Watts Water Technologies Inc (NYSE:WTS) has been given an average rating of “Hold” by the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. 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. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $78.00.
Several analysts have commented on WTS shares. Boenning Scattergood reissued a “buy” rating on shares of Watts Water Technologies in a research report on Monday, November 20th. Northcoast Research set a $90.00 target price on shares of Watts Water Technologies and gave the stock a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 price objective on shares of Watts Water Technologies in a report on Thursday, December 14th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a report on Friday, November 3rd.
Watts Water Technologies (WTS) traded up $0.85 during mid-day trading on Friday, reaching $77.85. 102,756 shares of the company’s stock traded hands, compared to its average volume of 134,501. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.39 and a quick ratio of 1.60. The company has a market capitalization of $2,660.00, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 1.76 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.
Watts Water Technologies (NYSE:WTS) last posted its earnings results on Monday, February 12th. The technology company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. sell-side analysts expect that Watts Water Technologies will post 3.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, March 1st. Watts Water Technologies’s dividend payout ratio is currently 35.85%.
In related news, insider Robert J. Pagano, Jr. sold 16,248 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $76.89, for a total transaction of $1,249,308.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Munish Nanda sold 6,953 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $75.66, for a total transaction of $526,063.98. Following the sale, the insider now directly owns 31,560 shares of the company’s stock, valued at $2,387,829.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,979 shares of company stock valued at $3,616,652. 1.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of WTS. Nationwide Fund Advisors raised its stake in Watts Water Technologies by 0.8% during the 2nd quarter. Nationwide Fund Advisors now owns 17,452 shares of the technology company’s stock valued at $1,103,000 after purchasing an additional 131 shares during the last quarter. New York State Common Retirement Fund raised its stake in Watts Water Technologies by 4.9% during the 2nd quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock valued at $1,877,000 after purchasing an additional 1,399 shares during the last quarter. California Public Employees Retirement System raised its stake in Watts Water Technologies by 4.7% during the 2nd quarter. California Public Employees Retirement System now owns 73,000 shares of the technology company’s stock valued at $4,614,000 after purchasing an additional 3,300 shares during the last quarter. Balyasny Asset Management LLC acquired a new position in Watts Water Technologies during the 2nd quarter valued at $215,000. Finally, State Street Corp raised its stake in Watts Water Technologies by 4.2% during the 2nd quarter. State Street Corp now owns 682,465 shares of the technology company’s stock valued at $43,131,000 after purchasing an additional 27,713 shares during the last quarter. 77.18% of the stock is owned by institutional investors and hedge funds.
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About Watts Water Technologies
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.
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