Watts Water Technologies Inc (NYSE:WTS) – Equities research analysts at Northcoast Research lifted their Q1 2018 earnings per share (EPS) estimates for Watts Water Technologies in a note issued to investors on Wednesday. Northcoast Research analyst A. Cohen now forecasts that the technology company will post earnings per share of $0.82 for the quarter, up from their previous forecast of $0.74. Northcoast Research has a “Buy” rating and a $90.00 price target on the stock. Northcoast Research also issued estimates for Watts Water Technologies’ Q2 2018 earnings at $1.02 EPS, Q3 2018 earnings at $0.92 EPS, Q4 2018 earnings at $0.86 EPS, FY2018 earnings at $3.62 EPS, Q4 2019 earnings at $0.91 EPS and FY2019 earnings at $3.94 EPS.
Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $0.64 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year.
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 price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.39 and a quick ratio of 1.70.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, March 1st. Watts Water Technologies’s dividend payout ratio is currently 35.85%.
In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 11,852 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $73.53, for a total value of $871,477.56. Following the transaction, the chief executive officer now owns 137,474 shares of the company’s stock, valued at $10,108,463.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert J. Pagano, Jr. sold 3,951 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 137,474 shares in the company, valued at approximately $10,047,974.66. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of WTS. BlackRock Inc. boosted its stake in Watts Water Technologies by 12.7% in the fourth quarter. BlackRock Inc. now owns 3,978,819 shares of the technology company’s stock worth $302,190,000 after purchasing an additional 448,313 shares in the last quarter. Impax Asset Management LTD boosted its stake in Watts Water Technologies by 7.8% in the third quarter. Impax Asset Management LTD now owns 2,730,009 shares of the technology company’s stock worth $188,917,000 after purchasing an additional 196,626 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Watts Water Technologies by 29.0% in the third quarter. Victory Capital Management Inc. now owns 771,208 shares of the technology company’s stock worth $53,367,000 after purchasing an additional 173,225 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Watts Water Technologies by 139.1% in the second quarter. Renaissance Technologies LLC now owns 206,800 shares of the technology company’s stock worth $13,070,000 after purchasing an additional 120,300 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Watts Water Technologies by 32.1% in the fourth quarter. Deutsche Bank AG now owns 336,741 shares of the technology company’s stock worth $25,572,000 after purchasing an additional 81,845 shares in the last quarter. 78.21% of the stock is currently owned by institutional investors.
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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.
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