Boenning Scattergood reaffirmed their buy rating on shares of Watts Water Technologies (NYSE:WTS) in a research note published on Monday, November 20th. Boenning Scattergood also issued estimates for Watts Water Technologies’ Q4 2017 earnings at $0.71 EPS, Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.86 EPS and FY2018 earnings at $3.25 EPS.
A number of other research analysts have also issued reports on the company. Stifel Nicolaus reaffirmed a buy rating and set a $79.00 target price on shares of Watts Water Technologies in a report on Friday, November 3rd. Northcoast Research raised Watts Water Technologies from a neutral rating to a buy rating and set a $79.00 target price on the stock in a report on Monday, September 18th. Zacks Investment Research raised Watts Water Technologies from a hold rating to a buy rating and set a $79.00 target price on the stock in a report on Tuesday, October 3rd. KeyCorp reaffirmed a hold rating on shares of Watts Water Technologies in a report on Friday, November 3rd. Finally, Cowen reaffirmed a hold rating and set a $58.00 target price on shares of Watts Water Technologies in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Watts Water Technologies presently has a consensus rating of Hold and an average price target of $72.83.
Watts Water Technologies (NYSE:WTS) traded up $0.05 during mid-day trading on Monday, reaching $73.20. The company’s stock had a trading volume of 107,476 shares, compared to its average volume of 127,373. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70. The company has a market capitalization of $2,533.78, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.06 and a beta of 1.15. Watts Water Technologies has a 12 month low of $59.15 and a 12 month high of $75.28.
Watts Water Technologies (NYSE:WTS) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $347.70 million for the quarter, compared to analysts’ expectations of $361.22 million. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. analysts predict that Watts Water Technologies will post 3.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.76 dividend on an annualized basis and a yield of 1.04%. Watts Water Technologies’s payout ratio is presently 28.15%.
In other news, insider Elie Melhem sold 2,545 shares of Watts Water Technologies stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $70.48, for a total transaction of $179,371.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in WTS. Riverhead Capital Management LLC raised its stake in shares of Watts Water Technologies by 44.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock valued at $109,000 after acquiring an additional 532 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Watts Water Technologies by 157.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock valued at $114,000 after acquiring an additional 1,100 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of 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 acquiring an additional 17 shares in the last quarter. Bruderman Asset Management LLC bought a new position in shares of Watts Water Technologies in the 2nd quarter valued at approximately $130,000. Finally, Quantbot Technologies LP raised its stake in shares of Watts Water Technologies by 823.9% in the 2nd quarter. Quantbot Technologies LP now owns 2,282 shares of the technology company’s stock valued at $144,000 after acquiring an additional 2,035 shares in the last quarter. Institutional investors and hedge funds own 77.73% 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.
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