Watts Water Technologies (NYSE:WTS) issued its quarterly earnings data on Monday. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02, Briefing.com reports. The firm had revenue of $400.30 million for the quarter, compared to analyst estimates of $396.98 million. Watts Water Technologies had a net margin of 8.22% and a return on equity of 15.00%. Watts Water Technologies’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS.
Shares of NYSE:WTS traded down $0.05 during mid-day trading on Thursday, hitting $108.19. 1,711 shares of the company traded hands, compared to its average volume of 130,883. The firm has a market cap of $3.44 billion, a P/E ratio of 28.17, a PEG ratio of 2.95 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.10 and a current ratio of 1.80. Watts Water Technologies has a 52-week low of $76.15 and a 52-week high of $114.45. The firm’s 50 day simple moving average is $100.68 and its 200 day simple moving average is $95.74.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.92 annualized dividend and a dividend yield of 0.85%. Watts Water Technologies’s payout ratio is currently 22.60%.
In related news, insider Elie Melhem sold 2,139 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $95.82, for a total transaction of $204,958.98. Company insiders own 0.75% of the company’s stock.
Several analysts recently issued reports on WTS shares. Zacks Investment Research lowered shares of Watts Water Technologies from a “hold” rating to a “sell” rating and set a $105.00 price objective on the stock. in a report on Friday, January 3rd. Boenning Scattergood upgraded shares of Watts Water Technologies from a “neutral” rating to an “outperform” rating and set a $120.00 price objective on the stock in a report on Tuesday. Finally, Seaport Global Securities lowered shares of Watts Water Technologies from a “buy” rating to a “neutral” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $106.32.
About Watts Water Technologies
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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