News coverage about Watts Water Technologies (NYSE:WTS) has trended somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Watts Water Technologies earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.227516258621 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms have commented on WTS. Robert W. Baird lifted their price target on shares of Watts Water Technologies to $80.00 and gave the stock a “neutral” rating in a research note on Monday, May 7th. Oppenheimer reissued a “hold” rating on shares of Watts Water Technologies in a research note on Thursday, May 3rd. ValuEngine downgraded shares of Watts Water Technologies from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Friday, April 20th. Finally, Boenning Scattergood downgraded shares of Watts Water Technologies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $81.40.
Shares of NYSE WTS traded up $0.20 during mid-day trading on Wednesday, hitting $79.90. The stock had a trading volume of 82,164 shares, compared to its average volume of 141,169. The company has a quick ratio of 1.47, a current ratio of 2.40 and a debt-to-equity ratio of 0.50. Watts Water Technologies has a 1 year low of $59.15 and a 1 year high of $84.25. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.80 and a beta of 1.10.
Watts Water Technologies (NYSE:WTS) last issued its earnings results on Thursday, May 3rd. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. Watts Water Technologies had a net margin of 5.35% and a return on equity of 13.26%. The company had revenue of $378.50 million for the quarter, compared to the consensus estimate of $365.01 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. equities research analysts anticipate that Watts Water Technologies will post 3.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.05%. This is an increase from Watts Water Technologies’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, May 31st. Watts Water Technologies’s payout ratio is presently 27.81%.
In related news, insider Elie Melhem sold 3,449 shares of Watts Water Technologies stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $77.11, for a total value of $265,952.39. Following the transaction, the insider now directly owns 27,519 shares of the company’s stock, valued at $2,121,990.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.
Watts Water Technologies Company Profile
Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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