Watts Water Technologies Gets a Hold Rating from Robert W. Baird

By Jason Carr

Robert W. Baird analyst Michael Halloran reiterated a Hold rating on Watts Water Technologies (NYSE: WTS) yesterday and set a price target of $80. The company’s shares opened today at $76.65.

According to TipRanks.com, Halloran is a 5-star analyst with an average return of 14.8% and a 77.1% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Advanced Drainage Systems, and Emerson Electric Company.

Currently, the analyst consensus on Watts Water Technologies is Moderate Buy and the average price target is $82.50, representing a 7.6% upside.

In a report issued on February 5, Cowen & Co. also reiterated a Hold rating on the stock with a $70 price target.

The company has a one-year high of $82.35 and a one-year low of $59.15. Currently, Watts Water Technologies has an average volume of 122.8K.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Elie Melhem, the President- APAC, M. East, Afr. of WTS sold 2,545 shares for a total of $179,375.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.