Watts Water Technologies Azioni (NYSE: WTS)

Ultime notizie per Watts Water Technologies (NYSE:WTS) Azioni

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.

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

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>B of A Securities analyst Jessica Ehrlich upgraded the rating for Charter Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) from Neutral to Buy and raised the price target from $385 to $450. Charter Communications shares closed at $366.49 on Friday. <a href="https://www.benzinga.com/quote/CHTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northcoast Research analyst Ryan Connors upgraded Watts Water Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) from Neutral to Buy and announced a $225 price target. Watts Water Technologies shares closed at $193.68 on Friday. <a href="https://www.benzinga.com/quote/WTS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Samad Samana upgraded the rating for Vertex Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERX#NASDAQ">VERX</a>) from Hold to Buy and increased the price target from $35 to $50. Vertex shares closed at $42.17 on Friday. <a href="https://www.benzinga.com/quote/VERX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Tim Long upgraded Keysight Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) from Equal-Weight to Overweight and raised the price target from $158 to $180. Keysight shares closed at $151.55 on Friday. <a href="https://www.benzinga.com/quote/KEYS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Matthew Cost upgraded the rating for Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) from Equal-Weight to Overweight and raised the price target from $38 to $65. Roblox shares closed at $51.44 on Friday. <a href="https://www.benzinga.com/quote/RBLX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying RBLX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="575" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04095120/image-13-1024x575.png" alt="" class="wp-image-628018" style="width:664px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04095120/image-13-1024x575.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04095120/image-13-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04095120/image-13-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04095120/image-13.png 1188w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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News

Upgrades

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

CHTR

KEYS

RBLX

VERX

This Roblox Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

Northcoast Research analyst Ryan Connors upgrades Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) from Neutral to Buy and announces $225 price target.

Price Target

Northcoast Research Upgrades Watts Water Technologies to Buy, Announces $225 Price Target

Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) .

Guidance

Watts Water Technologies Expect FY 2024 Reported sales to increase 9% to 10%.

Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) reported quarterly earnings of $2.03 per share which beat the analyst consensus estimate of $1.99 by 2.01 percent. This is a 0.49 percent decrease over earnings of $2.04 per share from the same period last year. The company reported quarterly sales of $543.60 million which beat the analyst consensus estimate of $542.15 million by 0.27 percent. This is a 7.79 percent increase over sales of $504.30 million the same period last year.

Earnings

Earnings Beats

Watts Water Technologies Q3 Adj $2.03 Beats $1.99 Estimate, Sales $543.60M Beat $542.15M Estimate

Management

Watts Water Technologies CFO Shashank Patel To Retire March 15, 2025

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.

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.

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>

Penny Stocks

Tech

BWXT

FTNT

INTC

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.
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<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.
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<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

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.
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<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

Reports Q3 revenue $544M, consensus $542.15M. Chief Executive Officer and President Robert J. Pagano Jr. commented, "We are pleased with our third ...

Watts Water reports Q3 adjusted EPS $2.03, consensus $1.99

The company said, "The Company is raising the midpoint of its full year operating margin outlook by 20 basis points and narrowing its full year sal...

Watts Water sees FY24 revenue growth 9%-10%

Watts Water Technologies announces CFO retirement

An update from Watts Water Technologies ( ($WTS) ) is now available. Watts Water Technologies announced a robust third quarter for 2024, with sales...

Watts Water Reports Strong Q3 2024 Performance

Watts Water Technologies Non-GAAP EPS of $2.03 beats by $0.04, revenue of $544M beats by $2.5M

Oppenheimer analyst Bryan Blair maintained a Hold rating on Watts Water Technologies (WTS – Research Report) today. The company's shares closed yes...

Watts Water Technologies (WTS) Receives a Rating Update from a Top Analyst

Watts Water Technologies, Inc. (WTS) Q3 2024 Earnings Call Transcript

The industrial sector is seeing strong growth potential due to rising demand for machinery and services, boosted by advanced technologies and supportive government policies. Hence, fundamentally sound industrial stocks Littelfuse (LFUS), Watts Water Technologies, Inc. (WTS), and Franklin Electric (FELE), might be solid buys for gains next year. Read more... The industrial sector's prospects appear promising due to the increasing demand for goods and services, the shift to smart factories with advanced technologies like robotics and IoT, and government initiatives that boost domestic manufacturing and infrastructure investment.
Given the favorable outlook for the sector, investors could consider investing in high-quality industrial stocks like Littelfuse, Inc. (<a href="https://stocknews.com/stock/LFUS/">LFUS</a>), Watts Water Technologies, Inc. (<a href="https://stocknews.com/stock/WTS/">WTS</a>), and Franklin Electric Co., Inc. (<a href="https://stocknews.com/stock/FELE/">FELE</a>), which are strategically positioned to benefit from the current manufacturing boom.
The industrial sector is experiencing a digital transformation in the era of Industry 4.0, leading to increased productivity and efficiency. The global Industry 4.0 market is projected to reach $482 billion by 2032, registering a <a href="https://market.us/report/industry-4-0-market/">CAGR of 20.7%</a>.
Driven by the rapid adoption of industrial automation, the global industrial services market is projected to expand at a <a href="https://www.grandviewresearch.com/industry-analysis/industrial-services-market-report">6.5% CAGR</a> from 2024 to 2030. As companies embrace these technologies, the demand for more advanced and reliable industrial services continues to rise.
Moreover, the U.S. government is driving industrial growth through the Chips Act and the Inflation Reduction Act. By offering financial incentives and encouraging public-private partnerships, these government policies are fostering an industrial resurgence, paving the way for advanced technologies and sustainable growth in the U.S.
Let's assess why the three featured <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial-Manufacturing</a> stocks are worth investing in now.
Stock #3: Littelfuse, Inc. (<a href="https://stocknews.com/stock/LFUS/">LFUS</a>)
LFUS designs, manufactures, and sells electronic components, modules, and subassemblies worldwide. The company operates through three segments: Electronics; Transportation; and Industrial.
On October 5, 2024, LFUS announced the launch of RCMP20 Residual Current Monitor Series for Mode 2 and Mode 3 EV charging stations. Featuring the largest current transformer (CT) aperture in the industry, the RCMP20 Series enhances Littelfuse's growing portfolio of EV infrastructure solutions.
In the fiscal second quarter ended June 29, 2024, LFUS's net sales amounted to $558 million. Its gross profit was $207.00 million. Moreover, its <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> and adjusted EPS came in at $45.47 million and $1.97, respectively.
Street projects LFUS' revenue and EPS to rise 4.1% and 17.9% year-over-year to $557.72 million and $2.08 in the fiscal fourth quarter ending December 2024. It has exceeded the EPS consensus estimate in each of the four previous quarters, which is impressive.
The stock has climbed 13.6% over the past year and soared 9.5% over the past six months to close the last trading session at $253.12.
LFUS's <a href="https://stocknews.com/stock/WTS/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
It has a B for Quality. It is ranked #12 out of 34 stocks in the B-rated <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial-Manufacturing</a> industry.
To access LFUS's Growth, Value, Sentiment, Stability, and Momentum ratings, click <a href="https://stocknews.com/stock/LFUS/ratings/">here</a>.
Stock #2: Watts Water Technologies, Inc. (<a href="https://stocknews.com/stock/WTS/">WTS</a>)
WTS operates globally through its flow management, HVAC, and water quality solutions. It operates through three segments, namely Americas; Europe; and Asia-Pacific, Middle East &amp; Africa (APMEA).
On September 13, 2024, WTS paid a quarterly dividend of $0.43 per share. It pays an annual dividend of $1 per share, which translates to a yield of 0.98% on prevailing prices, higher than its four-year average yield of 90%.
During the fiscal second quarter that ended June 30, 2024, WTS's total sales increased 12% year-over-year to $597 million with flat organic sales. Its reported operating margin was 18.7%, while the adjusted operating margin was 18.8%. Additionally, adjusted EPS was $2.46, up 5% year-over-year.
Analysts expect WTS' revenue for the quarter ended September 30, 2024, to increase 7.4% year-over-year to $541.50 million. The company has an excellent earnings surprise history; it surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.
Over the past year, the stock has gained 21.2% to close the last trading session at $200.41. It soared 5.57% year-to-date.
WTS's POWR Ratings reflect solid prospects. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
WTS has a B grade for Quality. It is ranked #9 out of 34 stocks in the same industry.
Beyond what we have stated above, we also have given WTS grades for Growth, Value, Momentum, Sentiment and Stability. Get all the WTS's ratings <a href="https://stocknews.com/stock/WTS/">here</a>.
Stock #1: Franklin Electric Co., Inc. (<a href="https://stocknews.com/stock/FELE/">FELE</a>)
FELE designs, manufactures, and distributes water and fuel pumping systems globally. The company operates through three segments Water Systems, Fueling Systems, and Distribution.
On August 15, FELE paid a quarterly cash dividend of $0.25 per share.
In the fiscal second quarter, which ended June 30, 2024, FELE's gross profit increased 6% from the prior year-quarter to $199.80 million. The company posted a net income of $59.10 million, and its EPS came in at $1.28.
Street expects FELE's revenue for the fiscal third quarter (ended September 2024) to increase 2.4% year-over-year to $551.08 million. Its EPS for the same quarter is projected to grow 2.8% from the prior year to $1.27.
Shares of FELE have gained 21.2% over the past year and 5.6% year-to-date to close the last trading session at $102.40.
FELE's bright prospects are apparent in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Stability and Quality. Within the same industry, it is ranked #7.
Click <a href="https://stocknews.com/stock/FELE/ratings/">here</a> to see FELE's other ratings for Growth, Value, Momentum, and Sentiment.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
WTS shares were trading at $198.89 per share on Thursday afternoon, down $1.52 (-0.76%). Year-to-date, WTS has declined -3.94%, versus a 23.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/wts-lfus-fele-3-industrial-stocks-to-benefit-from-a-manufacturing-boom/>3 Industrial Stocks to Benefit from a Manufacturing Boom</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Industrial Stocks to Benefit from a Manufacturing Boom

Northcoast upgraded Watts Water (WTS) to Buy from Neutral with a $225 price target Published first on TheFly – the ultimate source for real-time, m...

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