Watts Water Technologies (NYSE:WTS) Issues Earnings Results, Beats Estimates By $0.21 EPS

Watts Water Technologies (NYSE:WTS) posted its quarterly earnings results on Wednesday. The technology company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.21, FiscalAI reports. The firm had revenue of $611.70 million for the quarter, compared to analyst estimates of $576.20 million. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 earnings per share. Watts Water Technologies updated its FY 2025 guidance to EPS.

Watts Water Technologies Stock Performance

NYSE:WTS opened at $262.99 on Friday. The stock’s 50-day moving average is $277.72 and its 200-day moving average is $257.30. Watts Water Technologies has a 1-year low of $177.59 and a 1-year high of $287.89. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.10. The stock has a market cap of $8.77 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 3.27 and a beta of 1.17.

Watts Water Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.52 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.08 annualized dividend and a yield of 0.8%. Watts Water Technologies’s dividend payout ratio (DPR) is currently 22.37%.

Analyst Ratings Changes

WTS has been the subject of several analyst reports. Zacks Research cut shares of Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Wall Street Zen cut Watts Water Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Watts Water Technologies in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Watts Water Technologies in a research report on Tuesday, October 14th. Finally, Stifel Nicolaus lifted their price objective on shares of Watts Water Technologies from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $261.00.

Insider Transactions at Watts Water Technologies

In other news, Director Joseph T. Noonan sold 713 shares of Watts Water Technologies stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $274.45, for a total transaction of $195,682.85. Following the transaction, the director owned 1,194 shares in the company, valued at approximately $327,693.30. The trade was a 37.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Watts Water Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Watts Water Technologies by 474.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 339 shares of the technology company’s stock valued at $83,000 after purchasing an additional 280 shares during the period. Sivia Capital Partners LLC bought a new position in Watts Water Technologies during the second quarter worth $219,000. Jones Financial Companies Lllp boosted its position in Watts Water Technologies by 80.2% during the first quarter. Jones Financial Companies Lllp now owns 1,000 shares of the technology company’s stock valued at $222,000 after acquiring an additional 445 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in Watts Water Technologies during the 2nd quarter worth about $235,000. Finally, Evergreen Capital Management LLC acquired a new position in shares of Watts Water Technologies in the 2nd quarter valued at about $235,000. 95.02% of the stock is owned by institutional investors and hedge funds.

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.