Watts Water Technologies (NYSE:WTS) announced its quarterly earnings data on Thursday. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01, Bloomberg Earnings reports. The firm had revenue of $387.60 million during the quarter, compared to the consensus estimate of $382.33 million. Watts Water Technologies had a return on equity of 14.43% and a net margin of 6.05%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS.
WTS stock opened at $81.79 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.24 and a debt-to-equity ratio of 0.40. The firm has a market cap of $2.79 billion, a PE ratio of 27.08, a PEG ratio of 1.66 and a beta of 1.23. Watts Water Technologies has a fifty-two week low of $61.17 and a fifty-two week high of $93.35.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.03%. Watts Water Technologies’s payout ratio is 27.81%.
Several hedge funds have recently bought and sold shares of the company. We Are One Seven LLC purchased a new stake in Watts Water Technologies during the 4th quarter worth about $32,000. Quantamental Technologies LLC purchased a new stake in Watts Water Technologies during the 4th quarter worth about $52,000. Clean Yield Group purchased a new stake in Watts Water Technologies during the 4th quarter worth about $88,000. Whittier Trust Co. purchased a new stake in Watts Water Technologies during the 4th quarter worth about $90,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Watts Water Technologies during the 3rd quarter worth about $135,000. Institutional investors own 75.98% of the company’s stock.
Several research firms have recently weighed in on WTS. Seaport Global Securities upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 4th. Boenning Scattergood reiterated a “hold” rating on shares of Watts Water Technologies in a research note on Monday, November 5th. Oppenheimer reiterated a “hold” rating on shares of Watts Water Technologies in a research note on Sunday, November 4th. Finally, Zacks Investment Research downgraded Watts Water Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Watts Water Technologies presently has an average rating of “Hold” and a consensus price target of $90.80.
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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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