Watts Water Technologies (WTS) Scheduled to Post Earnings on Wednesday

Watts Water Technologies (NYSE:WTS) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Watts Water Technologies to post earnings of $2.10 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Monday, February 12th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.19. Watts Water Technologies had a return on equity of 19.38% and a net margin of 12.75%. The business had revenue of $547.50 million during the quarter, compared to analysts’ expectations of $532.58 million. During the same period in the previous year, the firm posted $1.60 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, analysts expect Watts Water Technologies to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Watts Water Technologies Trading Up 0.7 %

Shares of NYSE WTS opened at $204.69 on Monday. Watts Water Technologies has a twelve month low of $156.85 and a twelve month high of $219.52. The company has a current ratio of 2.61, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $204.33 and a 200-day simple moving average of $199.10. The stock has a market capitalization of $6.82 billion, a PE ratio of 26.18, a PEG ratio of 3.00 and a beta of 0.95.

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.70%. Watts Water Technologies’s payout ratio is presently 18.41%.

Insider Activity at Watts Water Technologies

In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of Watts Water Technologies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $202.11, for a total transaction of $307,207.20. Following the completion of the sale, the chief accounting officer now directly owns 14,818 shares of the company’s stock, valued at approximately $2,994,865.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Watts Water Technologies news, CAO Virginia A. Halloran sold 1,520 shares of Watts Water Technologies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $202.11, for a total transaction of $307,207.20. Following the completion of the sale, the chief accounting officer now directly owns 14,818 shares of the company’s stock, valued at approximately $2,994,865.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Timothy P. Horne sold 764 shares of Watts Water Technologies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $199.00, for a total value of $152,036.00. Following the sale, the insider now directly owns 14,236 shares of the company’s stock, valued at $2,832,964. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,113 shares of company stock worth $1,023,106. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Robert W. Baird lifted their target price on Watts Water Technologies from $191.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $191.20.

About Watts Water Technologies

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.