Shares of Watts Water Technologies, Inc. (NYSE:WTS) have been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $64.50.

A number of equities analysts have weighed in on WTS shares. BidaskClub lowered shares of Watts Water Technologies from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Watts Water Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Watts Water Technologies in a report on Wednesday, June 14th.

Watts Water Technologies (NYSE WTS) opened at 66.20 on Friday. The stock has a 50 day moving average price of $63.18 and a 200 day moving average price of $62.97. The stock has a market cap of $2.28 billion, a PE ratio of 25.86 and a beta of 1.07. Watts Water Technologies has a 1-year low of $58.35 and a 1-year high of $71.05.

Watts Water Technologies (NYSE:WTS) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.04. The firm had revenue of $378.50 million for the quarter, compared to analyst estimates of $379.51 million. Watts Water Technologies had a net margin of 6.27% and a return on equity of 12.84%. Watts Water Technologies’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. On average, analysts predict that Watts Water Technologies will post $2.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.76 annualized dividend and a dividend yield of 1.15%. Watts Water Technologies’s payout ratio is 29.69%.

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In related news, insider Elie Melhem sold 1,281 shares of Watts Water Technologies stock in a transaction on Friday, June 9th. The shares were sold at an average price of $64.42, for a total transaction of $82,522.02. Following the transaction, the insider now owns 29,493 shares in the company, valued at approximately $1,899,939.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in Watts Water Technologies by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 7,500 shares of the technology company’s stock valued at $489,000 after buying an additional 19 shares during the last quarter. State of Alaska Department of Revenue raised its position in Watts Water Technologies by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,070 shares of the technology company’s stock valued at $191,000 after buying an additional 50 shares during the last quarter. Eqis Capital Management Inc. raised its position in Watts Water Technologies by 1.1% in the second quarter. Eqis Capital Management Inc. now owns 5,932 shares of the technology company’s stock valued at $375,000 after buying an additional 64 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Watts Water Technologies by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the technology company’s stock valued at $705,000 after buying an additional 100 shares during the period. Finally, Arizona State Retirement System increased its stake in Watts Water Technologies by 0.7% in the first quarter. Arizona State Retirement System now owns 14,446 shares of the technology company’s stock valued at $901,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

About Watts Water Technologies

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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