Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Watts Water Technologies (WTS) Stock Price

News stories about Watts Water Technologies (NYSE:WTS) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Watts Water Technologies earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.3446939385999 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of WTS stock opened at $78.60 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 2.39 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2,594.35, a PE ratio of 37.08, a P/E/G ratio of 1.75 and a beta of 1.14. Watts Water Technologies has a twelve month low of $59.15 and a twelve month high of $84.25.

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Watts Water Technologies (NYSE:WTS) last posted its earnings results on Monday, February 12th. The technology company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. The business had revenue of $366.30 million during the quarter, compared to analyst estimates of $365.35 million. Watts Water Technologies had a return on equity of 12.93% and a net margin of 5.02%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. analysts forecast that Watts Water Technologies will post 3.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, March 1st. Watts Water Technologies’s payout ratio is presently 35.85%.

Several equities research analysts recently weighed in on the company. Boenning Scattergood lowered Watts Water Technologies from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 21st. Zacks Investment Research lowered Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Monday, March 19th. Stifel Nicolaus reissued a “buy” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Watts Water Technologies in a report on Wednesday, February 14th. Northcoast Research set a $90.00 price objective on Watts Water Technologies and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Robert W. Baird reissued a “hold” rating and issued a $80.00 price objective on shares of Watts Water Technologies in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $80.40.

In other Watts Water Technologies news, insider Munish Nanda sold 6,953 shares of Watts Water Technologies stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $75.66, for a total transaction of $526,063.98. Following the completion of the transaction, the insider now owns 31,560 shares of the company’s stock, valued at approximately $2,387,829.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Timothy P. Horne sold 10,168 shares of Watts Water Technologies stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $77.00, for a total value of $782,936.00. Following the transaction, the insider now directly owns 39,832 shares of the company’s stock, valued at approximately $3,067,064. The disclosure for this sale can be found here. Insiders have sold a total of 42,344 shares of company stock valued at $3,239,332 in the last ninety days. Insiders own 1.10% 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.

Insider Buying and Selling by Quarter for Watts Water Technologies (NYSE:WTS)

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