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Enter Symbol:
Watts Water Technologies, Inc. (WTS) [hlAlert]

up 43.92 %

Watts Water Technologies, Inc. (WTS) rated Buy with price target $43 by Davenport

Posted on: Thursday,  May 5, 2011  1:25 PM ET by Davenport

Davenport rated Buy Watts Water Technologies, Inc. (NYSE: WTS) on 05/05/2011. Previously Davenport rated Buy Watts Water Technologies, Inc. (NYSE: WTS) on
07/24/2007., when the stock price was $37.86. Since then, Watts Water Technologies, Inc. has gained 43.92% as of 01/04/2016's recent price of $54.49.
If you would have followed the previous Davenport's recommendation on WTS, you would have gained 43.92% of your investment in 3086 days.

Watts Water Technologies, Inc. (Watts) is a supplier of products for use in the water quality, water safety, water flow control and water conservation markets. The Company operates its business in three geographic segments: North America, Europe and China. Watts distributes its products through three primary distribution channels: wholesale, do-it-yourself (DIY) and original equipment manufacturers (OEMs). Watts sells its products for the residential construction and home repair and remodeling industries through DIY plumbing retailers, national catalog distribution companies, hardware stores, building material outlets and retail home center chains, and through plumbing and heating wholesalers. In addition, it sells products directly to certain large OEMs and private-label accounts. During the year ended December 31, 2008, water quality products accounted for approximately 17% of its total sales. In May 2008, Watts completed the acquisition of Blucher Metal A/S.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/5/2011 1:25 PM Buy
36.32 43.00
as of 12/30/2011
1 Week down  -3.11 %
1 Month down  -10.44 %
3 Months up  28.36 %
1 YTD down  -6.50 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/2/2007 3:25 PM Buy
34.36 42.00
7/24/2007 3:25 PM Buy
37.86 45.00

(*) Stock Price at the time of the recommendation.
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