Watts Water Technologies, Inc. with ticker code (WTS) have now 5 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 180 and 130 with the average target price sitting at $166.00. Now with the previous closing price of $160.55 this would indicate that there is a potential upside of 3.4%. Also worth taking note is the 50 day moving average now sits at $168.40 and the 200 moving average now moves to $148.36. The market capitalization for the company is $5,341m. Find out more information at: https://www.watts.com
The potential market cap would be $5,522m based on the market consensus.
Watts Water Technologies, Inc. manufactures and sells products, solution, and systems that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control and protection products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, thermostatic mixing valves, and leak detection and protection products for plumbing and hot water applications. It also provides heating, ventilation, and air conditioning and gas products, such as commercial boilers, water heaters and heating solutions, hydronic and electric heating systems for under-floor radiant applications, custom heat and hot water solutions, hydronic pump groups for boiler manufacturers and alternative energy control packages, and flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications. In addition, the company offers drainage and water re-use products comprising drainage products and engineered rain water harvesting solutions for commercial, industrial, marine, and residential applications; and water quality products that include point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems for commercial and residential applications. The company sells its products to plumbing, heating, and mechanical wholesale distributors and dealers, as well as original equipment manufacturers, specialty product distributors, do-it-yourself chains, and retail chains; and directly to wholesalers and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.
The company has a dividend yield of 0.75% with the ex dividend date set at 28-2-2023 (DMY).
Other points of data to note are a P/E ratio of 21.4, revenue per share of 59.09 and a 10.69% return on assets.
