Wall Street analysts expect Watts Water Technologies Inc (NYSE:WTS) to announce $364.08 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Watts Water Technologies’ earnings, with estimates ranging from $358.00 million to $373.20 million. Watts Water Technologies posted sales of $342.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The firm is expected to issue its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Watts Water Technologies will report full year sales of $364.08 million for the current financial year, with estimates ranging from $1.45 billion to $1.46 billion. For the next financial year, analysts expect that the business will post sales of $1.51 billion per share, with estimates ranging from $1.50 billion to $1.53 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Watts Water Technologies.

Watts Water Technologies (NYSE:WTS) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.03. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The business had revenue of $347.70 million for the quarter, compared to analyst estimates of $361.22 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year.

A number of brokerages have commented on WTS. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Tuesday, October 3rd. Stifel Nicolaus began coverage on shares of Watts Water Technologies in a report on Monday, September 18th. They set a “buy” rating and a $72.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Watts Water Technologies from $71.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. Finally, Boenning Scattergood reissued a “buy” rating on shares of Watts Water Technologies in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $73.83.

In related news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $73.09, for a total value of $288,778.59. Following the sale, the chief executive officer now directly owns 137,474 shares in the company, valued at approximately $10,047,974.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elie Melhem sold 2,545 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.48, for a total transaction of $179,371.60. The disclosure for this sale can be found here. Insiders sold a total of 18,348 shares of company stock worth $1,339,628 in the last ninety days. Insiders own 1.10% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP raised its holdings in Watts Water Technologies by 171.1% during the 3rd quarter. GSA Capital Partners LLP now owns 13,404 shares of the technology company’s stock worth $928,000 after buying an additional 8,459 shares during the period. California Public Employees Retirement System raised its holdings in shares of Watts Water Technologies by 5.7% in the third quarter. California Public Employees Retirement System now owns 77,160 shares of the technology company’s stock valued at $5,339,000 after purchasing an additional 4,160 shares during the last quarter. OxFORD Asset Management LLP raised its holdings in shares of Watts Water Technologies by 18.5% in the third quarter. OxFORD Asset Management LLP now owns 41,871 shares of the technology company’s stock valued at $2,903,000 after purchasing an additional 6,526 shares during the last quarter. KBC Group NV raised its holdings in shares of Watts Water Technologies by 5.8% in the third quarter. KBC Group NV now owns 65,525 shares of the technology company’s stock valued at $4,534,000 after purchasing an additional 3,605 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Watts Water Technologies by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 992,272 shares of the technology company’s stock valued at $68,667,000 after purchasing an additional 38,374 shares during the last quarter. Institutional investors and hedge funds own 77.55% of the company’s stock.

Shares of Watts Water Technologies (NYSE:WTS) opened at $76.45 on Friday. Watts Water Technologies has a fifty-two week low of $59.15 and a fifty-two week high of $78.05. The company has a quick ratio of 1.70, a current ratio of 2.57 and a debt-to-equity ratio of 0.60. The firm has a market cap of $2,603.78, a PE ratio of 28.31, a PEG ratio of 1.93 and a beta of 1.16.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, November 30th. Watts Water Technologies’s dividend payout ratio (DPR) is presently 28.15%.

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About Watts Water Technologies

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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Earnings History and Estimates for Watts Water Technologies (NYSE:WTS)

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