Watts Water Technologies Stock (NYSE: WTS)

Watts Water Technologies (NYSE:WTS) Stock, Quote.Headers.trade-ideas

Watts Water Technologies

Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. Its product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates the majority of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.

Earnings

News

Penny Stocks

Markets

Analyst Ratings

Tech

Trading Ideas

BWXT

FTNT

INTC

Intel Corporation (NASDAQ: INTC) is scheduled to report second-quarter 2024 results on Aug 1, after the closing bell. In the to-be-reported quarter, the company is likely to have recorded higher revenues year over year from the Client Computing Group, backed by a strong emphasis on product innovation.

Can Healthy Processor Revenues Aid Intel&#39;s Q2 Earnings?

Equities

Mid Cap

Watts Water Technologies Inc (NYSE: WTS) penned a deal to acquire 

Watts Water Technologies Acquires Bradley, Expects EBITDA Margin Accretion By 2027

Small Cap

Pre-Market Outlook

Movers

ARAY

ARDS

BSFC

CCAC

CIAN

DOYU

EBON

EPZM

ESGC

FLNG

FLWS

GFAI

GLPG

GWGH

Hollsys Automation Technologies INTERNATIONAL

HOLI

IMMX

INDO

IVAN

LEVI

LMPX

LYTS

MARPS

MCMJ

MYNZ

NSEC

PETV

PIXY

SATL

SIDU

SPPI

STRN

SVFD

TGTX

TKLF

TSLA

TSRI

VLCN

VMAC

ZYME

64 Biggest Movers From Yesterday

Watts Water Technologies, Inc. Class A Common Stock

Watts Water Technologies Inc

WESTSHORE TERM INVST CP by Westshore Terminals Investment Corp.

Westshore Terminals Investment Corp

Stifel analyst Nathan Jones maintains Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) with a Hold and lowers the price target from $217 to $202.

Price Target

Stifel Maintains Hold on Watts Water Technologies, Lowers Price Target to $202

Baird analyst Michael Halloran maintains Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) with a Neutral and lowers the price target from $225 to $199.

Baird Maintains Neutral on Watts Water Technologies, Lowers Price Target to $199

Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) reported quarterly earnings of $2.46 per share which beat the analyst consensus estimate of $2.33 by 5.58 percent. The company reported quarterly sales of $597.000 million which beat the analyst consensus estimate of $589.577 million by 1.26 percent. This is a 12.05 percent increase over sales of $532.800 million the same period last year.

Earnings Beats

Watts Water Technologies Q2 2024 Adj. EPS $2.46 Beats $2.33 Estimate, Sales $597.000M Beat $589.577M Estimate

Intel Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) is scheduled to report second-quarter 2024 results on Aug 1, after the closing bell. In the to-be-reported quarter, the company is likely to have recorded higher revenues year over year from the Client Computing Group, backed by a strong emphasis on product innovation. Efforts to increase efficiency in semiconductor manufacturing and improve the supply chain are positive factors.
<h3>Factors at Play</h3>
CCG is the company&#39;s largest segment and accounts for the lion&#39;s share of total revenues. It includes computer CPUs, several server boards, form factor systems and graphic products.
During the second quarter, Intel announced that it has surpassed 500 AI models optimized for the Intel core Ultra processors. The models cover a wide array of AI applications including large language models, diffusion, super resolution, object detection and computer vision. These AI applications can be deployed across various processing units within the Ultra Core processors, including CPU, GPU and NPU (Neural Processing Unit). This has significantly bolstered Intel&#39;s position in the emerging market of AI PCs.
Intel is steadily advancing towards its target of shipping more than 40 million AI PC processors in 2024. The company is scaling its AI footprint to edge devices and PCs with its Core Ultra processors, supporting more than 100 software vendors.
In the quarter under review, Intel unveiled the Lunar Lake architecture at Computex 2024. The Lunar Lake processors will bolster the capabilities of Neural Processing Units and deliver significant performance improvement in AI PCs. Featuring advanced graphics and AI processing power, the solution promises improvements across the security, battery life and power efficiency of devices. These developments are likely to have boosted revenues from this segment.
<h3>Overall Expectations</h3>
The Zacks Consensus Estimate for revenues from the CCG segment is pegged at $7.51 billion, indicating an increase from $6.78 billion in the year-ago quarter. Our estimate for revenues from this segment is pegged at $7.43 billion, suggesting 9.7% growth year over year.
For the June quarter, the Zacks Consensus Estimate for total revenues is pegged at $12.92 billion, which indicates a decrease from the year-ago quarter&#39;s reported figure of $12.95 billion. The consensus estimate for adjusted earnings per share stands at 10 cents, suggesting a decline from 13 cents reported in the prior year.
<h3>Earnings Whispers</h3>
Our proven model does not conclusively predict an earnings beat for Intel for the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here. 
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +10.79%. The Most Accurate Estimate is pegged at 11 cents, while the Zacks Consensus Estimate stands at 10 cents.
<div class="chart_embed">
<h3>Intel Corporation Price and EPS Surprise</h3>
<img alt="Intel Corporation Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/89/1722438714.png" style="height:263px; width:538px" title="" />
Intel Corporation price-eps-surprise | Intel Corporation Quote
</div>
Zacks Rank: Intel has a Zacks Rank #4 (Sell).
<h3>Stocks to Consider</h3>
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Fortinet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftnt#NASDAQ">FTNT</a>) is set to release quarterly numbers on Aug 6. It has an Earnings ESP of +3.41% and a Zacks Rank #3.
The Earnings ESP for BWX Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bwxt#NYSE">BWXT</a>) is +0.88% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Aug 5.
The Earnings ESP for Watts Water Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wts#NYSE">WTS</a>) is +1.17% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Aug 7.
<a href="https://www.zacks.com/stock/news/2313381/can-healthy-processor-revenues-aid-intel-s-intc-q2-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2313381">To read this article on Zacks.com click here.</a>

Can Healthy Processor Revenues Aid Intel's Q2 Earnings?

Stifel analyst Nathan Jones maintains Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) with a Hold and raises the price target from $209 to $217.

Stifel Maintains Hold on Watts Water Technologies, Raises Price Target to $217

Watts Water Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) short percent of float has risen 14.59% since its last report. The company recently reported that it has 871 thousand shares sold short, which is 4.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Watts Water Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720813523_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Watts Water Technologies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Watts Water Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Watts Water Technologies's peer group average for short interest as a percentage of float is 3.27%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(WTS) - Analyzing Watts Water Technologies's Short Interest

A substantial insider sell was reported on May 24, by Shashank Patel, Chief Financial Officer at Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>), based on the recent SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000795403/000122520824006349//Archives/edgar/data/795403/000122520824006349/0001225208-24-006349-index.htm">U.S. Securities and Exchange Commission</a> on Friday outlined that Patel executed a sale of 1,508 shares of Watts Water Technologies with a total value of $324,370.
Tracking the Friday's morning session, Watts Water Technologies shares are trading at $210.17, showing a down of 0.0%.
<h3>Get to Know Watts Water Technologies Better</h3>
Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. Its product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates the majority of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.
<h3>A Deep Dive into Watts Water Technologies's Financials</h3>
Revenue Growth: Watts Water Technologies displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 21.03%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 46.86%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Watts Water Technologies's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 2.17.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.18, Watts Water Technologies adopts a prudent financial strategy, indicating a balanced approach to debt management.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Watts Water Technologies's P/E ratio of 26.08 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 3.27 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 16.86, Watts Water Technologies presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Unmasking the Significance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000795403">Check Out The Full List Of Watts Water Technologies's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Decision: Shashank Patel Offloads $324K Worth Of Watts Water Technologies Stock

TIMOTHY HORNE, 10% Owner at Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>), executed a substantial insider sell on May 24, according to an SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000795403/000122520824006350//Archives/edgar/data/795403/000122520824006350/0001225208-24-006350-index.htm">U.S. Securities and Exchange Commission</a> on Friday, HORNE sold 5,000 shares of Watts Water Technologies. The total transaction value is $1,061,150.
The latest update on Friday morning shows Watts Water Technologies shares down by 0.0%, trading at $210.17.
<h3>All You Need to Know About Watts Water Technologies</h3>
Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. Its product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates the majority of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.
<h3>Understanding the Numbers: Watts Water Technologies's Finances</h3>
Positive Revenue Trend: Examining Watts Water Technologies's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 21.03% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 46.86%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 2.17, Watts Water Technologies showcases strong earnings per share.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.18.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 26.08 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 3.27 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 16.86, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000795403">Check Out The Full List Of Watts Water Technologies's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Selling: TIMOTHY HORNE Unloads $1.06M Of Watts Water Technologies Stock

Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $212.0, a high estimate of $225.00, and a low estimate of $206.00. Marking an increase of 4.95%, the current average surpasses the previous average price target of $202.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1715346059_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The perception of Watts Water Technologies by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$225.00</td>
<td>$212.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$209.00</td>
<td>$206.00</td>
</tr>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$208.00</td>
<td>$191.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$206.00</td>
<td>$199.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Watts Water Technologies. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Watts Water Technologies compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Watts Water Technologies's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WTS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Watts Water Technologies analyst ratings.</a>
<h2>Get to Know Watts Water Technologies Better</h2>
Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. Its product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates the majority of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.
<h3>A Deep Dive into Watts Water Technologies's Financials</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Watts Water Technologies's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 9.09%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Watts Water Technologies's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 10.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Watts Water Technologies's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.76%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Watts Water Technologies's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.57%, the company showcases efficient use of assets and strong financial health.
Debt Management: Watts Water Technologies's debt-to-equity ratio is below the industry average at 0.2, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Watts Water Technologies

Baird analyst Michael Halloran maintains Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) with a Neutral and raises the price target from $212 to $225.

Baird Maintains Neutral on Watts Water Technologies, Raises Price Target to $225

Offerings

Watts Water Technologies Files For Mixed Shelf; Size Not Disclosed

Guidance

Watts Water Technologies Raises 2024 Organic Sales Growth By 50 bps (4%)-1%

Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) reported quarterly earnings of $2.33 per share which beat the analyst consensus estimate of $2.10 by 10.95 percent. This is a 21.35 percent increase over earnings of $1.92 per share from the same period last year. The company reported quarterly sales of $570.900 million which beat the analyst consensus estimate of $547.200 million by 4.33 percent. This is a 21.03 percent increase over sales of $471.700 million the same period last year.

Watts Water Technologies Q1 2024 Adj EPS $2.33 Beats $2.10 Estimate, Sales $570.900M Beat $547.200M Estimate

Stifel analyst Nathan Jones maintains Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) with a Hold and raises the price target from $206 to $209.

Stifel Maintains Hold on Watts Water Technologies, Raises Price Target to $209

On March 15, a recent SEC filing unveiled that Virginia Halloran, Chief Accounting Officer at Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) made an insider sell.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000795403/000122520824004256//Archives/edgar/data/795403/000122520824004256/0001225208-24-004256-index.htm">U.S. Securities and Exchange Commission</a> on Friday outlined that Halloran executed a sale of 1,520 shares of Watts Water Technologies with a total value of $307,207.
The latest market snapshot at Friday morning reveals Watts Water Technologies shares down by 0.0%, trading at $202.39.
<h3>About Watts Water Technologies</h3>
Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. Its product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates the majority of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.
<h3>Watts Water Technologies: A Financial Overview</h3>
Revenue Growth: Over the 3 months period, Watts Water Technologies showcased positive performance, achieving a revenue growth rate of 9.09% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 46.68%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Watts Water Technologies's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.67.
</li>
</ul>
Debt Management: Watts Water Technologies's debt-to-equity ratio is below the industry average at 0.2, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 25.88 is lower than the industry average, implying a discounted valuation for Watts Water Technologies's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 3.3 is lower than the industry average, implying a discounted valuation for Watts Water Technologies's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 16.68, Watts Water Technologies could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Illuminating the Importance of Insider Transactions</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000795403">Check Out The Full List Of Watts Water Technologies's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision: Virginia Halloran Offloads $307K Worth Of Watts Water Technologies Stock

TIMOTHY HORNE, 10% Owner at Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>), reported an insider sell on February 28, according to a new SEC filing. 
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000795403/000122520824003151//Archives/edgar/data/795403/000122520824003151/0001225208-24-003151-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday outlined that HORNE executed a sale of 10,000 shares of Watts Water Technologies with a total value of $1,990,831.
The latest market snapshot at Wednesday morning reveals Watts Water Technologies shares down by 0.0%, trading at $199.25.
<h3>Delving into Watts Water Technologies's Background</h3>
Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. Its product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates the majority of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.
<h3>Breaking Down Watts Water Technologies's Financial Performance</h3>
Revenue Growth: Watts Water Technologies's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 9.09%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: With a high gross margin of 46.68%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Watts Water Technologies's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.67.
</li>
</ul>
Debt Management: Watts Water Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.2.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 25.48, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 3.25 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 16.42, Watts Water Technologies could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000795403">Check Out The Full List Of Watts Water Technologies's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Watts Water Technologies 10% Owner Trades Company's Stock

During the last three months, 4 analysts shared their evaluations of Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Watts Water Technologies, presenting an average target of $197.0, a high estimate of $208.00, and a low estimate of $175.00. This upward trend is apparent, with the current average reflecting a 4.65% increase from the previous average price target of $188.25.
<img src="https://www.benzinga.com/files/images/story/2024/1707940827_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Watts Water Technologies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$208.00</td>
<td>$191.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$206.00</td>
<td>$199.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$199.00</td>
<td>$198.00</td>
</tr>
<tr>
<td>Joseph Giordano</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$175.00</td>
<td>$165.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Watts Water Technologies. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Watts Water Technologies compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Watts Water Technologies's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Watts Water Technologies's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/WTS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Watts Water Technologies analyst ratings.</a>
<h2>About Watts Water Technologies</h2>
Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. The company's product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates the majority of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.
<h3>Watts Water Technologies's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Watts Water Technologies showcased positive performance, achieving a revenue growth rate of 8.57% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Watts Water Technologies's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 10.19%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Watts Water Technologies's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.76%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Watts Water Technologies's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.58%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.2, Watts Water Technologies adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Unveiling 4 Analyst Insights On Watts Water Technologies

WIIM

ACHR

ACVA

AIRT

ALLE

AMRC

AMWD

ARRY

ASGN

BLDP

BLDR

CAAP

CARR

CHPT

CLVT

CNHI

ENVX

EOSE

EXPO

FCEL

FELE

FLNC

FREY

FTCI

FVRR

GNRC

JOBY

KRNT

LICY

MATW

MNTS

MYRG

NOTE

NPWR

NVRI

PLUG

PXDT

RELX

RKLB

SCWO

SHLS

SITE

SKYX

SPCE

SPWR

STEM

TGLS

TITN

UFPI

WLGS

XMTR

Shares of several companies in the broader industrial sector are trading lower as stocks fall following a greater-than-expected increase in January inflation data.

Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) reported its Q4 earnings results on Monday, February 12, 2024 at 04:35 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Watts Water Technologies beat estimated earnings by 10.67%, reporting an EPS of $1.97 versus an estimate of $1.78.
Revenue was up $45.60 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.21 which was followed by a 6.85% increase in the share price the next day.
Here's a look at Watts Water Technologies's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.83</td>
<td>2.05</td>
<td>1.64</td>
<td>1.53</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.04</td>
<td>2.34</td>
<td>1.92</td>
<td>1.60</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>497.39M</td>
<td>529.93M</td>
<td>473.30M</td>
<td>486.46M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>504.30M</td>
<td>532.80M</td>
<td>471.70M</td>
<td>501.90M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Watts Water Technologies <a href="https://www.benzinga.com/quote/WTS/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Watts Water Technologies: Q4 Earnings Insights

Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) reported quarterly earnings of $1.97 per share which beat the analyst consensus estimate of $1.78 by 10.67 percent. The company reported quarterly sales of $547.50 million which beat the analyst consensus estimate of $532.59 million by 2.80 percent. This is a 9.09 percent increase over sales of $501.90 million the same period last year.

Watts Water Technologies Q4 2023 Adj EPS $1.97 Beats $1.78 Estimate, Sales $547.50M Beat $532.59M Estimate

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Watts Water Technologies

Watts Water Technologies (WTS) Forecast

Watts Water Technologies (NYSE:WTS) Stock, Quote.Headers.trade-ideas