Watts Water Technologies, Inc. (WTS) To Go Ex-Dividend on February 28th

Watts Water Technologies, Inc. (NYSE:WTS) declared a quarterly dividend on Monday, February 3rd, RTT News reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.43 per share by the technology company on Friday, March 14th. This represents a $1.72 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Friday, February 28th.

Watts Water Technologies has raised its dividend payment by an average of 17.8% per year over the last three years and has raised its dividend every year for the last 12 years. Watts Water Technologies has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Watts Water Technologies to earn $9.80 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 17.6%.

Watts Water Technologies Trading Up 1.2 %

WTS stock opened at $215.38 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. Watts Water Technologies has a 52-week low of $175.37 and a 52-week high of $232.60. The company’s 50-day simple moving average is $207.96 and its 200-day simple moving average is $204.66. The firm has a market cap of $7.18 billion, a P/E ratio of 24.78, a PEG ratio of 3.42 and a beta of 0.93.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.91 by $0.14. Watts Water Technologies had a return on equity of 18.08% and a net margin of 12.93%. As a group, equities analysts forecast that Watts Water Technologies will post 9.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on WTS shares. The Goldman Sachs Group upped their price objective on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Stifel Nicolaus raised their price target on shares of Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. Northcoast Research upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective for the company in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $220.00.

About Watts Water Technologies

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.