Watts Water Technologies Inc (NYSE:WTS) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $91.75.
Several analysts have recently commented on WTS shares. ValuEngine upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a report on Wednesday. Janney Montgomery Scott upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, May 6th. Zacks Investment Research downgraded Watts Water Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Finally, Stifel Nicolaus raised their price target on Watts Water Technologies from $88.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, April 16th.
Large investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Watts Water Technologies by 70.0% during the fourth quarter. FMR LLC now owns 425 shares of the technology company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Strs Ohio bought a new stake in Watts Water Technologies during the first quarter valued at about $32,000. Quantamental Technologies LLC bought a new stake in Watts Water Technologies during the fourth quarter valued at about $52,000. Quadrant Capital Group LLC grew its holdings in Watts Water Technologies by 2,908.7% during the first quarter. Quadrant Capital Group LLC now owns 692 shares of the technology company’s stock valued at $54,000 after purchasing an additional 669 shares during the period. Finally, Whittier Trust Co. bought a new stake in Watts Water Technologies during the fourth quarter valued at about $90,000. 75.82% of the stock is owned by institutional investors and hedge funds.
NYSE WTS traded down $0.42 on Friday, hitting $87.64. The company’s stock had a trading volume of 4,316 shares, compared to its average volume of 133,256. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.35 and a current ratio of 2.27. Watts Water Technologies has a 1-year low of $61.17 and a 1-year high of $93.35. The stock has a market cap of $2.99 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 2.70 and a beta of 1.17.
Watts Water Technologies (NYSE:WTS) last issued its earnings results on Thursday, May 2nd. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. The business had revenue of $388.70 million for the quarter, compared to analyst estimates of $388.77 million. Watts Water Technologies had a net margin of 8.10% and a return on equity of 14.93%. Watts Water Technologies’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. Analysts predict that Watts Water Technologies will post 4.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, May 30th. This is a boost from Watts Water Technologies’s previous quarterly dividend of $0.21. Watts Water Technologies’s dividend payout ratio is 24.60%.
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. The company 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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