Are Analysts Bearish Watts Water Technologies Inc (NYSE:WTS) After Last Week?

October 13, 2017 - By Adrian Mccoy

 Are Analysts Bearish Watts Water Technologies Inc (NYSE:WTS) After Last Week?
Investors sentiment increased to 1.67 in Q2 2017. Its up 0.69, from 0.98 in 2017Q1. It improved, as 8 investors sold Watts Water Technologies Inc shares while 52 reduced holdings. 31 funds opened positions while 69 raised stakes. 25.80 million shares or 0.30% less from 25.87 million shares in 2017Q1 were reported.
Impax Asset Mgmt Limited owns 5.38% invested in Watts Water Technologies Inc (NYSE:WTS) for 2.53M shares. Asset Mgmt One Limited holds 6,188 shares or 0% of its portfolio. Capstone Asset accumulated 5,086 shares. Bancorporation Of America Corporation De holds 152,499 shares or 0% of its portfolio. Us National Bank De holds 663 shares or 0% of its portfolio. Jefferies Gp Lc accumulated 5,956 shares. Pub Employees Retirement Association Of Colorado holds 5,811 shares. 6,028 were reported by Piedmont Inv Advsrs Limited Liability Co. Goldman Sachs Gru Incorporated holds 719,108 shares. Airain Limited owns 4,722 shares for 0.01% of their portfolio. Glenmede Tru Na holds 90 shares or 0% of its portfolio. Qs Invsts Ltd Limited Liability Company holds 0% of its portfolio in Watts Water Technologies Inc (NYSE:WTS) for 6 shares. 23,651 were accumulated by Pinebridge Invests L P. Gemmer Asset Mgmt Lc owns 0% invested in Watts Water Technologies Inc (NYSE:WTS) for 50 shares. Schroder Invest Management stated it has 0.01% in Watts Water Technologies Inc (NYSE:WTS).

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

Watts Water Technologies Inc (NYSE:WTS) Ratings Coverage

Among 10 analysts covering Watts Water Technologies (NYSE:WTS), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Watts Water Technologies had 17 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Watts Water Technologies Inc (NYSE:WTS) has “Buy” rating given on Monday, September 18 by Northcoast. Goldman Sachs initiated the shares of WTS in report on Wednesday, March 8 with “Neutral” rating. Zacks upgraded the shares of WTS in report on Monday, September 21 to “Buy” rating. The rating was downgraded by Seaport Global to “Neutral” on Friday, June 10. On Monday, September 18 the stock rating was initiated by Stifel Nicolaus with “Buy”. Oppenheimer downgraded the shares of WTS in report on Monday, January 4 to “Perform” rating. On Thursday, September 28 the stock rating was maintained by Cowen & Co with “Hold”. The firm has “Buy” rating by BB&T Capital given on Friday, May 6. On Friday, July 8 the stock rating was initiated by Northcoast with “Neutral”. On Friday, May 5 the stock rating was maintained by Oppenheimer with “Hold”. Below is a list of Watts Water Technologies Inc (NYSE:WTS) latest ratings and price target changes.

04/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $71.0 Maintain
28/09/2017 Broker: Cowen & Co Rating: Hold New Target: $58.0 Maintain
18/09/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $72.0 Initiate
18/09/2017 Broker: Northcoast Rating: Buy New Target: $79.0 Upgrade
03/08/2017 Broker: Boenning & Scattergood Rating: Buy Maintain
03/08/2017 Broker: Oppenheimer Rating: Hold Maintain
20/07/2017 Broker: Cowen & Co Rating: Hold New Target: $58.0000 Maintain
14/06/2017 Broker: Oppenheimer Rating: Hold Maintain
05/05/2017 Broker: Oppenheimer Rating: Hold Maintain

The stock decreased 0.15% or $0.1 on October 13, reaching $67.6. About 38,126 shares traded. Watts Water Technologies Inc (NYSE:WTS) has risen 15.50% since October 13, 2016 and is uptrending. It has underperformed by 1.20% the S&P500.

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 $2.31 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 26.41 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 Pursuing Multiple Avenues Of Self-Improvement” on December 15, 2016, also Businesswire.com with their article: “Watts Water Technologies Elects Two New Directors” published on February 08, 2017, Businesswire.com published: “Watts Water Technologies Fourth Quarter 2016 Earnings Conference Call” on February 06, 2017. More interesting news about Watts Water Technologies Inc (NYSE:WTS) were released by: Seekingalpha.com and their article: “Watts Water Technologies’ (WTS) CEO Bob Pagano on Q2 2017 Results – Earnings …” published on August 03, 2017 as well as Seekingalpha.com‘s news article titled: “Watts Water Technologies (WTS) CEO Robert Pagano on Q4 2016 Results – Earnings …” with publication date: February 10, 2017.

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