Analysts Offer Predictions for Watts Water Technologies Inc’s Q2 2018 Earnings (WTS)

Watts Water Technologies Inc (NYSE:WTS) – Analysts at KeyCorp issued their Q2 2018 EPS estimates for Watts Water Technologies in a research note issued to investors on Monday. KeyCorp analyst J. Hammond expects that the technology company will post earnings of $0.99 per share for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Watts Water Technologies’ FY2018 earnings at $3.55 EPS.

Several other research firms have also recently weighed in on WTS. Robert W. Baird reaffirmed a “hold” rating and issued a $80.00 price target on shares of Watts Water Technologies in a report on Wednesday. Seaport Global Securities reaffirmed a “neutral” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. Zacks Investment Research raised Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 price target 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, Janney Montgomery Scott raised Watts Water Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Watts Water Technologies currently has an average rating of “Hold” and an average target price of $78.00.

Shares of Watts Water Technologies (WTS) opened at $75.85 on Thursday. Watts Water Technologies has a 1-year low of $59.15 and a 1-year high of $82.35. The firm has a market capitalization of $2,581.59, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The company has a quick ratio of 1.70, a current ratio of 2.39 and a debt-to-equity ratio of 0.57.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Monday, February 12th. The technology company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Watts Water Technologies had a negative return on equity of 1.11% and a negative net margin of 0.63%. The firm had revenue of $366.30 million for the quarter, compared to analysts’ expectations of $365.35 million. During the same quarter last year, the firm posted $0.64 EPS. The company’s revenue was up 7.1% compared to the same quarter last year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC purchased a new position in shares of Watts Water Technologies during the 4th quarter valued at about $112,000. Public Employees Retirement System of Ohio increased its stake 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 worth $129,000 after purchasing an additional 17 shares during the period. Ballentine Partners LLC purchased a new position in Watts Water Technologies in the 3rd quarter worth approximately $200,000. Suntrust Banks Inc. increased its stake 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 worth $207,000 after purchasing an additional 31 shares during the period. Finally, Balyasny Asset Management LLC purchased a new position in Watts Water Technologies in the 2nd quarter worth approximately $215,000. 78.21% of the stock is currently owned by institutional investors.

In related news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $73.09, for a total transaction of $288,778.59. Following the transaction, 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 is accessible through this link. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $73.53, for a total value of $871,477.56. Following the transaction, the chief executive officer now directly owns 137,474 shares in the company, valued at $10,108,463.22. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.00%. Watts Water Technologies’s dividend payout ratio is 35.85%.

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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.

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

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