(WTS) Watts Water Technologies - Ratings and Ratios

Watts Water Technologies Inc is a leading global supplier of systems, products, and solutions that manage and conserve fluid and energy flow in commercial, industrial, and residential buildings. The companys extensive product portfolio includes flow control and protection products, heating and cooling solutions, drainage and water reuse products, and water quality systems. With a presence in over 100 countries, Watts Water Technologies serves a diverse customer base, including plumbing, heating, and mechanical wholesale distributors, original equipment manufacturers, and retail chains.

The companys product offerings cater to various applications, including plumbing, HVAC, and gas systems. Its residential and commercial flow control products, such as backflow preventers and water pressure regulators, ensure safe and efficient water distribution. The companys heating and cooling solutions, including commercial boilers and hydronic heating systems, provide energy-efficient alternatives for building owners and managers. Additionally, Watts Water Technologies drainage and water reuse products, such as engineered rainwater harvesting systems, help reduce water waste and promote sustainability.

Analyzing the , we observe that the stocks last price is $244.65, slightly above its 20-day simple moving average (SMA) of $241.18. The 50-day SMA is $217.85, indicating a potential support level, while the 200-day SMA is $208.45, suggesting a long-term uptrend. The average true range (ATR) is 2.28%, indicating moderate volatility. Considering the , the companys market capitalization is approximately $8.1 billion, with a price-to-earnings (P/E) ratio of 27.77 and a forward P/E of 26.74. The return on equity (RoE) is 17.24%, indicating a relatively strong profitability.

Based on the and , our forecast suggests that Watts Water Technologies Inc is likely to continue its upward trend, driven by its strong product portfolio and diversified customer base. The stock may face resistance around $245, but a break above this level could lead to further gains. Conversely, a decline below the 50-day SMA of $217.85 may signal a correction. We expect the stock to trade between $230 and $260 in the near term, with a potential target of $270 in the next 6-12 months, driven by the companys continued focus on innovation and sustainability.