Brokers Set Expectations for Watts Water Technologies Inc’s Q1 2019 Earnings (WTS)

Watts Water Technologies Inc (NYSE:WTS) – Research analysts at Oppenheimer issued their Q1 2019 earnings per share estimates for shares of Watts Water Technologies in a report released on Sunday, February 10th. Oppenheimer analyst B. Blair expects that the technology company will earn $0.91 per share for the quarter. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Watts Water Technologies’ Q2 2019 earnings at $1.10 EPS, Q3 2019 earnings at $1.05 EPS and Q4 2019 earnings at $0.99 EPS.

Other equities analysts have also issued research reports about the stock. Janney Montgomery Scott lowered shares of Watts Water Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $81.00 to $83.00 in a research report on Monday. Seaport Global Securities raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 4th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Watts Water Technologies in a report on Monday, November 5th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Watts Water Technologies currently has a consensus rating of “Hold” and a consensus price target of $89.50.

Shares of WTS opened at $78.70 on Tuesday. The company has a market cap of $2.79 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.25 and a current ratio of 2.07. Watts Water Technologies has a twelve month low of $61.17 and a twelve month high of $93.35.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Thursday, February 7th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The firm had revenue of $387.60 million for the quarter, compared to analyst estimates of $382.33 million. Watts Water Technologies had a net margin of 7.97% and a return on equity of 14.72%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.84 annualized dividend and a yield of 1.07%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 22.46%.

In other Watts Water Technologies news, insider Elie Melhem sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $74.42, for a total transaction of $74,420.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Comerica Bank grew its stake in shares of Watts Water Technologies by 0.6% in the fourth quarter. Comerica Bank now owns 27,064 shares of the technology company’s stock worth $1,977,000 after acquiring an additional 162 shares during the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of Watts Water Technologies by 3.2% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,608 shares of the technology company’s stock worth $426,000 after acquiring an additional 207 shares during the last quarter. ETF Managers Group LLC grew its stake in shares of Watts Water Technologies by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 1,677 shares of the technology company’s stock worth $108,000 after acquiring an additional 228 shares during the last quarter. CAPROCK Group Inc. grew its stake in shares of Watts Water Technologies by 5.9% in the fourth quarter. CAPROCK Group Inc. now owns 4,778 shares of the technology company’s stock worth $308,000 after acquiring an additional 265 shares during the last quarter. Finally, Ledyard National Bank grew its stake in shares of Watts Water Technologies by 3.8% in the fourth quarter. Ledyard National Bank now owns 10,235 shares of the technology company’s stock worth $661,000 after acquiring an additional 375 shares during the last quarter. Institutional investors own 78.42% of the company’s stock.

About Watts Water Technologies

Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

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

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