Watts Water Technologies, Inc. (WTS) To Go Ex-Dividend on September 1st

Watts Water Technologies, Inc. (NYSE:WTS – Get Free Report) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.63 per share by the technology company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 1st.

Watts Water Technologies has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 13 years. Watts Water Technologies has a payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Watts Water Technologies to earn $13.99 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 18.0%.

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Watts Water Technologies Price Performance

WTS stock opened at $365.87 on Friday. Watts Water Technologies has a 12-month low of $260.00 and a 12-month high of $394.54. The company has a quick ratio of 1.60, a current ratio of 2.66 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $362.21 and its 200 day simple moving average is $327.29. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 3.59 and a beta of 1.15.

Watts Water Technologies (NYSE:WTS – Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.34 by $0.32. Watts Water Technologies had a return on equity of 19.16% and a net margin of 14.34%.The business had revenue of $763.10 million during the quarter, compared to analysts’ expectations of $725.99 million. During the same quarter last year, the firm posted $3.09 earnings per share. The firm’s revenue was up 18.6% on a year-over-year basis. On average, analysts expect that Watts Water Technologies will post 12.75 earnings per share for the current year.

About Watts Water Technologies

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Watts Water Technologies, Inc is a global manufacturer and distributor of flow control products and solutions designed to ensure the safe, efficient delivery and use of water. Founded in 1874 and headquartered in North Andover, Massachusetts, the company has built a reputation for engineering innovation in residential, commercial and industrial plumbing, heating, cooling and water treatment systems. Watts operates through a comprehensive portfolio of brands and product lines that address application-specific requirements in water safety, pressure regulation, flow control and filtration.

The company’s product offerings span backflow preventers, pressure reducing valves, relief valves and steam traps, as well as hydronic balancing and temperature control devices for heating systems.

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