Watts Water Stock Hits New 52-Week High (WTS)

NEW YORK ( TheStreet) -- Watts Water Technologies (NYSE: WTS) hit a new 52-week high Thursday as it is currently trading at $41.34, above its previous 52-week high of $41.27 with 14,994 shares traded as of 10:20 a.m. ET. Average volume has been 291,400 shares over the past 30 days.

Watts Water has a market cap of $1.09 billion and is part of the industrial goods sector and industrial industry. Shares are up 20.2% year to date as of the close of trading on Wednesday.

Watts Water Technologies, Inc. designs, manufactures, and sells water safety and flow control products for the water quality, water conservation, water safety, and water flow control markets in North America, Europe, and Asia. The company has a P/E ratio of 21.6, below the average industrial industry P/E ratio of 23 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Watts Water as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Watts Water Ratings Report.

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