Watts Water Technologies Analysts Boost Their Forecasts After Better-Than-Expected Results

Watts Water Technologies, Inc. WTS posted better-than-expected fourth-quarter financial results after the closing bell on Monday.

Watts Water Technologies reported quarterly earnings of $2.05 per share which beat the analyst consensus estimate of $1.91 per share. The company reported quarterly sales of $540.400 million which beat the analyst consensus estimate of $537.260 million.

Chief Executive Officer Robert J. Pagano Jr. commented, “We closed out 2024 with record results for the quarter and full year, including record operating income, adjusted earnings per share and full year sales. I would like to commend the Watts team for their dedication throughout 2024 as we delivered on our commitments to serve our customers, executed on new product development and advanced our long-term strategy.”

Watts Water Technologies shares fell 1.8% to trade at $220.61 on Wednesday.

These analysts made changes to their price targets on Watts Water Technologies following earnings announcement.

Stifel analyst Nathan Jones maintained Watts Water Technologies with a Hold and raised the price target from $218 to $219.
Goldman Sachs analyst Brian Lee maintained the stock with a Neutral and boosted the price target from $197 to $217.

Considering buying WTS stock? Here’s what analysts think: