Analysts Offer Predictions for Watts Water Technologies Inc’s Q2 2019 Earnings (WTS)

Analysts Offer Predictions for Watts Water Technologies Inc’s Q2 2019 Earnings (WTS)

Watts Water Technologies Inc (NYSE:WTS) – Investment analysts at Seaport Global Securities issued their Q2 2019 earnings per share estimates for Watts Water Technologies in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst W. Liptak forecasts that the technology company will post earnings of $1.07 per share for the quarter. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Watts Water Technologies’ Q3 2019 earnings at $1.02 EPS and Q4 2019 earnings at $0.96 EPS.

WTS has been the subject of a number of other research reports. Boenning Scattergood reissued a “buy” rating on shares of Watts Water Technologies in a research note on Monday, November 20th. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price objective on shares of Watts Water Technologies in a research note on Thursday, December 14th. Northcoast Research set a $90.00 price objective on shares of Watts Water Technologies and gave the stock a “buy” rating in a research note on Friday, January 19th. KeyCorp reissued a “hold” rating on shares of Watts Water Technologies in a research note on Friday, November 3rd. Finally, Robert W. Baird boosted their price objective on shares of Watts Water Technologies from $71.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $78.00.

Watts Water Technologies (NYSE:WTS) opened at $77.15 on Friday. The company has a market cap of $2,630.00, a P/E ratio of 36.39, a P/E/G ratio of 1.78 and a beta of 1.13. Watts Water Technologies has a 12 month low of $59.15 and a 12 month high of $82.35. The company has a quick ratio of 1.70, a current ratio of 2.39 and a debt-to-equity ratio of 0.57.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Monday, February 12th. The technology company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $366.30 million during the quarter, compared to the consensus estimate of $365.35 million. Watts Water Technologies had a net margin of 5.02% and a return on equity of 12.93%. Watts Water Technologies’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, March 1st. Watts Water Technologies’s payout ratio is presently 35.85%.

In other news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $73.09, for a total transaction of $288,778.59. Following the transaction, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at $10,047,974.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $73.53, for a total value of $871,477.56. Following the completion of the transaction, the chief executive officer now directly owns 137,474 shares in the company, valued at $10,108,463.22. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new position in shares of Watts Water Technologies in the 4th quarter valued at $996,000. Gotham Asset Management LLC increased its position in shares of Watts Water Technologies by 63.7% in the 4th quarter. Gotham Asset Management LLC now owns 9,925 shares of the technology company’s stock valued at $754,000 after acquiring an additional 3,861 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Watts Water Technologies by 8.1% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 13,300 shares of the technology company’s stock valued at $1,010,000 after acquiring an additional 1,000 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of Watts Water Technologies by 52.9% in the 4th quarter. TIAA CREF Investment Management LLC now owns 184,397 shares of the technology company’s stock valued at $14,005,000 after acquiring an additional 63,766 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Watts Water Technologies by 2.3% in the 4th quarter. Teachers Advisors LLC now owns 65,106 shares of the technology company’s stock valued at $4,945,000 after acquiring an additional 1,443 shares during the period. 78.21% of the stock is currently owned by hedge funds and other institutional investors.

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Watts Water Technologies Company Profile

Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.

Earnings History and Estimates for Watts Water Technologies (NYSE:WTS)

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Watts Water Technologies Inc (NYSE:WTS) – Seaport Global Securities issued their Q2 2019 earnings per share (EPS) estimates for shares of Watts Water Technologies in a research note issued on Wednesday. Seaport Global Securities analyst W. Liptak anticipates that the technology company will post earnings of $1.07 per share for the quarter. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Watts Water Technologies’ Q3 2019 earnings at $1.02 EPS and Q4 2019 earnings at $0.96 EPS.

WTS has been the subject of several other research reports. Boenning Scattergood restated a “buy” rating on shares of Watts Water Technologies in a report on Monday, November 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 target price on shares of Watts Water Technologies in a research report on Thursday, December 14th. Northcoast Research set a $90.00 target price on Watts Water Technologies and gave the company a “buy” rating in a research report on Friday, January 19th. KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. Finally, Robert W. Baird lifted their target price on Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Watts Water Technologies currently has a consensus rating of “Hold” and an average target price of $78.00.

Shares of Watts Water Technologies (NYSE WTS) opened at $77.15 on Friday. The company has a market capitalization of $2,630.00, a P/E ratio of 36.39, a PEG ratio of 1.78 and a beta of 1.13. Watts Water Technologies has a 1-year low of $59.15 and a 1-year high of $82.35. The company has a current ratio of 2.39, a quick ratio of 1.70 and a debt-to-equity ratio of 0.57.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Monday, February 12th. The technology company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The firm had revenue of $366.30 million during the quarter, compared to the consensus estimate of $365.35 million. Watts Water Technologies had a return on equity of 12.93% and a net margin of 5.02%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.76 annualized dividend and a dividend yield of 0.99%. Watts Water Technologies’s payout ratio is 35.85%.

In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $73.09, for a total value of $288,778.59. Following the transaction, the chief executive officer now owns 137,474 shares of the company’s stock, valued at $10,047,974.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $73.53, for a total value of $871,477.56. Following the completion of the transaction, the chief executive officer now directly owns 137,474 shares in the company, valued at approximately $10,108,463.22. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its stake in shares of Watts Water Technologies by 4.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 185,077 shares of the technology company’s stock valued at $12,808,000 after buying an additional 7,582 shares during the period. OxFORD Asset Management LLP raised its stake in shares of Watts Water Technologies by 18.5% in the third quarter. OxFORD Asset Management LLP now owns 41,871 shares of the technology company’s stock valued at $2,903,000 after buying an additional 6,526 shares during the period. Wells Fargo & Company MN raised its stake in shares of Watts Water Technologies by 37.5% in the third quarter. Wells Fargo & Company MN now owns 41,400 shares of the technology company’s stock valued at $2,864,000 after buying an additional 11,289 shares during the period. Palisade Capital Management LLC NJ raised its stake in shares of Watts Water Technologies by 10.5% in the third quarter. Palisade Capital Management LLC NJ now owns 201,205 shares of the technology company’s stock valued at $13,923,000 after buying an additional 19,179 shares during the period. Finally, Guyasuta Investment Advisors Inc. raised its stake in shares of Watts Water Technologies by 10.6% in the third quarter. Guyasuta Investment Advisors Inc. now owns 20,800 shares of the technology company’s stock valued at $1,439,000 after buying an additional 2,000 shares during the period. 78.21% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Analysts Offer Predictions for Watts Water Technologies Inc’s Q2 2019 Earnings (WTS)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/18/analysts-offer-predictions-for-watts-water-technologies-incs-q2-2019-earnings-wts.html.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.

Earnings History and Estimates for Watts Water Technologies (NYSE:WTS)

Receive News & Ratings for Watts Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

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