Water tech stocks see analyst upgrades and new institutional stakes

Select Water Solutions (NYSE:WTTR) received a rating upgrade from Wall Street Zen, moving from a "hold" to a "buy" recommendation. Several other analysts have issued recent reports, with price targets ranging from $21 to $24 and consensus ratings of "moderate buy" on the stock. The company reported earnings per share of $0.08 for the quarter, beating estimates, on revenue of $365.96 million.

Fifth Third Bancorp increased its stake in Watts Water Technologies (NYSE:WTS) by purchasing an additional 13,125 shares, bringing its total holding to 13,371 shares valued at about $3.9 million. Institutional investors collectively own roughly 95 % of WTS, and recent analyst notes show mixed sentiment, with a consensus rating of "hold" and price targets around $350.

Both companies operate in the water technology sector and have attracted heightened analyst attention and institutional investment in recent weeks.