Q1 2018 EPS Estimates for Watts Water Technologies Inc (WTS) Boosted by Seaport Global Securities

Watts Water Technologies Inc (NYSE:WTS) – Seaport Global Securities boosted their Q1 2018 earnings estimates for shares of Watts Water Technologies in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst W. Liptak now forecasts that the technology company will post earnings per share of $0.74 for the quarter, up from their previous forecast of $0.71. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Watts Water Technologies’ Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $0.95 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $3.58 EPS, Q1 2019 earnings at $0.79 EPS and FY2019 earnings at $3.84 EPS.

Watts Water Technologies (NYSE:WTS) last announced its earnings results on Monday, February 12th. The technology company reported $0.74 earnings per share for the quarter, topping 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 the consensus estimate of $365.35 million. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s revenue was up 7.1% compared to the same quarter last year.

A number of other brokerages also recently weighed in on WTS. Zacks Investment Research upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Monday, January 22nd. 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. Stifel Nicolaus restated a “buy” rating and issued a $95.00 target price (up previously from $85.00) on shares of Watts Water Technologies in a research note on Tuesday, January 16th. Robert W. Baird reiterated a “hold” rating and issued a $80.00 price objective on shares of Watts Water Technologies in a research note on Wednesday. Finally, Janney Montgomery Scott upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Watts Water Technologies has a consensus rating of “Hold” and a consensus target price of $78.00.

Watts Water Technologies (NYSE:WTS) opened at $75.85 on Thursday. Watts Water Technologies has a 12 month low of $59.15 and a 12 month high of $82.35. The firm has a market capitalization of $2,581.59, a P/E ratio of 35.78, a PEG 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.

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 paid a $0.19 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.76 annualized dividend and a yield of 1.00%. Watts Water Technologies’s payout ratio is 35.85%.

In related news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 137,474 shares in the company, valued at $10,047,974.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $73.53, for a total value of $871,477.56. Following the completion of the transaction, the chief executive officer now owns 137,474 shares in the company, valued at approximately $10,108,463.22. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. SeaCrest Wealth Management LLC purchased a new stake in shares of Watts Water Technologies during the fourth quarter worth $112,000. Public Employees Retirement System of Ohio lifted its position in shares of Watts Water Technologies by 0.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after acquiring an additional 17 shares in the last quarter. Ballentine Partners LLC purchased a new stake in shares of Watts Water Technologies during the third quarter worth $200,000. Suntrust Banks Inc. lifted its position in shares of Watts Water Technologies by 1.0% during the second quarter. Suntrust Banks Inc. now owns 3,290 shares of the technology company’s stock worth $207,000 after acquiring an additional 31 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Watts Water Technologies during the second quarter worth $215,000. Hedge funds and other institutional investors own 78.21% of the company’s stock.

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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 and Estimates for Watts Water Technologies (NYSE:WTS)

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