Watts Water Technologies (WTS) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Watts Water Technologies (NYSE:WTS) released its earnings results on Monday. The technology company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01, Bloomberg Earnings reports. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The firm had revenue of $366.30 million during the quarter, compared to analysts’ expectations of $365.35 million. During the same period in the previous year, the firm posted $0.64 EPS. Watts Water Technologies’s revenue for the quarter was up 7.1% on a year-over-year basis.

Watts Water Technologies (NYSE:WTS) traded up $1.00 during trading hours on Tuesday, hitting $75.00. The stock had a trading volume of 103,691 shares, compared to its average volume of 109,825. The firm has a market cap of $2,485.97, a PE ratio of 24.93, a P/E/G ratio of 1.76 and a beta of 1.13. Watts Water Technologies has a twelve month low of $59.15 and a twelve month high of $82.35. The company has a current ratio of 2.57, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.01%. Watts Water Technologies’s dividend payout ratio is currently 28.15%.

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

WTS has been the subject of several analyst reports. Boenning Scattergood reissued a “buy” rating on shares of Watts Water Technologies in a research note on Monday, November 20th. Stifel Nicolaus reissued a “buy” rating and set a $85.00 target price on shares of Watts Water Technologies in a research note on Thursday, December 14th. Northcoast Research set a $90.00 target price on Watts Water Technologies and gave the stock a “buy” rating in a research note on Friday, January 19th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $78.17.

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Watts Water Technologies Company Profile

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.

Earnings History for Watts Water Technologies (NYSE:WTS)

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