Watts Water Technologies Receives a Hold from OppenheimerBy Austin Angelo
According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 3.8% and a 58.9% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Mueller Water Products, and Rexnord Corporation.
Watts Water Technologies has an analyst consensus of Hold, with a price target consensus of $63.
Based on Watts Water Technologies’ latest earnings report from March 31, the company posted quarterly revenue of $344.2M and quarterly net profit of $16.2M. In comparison, last year the company earned revenue of $366.3M and had a net profit of -$25.7M.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Kenneth Robert Lepage, the General Counsel of WTS sold 31,362 shares for a total of $2,023,577.
Watts Water Technologies, Inc. engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, EMEA, and Asia Pacific. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks. The company was founded in 1985 and is headquartered in North Andover, MA.