Begins Covering Watts Water Technologies (NYSE:WTS) Stock. “Shares to Hit $72”

September 20, 2017 - By wolcottdaily

 Stifel Nicolaus Begins Covering Watts Water Technologies (NYSE:WTS) Stock. “Shares to Hit $72”

Investors sentiment decreased to 0.94 in 2016 Q4. Its down 0.15, from 1.09 in 2016Q3. It is negative, as 12 investors sold Watts Water Technologies Inc shares while 69 reduced holdings. 30 funds opened positions while 46 raised stakes. 26.40 million shares or 2.84% less from 27.18 million shares in 2016Q3 were reported.

The New York-based Sg Americas Secs Ltd Limited Liability Company has invested 0% in Watts Water Technologies Inc (NYSE:WTS). Loring Wolcott And Coolidge Fiduciary Advsr Ltd Liability Partnership Ma holds 200 shares. Pine River Cap Mngmt L P holds 7,700 shares. Calvert Inv, Maryland-based fund reported 63,880 shares. Essex Invest Mgmt Limited Liability reported 11,200 shares. State Of Tennessee Treasury Department holds 0.01% or 22,531 shares. 2.38 million were reported by Vanguard Grp Inc. First Republic owns 0% invested in Watts Water Technologies Inc (NYSE:WTS) for 5,406 shares. Gabelli Funds Lc accumulated 580,500 shares. Moreover, Millennium Management Limited Liability Company has 0.01% invested in Watts Water Technologies Inc (NYSE:WTS) for 70,028 shares. State Of New Jersey Common Pension Fund D invested in 0.13% or 450,000 shares. Gamco Invsts Inc Et Al holds 0.61% or 1.48M shares. Pacad Invest Ltd invested 0.02% in Watts Water Technologies Inc (NYSE:WTS). Kcg Holding Inc reported 10,876 shares. State Of Alaska Department Of Revenue holds 3,020 shares.

Since June 9, 2017, it had 0 insider buys, and 1 sale for $82,528 activity.

Why Has Stifel Nicolaus Given Watts Water Technologies (NYSE:WTS) a $72 Price Target

Stifel Nicolaus shared with investors in a note that it initiated coverage on Watts Water Technologies (NYSE:WTS) stock, with Buy rating and a $72 TP.

Investors sentiment decreased to 0.94 in 2016 Q4. Its down 0.15, from 1.09 in 2016Q3. It is negative, as 12 investors sold Watts Water Technologies Inc shares while 69 reduced holdings. 30 funds opened positions while 46 raised stakes. 26.40 million shares or 2.84% less from 27.18 million shares in 2016Q3 were reported.

The New York-based Sg Americas Secs Ltd Limited Liability Company has invested 0% in Watts Water Technologies Inc (NYSE:WTS). Loring Wolcott And Coolidge Fiduciary Advsr Ltd Liability Partnership Ma holds 200 shares. Pine River Cap Mngmt L P holds 7,700 shares. Calvert Inv, Maryland-based fund reported 63,880 shares. Essex Invest Mgmt Limited Liability reported 11,200 shares. State Of Tennessee Treasury Department holds 0.01% or 22,531 shares. 2.38 million were reported by Vanguard Grp Inc. First Republic owns 0% invested in Watts Water Technologies Inc (NYSE:WTS) for 5,406 shares. Gabelli Funds Lc accumulated 580,500 shares. Moreover, Millennium Management Limited Liability Company has 0.01% invested in Watts Water Technologies Inc (NYSE:WTS) for 70,028 shares. State Of New Jersey Common Pension Fund D invested in 0.13% or 450,000 shares. Gamco Invsts Inc Et Al holds 0.61% or 1.48M shares. Pacad Invest Ltd invested 0.02% in Watts Water Technologies Inc (NYSE:WTS). Kcg Holding Inc reported 10,876 shares. State Of Alaska Department Of Revenue holds 3,020 shares.

Since June 9, 2017, it had 0 insider buys, and 1 sale for $82,528 activity.

Watts Water Technologies Inc (NYSE:WTS) Ratings Coverage

Among 9 analysts covering Watts Water Technologies (NYSE:WTS), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Watts Water Technologies has $79.0 highest and $54 lowest target. $65.50’s average target is -4.24% below currents $68.4 stock price. Watts Water Technologies had 15 analyst reports since August 17, 2015 according to SRatingsIntel. Northcoast upgraded the stock to “Buy” rating in Monday, September 18 report. Cowen & Co upgraded Watts Water Technologies Inc (NYSE:WTS) on Monday, August 17 to “Market Perform” rating. The firm has “Perform” rating by Oppenheimer given on Monday, January 4. The company was initiated on Wednesday, March 8 by Goldman Sachs. The rating was maintained by Boenning & Scattergood with “Buy” on Thursday, August 3. The stock has “Buy” rating by Stifel Nicolaus on Monday, September 18. The firm has “Neutral” rating by Northcoast given on Friday, July 8. The rating was maintained by Oppenheimer on Friday, May 5 with “Hold”. Cowen & Co maintained Watts Water Technologies Inc (NYSE:WTS) on Thursday, July 20 with “Hold” rating. The stock has “Buy” rating by BB&T Capital on Friday, May 6.

It closed at $68.4 lastly. It is down 15.50% since September 20, 2016 and is uptrending. It has underperformed by 1.20% the S&P500.

Wall Street await Watts Water Technologies Inc (NYSE:WTS) to release earnings on November, 1. Analysts forecast earnings per share of $0.77, up exactly $0.06 or 8.45 % from 2014’s $0.71 EPS. The expected WTS’s profit could reach $26.34M giving the stock 22.21 P/E in the case that $0.77 earnings per share is reported. After posting $0.83 EPS for the previous quarter, Watts Water Technologies Inc’s analysts now forecast -7.23 % negative EPS growth.

Watts Water Technologies, Inc. is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The company has market cap of $2.34 billion. The Company, through its subsidiary, Watts Regulator Co., is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it. It has a 26.72 P/E ratio. The Company’s divisions include Americas, Middle East and Africa and Asia-Pacific.

More notable recent Watts Water Technologies Inc (NYSE:WTS) news were published by: Seekingalpha.com which released: “Watts Water Technologies’ (WTS) CEO Bob Pagano on Q2 2017 Results – Earnings …” on August 03, 2017, also Businesswire.com with their article: “Watts Water Technologies Elects Two New Directors” published on February 08, 2017, Seekingalpha.com published: “Watts Water Pursuing Multiple Avenues Of Self-Improvement” on December 14, 2016. More interesting news about Watts Water Technologies Inc (NYSE:WTS) were released by: Seekingalpha.com and their article: “Watts Water Technologies (WTS) CEO Robert Pagano on Q4 2016 Results – Earnings …” published on February 10, 2017 as well as Nasdaq.com‘s news article titled: “Watts Water Technologies (WTS) Shares Cross Above 200 DMA” with publication date: September 15, 2017.

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