Watts Water Technologies Inc (NYSE:WTS) – Stock analysts at Northcoast Research decreased their Q2 2019 earnings per share estimates for shares of Watts Water Technologies in a research note issued on Monday, February 11th. Northcoast Research analyst A. Cohen now forecasts that the technology company will earn $1.10 per share for the quarter, down from their prior estimate of $1.16. Northcoast Research also issued estimates for Watts Water Technologies’ Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.02 EPS, FY2019 earnings at $4.12 EPS, Q1 2020 earnings at $1.08 EPS, Q2 2020 earnings at $1.18 EPS, Q3 2020 earnings at $1.13 EPS, Q4 2020 earnings at $1.10 EPS and FY2020 earnings at $4.49 EPS.
WTS has been the subject of a number of other reports. Janney Montgomery Scott lowered shares of Watts Water Technologies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $81.00 to $83.00 in a research report on Monday. Oppenheimer reiterated a “hold” rating on shares of Watts Water Technologies in a research note on Monday. Seaport Global Securities raised Watts Water Technologies from a “neutral” rating to a “buy” rating in a report on Tuesday, December 4th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Watts Water Technologies in a report on Monday, November 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Watts Water Technologies presently has an average rating of “Hold” and an average price target of $89.50.
NYSE:WTS opened at $78.70 on Tuesday. Watts Water Technologies has a twelve month low of $61.17 and a twelve month high of $93.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.07 and a quick ratio of 1.25. The stock has a market cap of $2.79 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.23.
Watts Water Technologies (NYSE:WTS) last issued its earnings results on Thursday, February 7th. The technology company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. Watts Water Technologies had a net margin of 7.97% and a return on equity of 14.72%. The company had revenue of $387.60 million for the quarter, compared to analysts’ expectations of $382.33 million. During the same period in the prior year, the company earned $0.74 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of the stock. We Are One Seven LLC purchased a new stake in Watts Water Technologies during the 4th quarter valued at about $32,000. Quantamental Technologies LLC purchased a new stake in shares of Watts Water Technologies in the 4th quarter worth approximately $52,000. Clean Yield Group purchased a new stake in shares of Watts Water Technologies in the 4th quarter worth approximately $88,000. Whittier Trust Co. purchased a new stake in Watts Water Technologies during the 4th quarter valued at $90,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Watts Water Technologies in the 3rd quarter worth $135,000. Institutional investors and hedge funds own 78.42% of the company’s stock.
In related news, insider Elie Melhem sold 9,173 shares of Watts Water Technologies stock in a transaction on Monday, December 10th. The stock was sold at an average price of $69.91, for a total transaction of $641,284.43. Following the sale, the insider now directly owns 29,991 shares in the company, valued at $2,096,670.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.07%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 22.46%.
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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