Watts Water Technologies, Inc. (NYSE:WTS) Given Average Rating of “Hold” by Brokerages

Watts Water Technologies, Inc. (NYSE:WTS) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $264.25.

A number of equities analysts have issued reports on WTS shares. Zacks Research downgraded Watts Water Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Wall Street Zen raised Watts Water Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reiterated a “buy (b+)” rating on shares of Watts Water Technologies in a research report on Tuesday, October 14th. Stifel Nicolaus boosted their price target on shares of Watts Water Technologies from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Watts Water Technologies in a research report on Friday, August 8th.

Watts Water Technologies Stock Up 3.7%

WTS stock opened at $273.28 on Friday. Watts Water Technologies has a one year low of $177.59 and a one year high of $287.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.63 and a current ratio of 2.59. The firm’s fifty day moving average is $277.66 and its 200 day moving average is $257.85. The firm has a market cap of $9.12 billion, a PE ratio of 29.38, a P/E/G ratio of 3.27 and a beta of 1.17.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.21. Watts Water Technologies had a net margin of 13.63% and a return on equity of 18.11%. The business had revenue of $611.70 million during the quarter, compared to the consensus estimate of $576.20 million. During the same quarter in the prior year, the firm posted $2.03 earnings per share. The company’s revenue was up 12.5% compared to the same quarter last year. Watts Water Technologies has set its FY 2025 guidance at EPS. On average, research analysts forecast that Watts Water Technologies will post 9.08 EPS for the current year.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. Watts Water Technologies’s dividend payout ratio (DPR) is currently 22.37%.

Insider Transactions at Watts Water Technologies

In other Watts Water Technologies news, Director Joseph T. Noonan sold 713 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $274.45, for a total transaction of $195,682.85. Following the completion of the sale, the director directly owned 1,194 shares in the company, valued at approximately $327,693.30. The trade was a 37.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Trading of Watts Water Technologies

A number of institutional investors have recently made changes to their positions in the company. Cumberland Partners Ltd raised its stake in Watts Water Technologies by 116.7% in the 3rd quarter. Cumberland Partners Ltd now owns 6,500 shares of the technology company’s stock valued at $1,815,000 after purchasing an additional 3,500 shares during the last quarter. King Luther Capital Management Corp grew its holdings in shares of Watts Water Technologies by 11.3% during the third quarter. King Luther Capital Management Corp now owns 20,940 shares of the technology company’s stock worth $5,848,000 after buying an additional 2,120 shares in the last quarter. NewEdge Wealth LLC grew its holdings in shares of Watts Water Technologies by 0.3% during the third quarter. NewEdge Wealth LLC now owns 15,534 shares of the technology company’s stock worth $4,384,000 after buying an additional 53 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of Watts Water Technologies by 80.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 6,978 shares of the technology company’s stock valued at $1,949,000 after buying an additional 3,101 shares during the last quarter. Finally, Glenview Trust Co purchased a new position in shares of Watts Water Technologies in the third quarter worth about $223,000. 95.02% of the stock is owned by institutional investors and hedge funds.

Watts Water Technologies Company Profile

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.