Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Watts Water Technologies A / Equity Bottom-Up

<ul><li>Watts Water Technologies reported its first quarter results for 2025, which showed a mix of positive achievements and ongoing challenges.</li><li>The company experienced record operating income and operating margins, along with adjusted earnings per share.</li><li>Despite these results, organic sales declined by 2%, impacted by fewer shipping days and weakness in the European market.</li></ul>

Watts Water Technologies reported its first quarter results for 2025, which showed a mix of positive achievements and ongoing challenges.The company experienced record operating income and operating margins, along with adjusted earnings per share.Despite these results, organic sales declined by 2%, impacted by fewer shipping days and weakness in the European market.

Watts Water Technologies: Vertical Integration & U.S.-Based Manufacturing to Capitalize On Its Competitive Advantages In Manufacturing & Distribution!

<ul><li>Watts Water Technologies Inc. reported strong financial performance in 2024 with record metrics in several areas, despite some challenges.</li><li>The year marked their 150th anniversary, underscoring the company's long-standing presence in the industry.</li><li>The recorded results demonstrated the impact of strategic investments and operational efficiencies in mitigating broader economic pressures.</li></ul>

Watts Water Technologies Inc. reported strong financial performance in 2024 with record metrics in several areas, despite some challenges.The year marked their 150th anniversary, underscoring the company's long-standing presence in the industry.The recorded results demonstrated the impact of strategic investments and operational efficiencies in mitigating broader economic pressures.

Watts Water Technologies: An Insight Into Its Market Dynamics and Regional Opportunities!

<ul><li>Watts Water Technologies, Inc. reported a mixed performance for the third quarter of 2024, with some regions and product lines experiencing growth, while others faced challenges.</li><li>The company’s results exceeded expectations in general, though organic sales were down 4% overall.</li><li>This was primarily due to strong growth in Asia-Pacific, Middle East, and Africa (APMEA) offset by declines in the Americas and Europe.</li></ul>

Watts Water Technologies, Inc. reported a mixed performance for the third quarter of 2024, with some regions and product lines experiencing growth, while others faced challenges.The company’s results exceeded expectations in general, though organic sales were down 4% overall.This was primarily due to strong growth in Asia-Pacific, Middle East, and Africa (APMEA) offset by declines in the Americas and Europe.

Watts Water’s Smart Solutions Revolution: How Nexa is Solving Critical Industry Challenges! - Major Drivers

<ul><li>Watts Water Technologies, Inc. delivered a strong-second quarter performance for 2024, with record sales, adjusted operating income, and earnings per share.</li><li>The results were boosted by better-than-expected organic sales in the Americas and APMEA regions, although partly offset by weaker sales in Europe.</li><li>The company's ability to manage inventory and productivity effectively contributed to the positive financial results.</li></ul>

Watts Water Technologies, Inc. delivered a strong-second quarter performance for 2024, with record sales, adjusted operating income, and earnings per share.The results were boosted by better-than-expected organic sales in the Americas and APMEA regions, although partly offset by weaker sales in Europe.The company's ability to manage inventory and productivity effectively contributed to the positive financial results.

Watts Water Technologies: Initiation Of Coverage - These Are The 4 Biggest Challenges In Its Path! - Major Drivers

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Dow Jones Industrial Average / Technical Analysis

<ul>
<li>The S&amp;P 500 has marginally surpassed the 4300-4325 area which we have anticipated would cap upside for 2023. </li>
<li>As noted in our 6/6/23 Compass, we are vigilant at these levels given we expect inflation to remain elevated, but we <em><strong>cannot be bearish</strong></em>if the SPX is above 4165-4200</li>
<li>Breadth has continued to improve within the Russell 2000, and the $IWM is approaching our first target of $190 following the breakout above $180. Also see breadth improving within SPX.</li>
</ul>


The S&amp;P 500 has marginally surpassed the 4300-4325 area which we have anticipated would cap upside for 2023. 
As noted in our 6/6/23 Compass, we are vigilant at these levels given we expect inflation to remain elevated, but we cannot be bearishif the SPX is above 4165-4200
Breadth has continued to improve within the Russell 2000, and the $IWM is approaching our first target of $190 following the breakout above $180. Also see breadth improving within SPX.


Dow Testing 1-Year Resistance at 34,280 Ahead of FOMC; Buy Ideas Within Manufacturing/Industrials

United States

Watts Water Technologies, Inc. designs, manufactures, and sells a line of products to the water regulation and control markets.  The Company has manufacturing plants and distribution channels in the United States, Canada, and Europe, as well as a joint venture in The People's Republic of China.

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Watts Water Technologies A (WTS US)

Watts Water Technologies: Vertical Integration & U.S.-Based Manufacturing to Capitalize On Its Competitive Advantages In Manufacturing & Distribution!

Watts Water Technologies reported its first quarter results for 2025, which showed a mix of positive achievements and ongoing challenges. The...

Baptista Research

Watts Water Technologies: An Insight Into Its Market Dynamics and Regional Opportunities!

Watts Water Technologies Inc. reported strong financial performance in 2024 with record metrics in several areas, despite some challenges. The...

Baptista Research

Watts Water’s Smart Solutions Revolution: How Nexa is Solving Critical Industry Challenges! - Major Drivers

Watts Water Technologies, Inc. reported a mixed performance for the third quarter of 2024, with some regions and product lines experiencing...

Baptista Research

Watts Water Technologies: Initiation Of Coverage - These Are The 4 Biggest Challenges In Its Path! - Major Drivers

Watts Water Technologies, Inc. delivered a strong-second quarter performance for 2024, with record sales, adjusted operating income, and earnings...

Baptista Research

Dow Testing 1-Year Resistance at 34,280 Ahead of FOMC; Buy Ideas Within Manufacturing/Industrials

Dow $DJI Testing 1-Year Resistance at 34,280 ahead of FOMC. Breadth continues to improve within the Russell 2000 $IWM, and breadth improving within...

Vermilion Research

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