Watts Water Technologies Inc (NYSE:WTS) – Analysts at KeyCorp issued their Q1 2018 EPS estimates for Watts Water Technologies in a research report issued on Monday. KeyCorp analyst J. Hammond expects that the technology company will post earnings of $0.81 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Watts Water Technologies’ Q3 2018 earnings at $0.95 EPS, Q4 2018 earnings at $0.80 EPS and FY2019 earnings at $4.15 EPS.
A number of other research firms have also recently weighed in on WTS. Seaport Global Securities reaffirmed a “neutral” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. 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. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Monday, January 22nd. Boenning Scattergood reaffirmed a “buy” rating on shares of Watts Water Technologies in a report on Thursday, November 2nd. Finally, Northcoast Research set a $90.00 price objective on shares of Watts Water Technologies and gave the stock a “buy” rating in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Watts Water Technologies has an average rating of “Hold” and an average price target of $78.17.
Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Monday, February 12th. The technology company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The business had revenue of $366.30 million for the quarter, compared to analysts’ expectations of $365.35 million. During the same quarter last year, the company earned $0.64 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.76 dividend on an annualized basis and a yield of 1.01%. Watts Water Technologies’s dividend payout ratio is presently 35.85%.
In related news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $73.09, for a total value of $288,778.59. Following the completion of the transaction, the chief executive officer now owns 137,474 shares in the company, valued at approximately $10,047,974.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elie Melhem sold 2,545 shares of the stock in a transaction dated 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 valued at $1,339,628 in the last quarter. 1.10% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC bought a new position in Watts Water Technologies in the 4th quarter valued at about $112,000. Public Employees Retirement System of Ohio grew its position in Watts Water Technologies by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock valued at $129,000 after buying an additional 17 shares in the last quarter. Ballentine Partners LLC bought a new position in Watts Water Technologies in the 3rd quarter valued at about $200,000. Suntrust Banks Inc. grew its position in Watts Water Technologies by 1.0% in the 2nd quarter. Suntrust Banks Inc. now owns 3,290 shares of the technology company’s stock valued at $207,000 after buying an additional 31 shares in the last quarter. Finally, Balyasny Asset Management LLC bought a new position in Watts Water Technologies in the 2nd quarter valued at about $215,000. Hedge funds and other institutional investors own 78.21% of the company’s stock.
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.
Receive News & Ratings for Watts Water Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies and related companies with MarketBeat.com's FREE daily email newsletter.