Media headlines about Watts Water Technologies (NYSE:WTS) have been trending positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Watts Water Technologies earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.2171772444983 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Watts Water Technologies (NYSE WTS) opened at $78.65 on Friday. The firm has a market capitalization of $2,690.00, a price-to-earnings ratio of 29.24, a PEG ratio of 1.96 and a beta of 1.16. Watts Water Technologies has a 52-week low of $59.15 and a 52-week high of $79.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57.
Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $347.70 million during the quarter, compared to the consensus estimate of $361.22 million. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. research analysts forecast that Watts Water Technologies will post 3.01 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.19 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.97%. Watts Water Technologies’s payout ratio is currently 28.25%.
Several equities analysts have issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price objective on shares of Watts Water Technologies in a research report on Thursday, December 14th. Boenning Scattergood restated a “buy” rating on shares of Watts Water Technologies in a research report on Monday, November 20th. Seaport Global Securities restated a “neutral” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. KeyCorp restated a “hold” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. Finally, Robert W. Baird boosted their target price on Watts Water Technologies from $71.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Watts Water Technologies presently has an average rating of “Hold” and a consensus target price of $73.83.
In related news, CEO Robert J. Pagano, Jr. sold 11,852 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 137,474 shares in the company, valued at $10,108,463.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert J. Pagano, Jr. sold 3,951 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $73.09, for a total value of $288,778.59. Following the completion of the sale, the chief executive officer now owns 137,474 shares of the company’s stock, valued at approximately $10,047,974.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,348 shares of company stock valued at $1,339,628. 1.10% of the stock is currently owned by corporate insiders.
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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.
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