Alert: Positive Investment/Fundamental Signals (12/4/23)-Watts Water Technologies Inc (NYSE: WTS)


Important positive changes in Watts Water Technologies Inc (NYSE: WTS) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.

Recent notable positive changes in fundamentals have benefitted Watts Water Technologies Inc (NYSE: WTS): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

WTS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Watts Water Technologies has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Watts Water Technologies has a poor Appreciation Score of 16 but a good Power Rating of 83, resulting in the Neutral Value Trend Rating.

Recent Price Action

Watts Water Technologies Inc (NYSE: WTS) stock closed at $197.58 on 12/4/23 after a modest gain of 0.6%. However, trading volume in this advance was below average at 68% of normal. The stock has risen 0.8% during the last week and has been exceptionally strong relative to the market over the last nine months.

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