Watts Water TechnologiesWTS
Market Cap: $6.51B
About: 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.
Employees: 5,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
25% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 40
3% more funds holding
Funds holding: 390 [Q1] → 400 (+10) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 144
0.86% more ownership
Funds ownership: 93.36% [Q1] → 94.22% (+0.86%) [Q2]
13% less capital invested
Capital invested by funds: $5.42B [Q1] → $4.72B (-$698M) [Q2]
38% less call options, than puts
Call options by funds: $440K | Put options by funds: $715K
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Stifel Nathan Jones 65% 1-year accuracy 41 / 63 met price target | 4%upside $202 | Hold Maintained | 9 Aug 2024 |
Baird Michael Halloran 45% 1-year accuracy 10 / 22 met price target | 2%upside $199 | Neutral Maintained | 9 Aug 2024 |
Stifel Nathan Jones 65% 1-year accuracy 41 / 63 met price target | 11%upside $217 | Hold Maintained | 18 Jul 2024 |
Financial journalist opinion
Based on 3 articles about WTS published over the past 30 days