Watts Water Technologies, Inc. (WTS) Receives Consensus Recommendation of “Hold” from Analysts
Watts Water Technologies, Inc. (NYSE:WTS) has been given an average rating of “Hold” by the six research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $64.50.
A number of equities analysts have recently weighed in on WTS shares. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Watts Water Technologies in a research note on Thursday, May 4th. BidaskClub downgraded Watts Water Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th.
Watts Water Technologies (NYSE WTS) opened at 62.05 on Friday. Watts Water Technologies has a 52 week low of $58.35 and a 52 week high of $71.05. The company has a 50 day moving average price of $63.97 and a 200-day moving average price of $62.90. The company has a market capitalization of $2.12 billion, a P/E ratio of 24.24 and a beta of 1.07.
Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The firm had revenue of $378.50 million during the quarter, compared to analyst estimates of $379.51 million. Watts Water Technologies had a return on equity of 12.84% and a net margin of 6.27%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. On average, equities analysts anticipate that Watts Water Technologies will post $2.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.19 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.22%. Watts Water Technologies’s payout ratio is presently 29.69%.
WARNING: “Watts Water Technologies, Inc. (WTS) Receives Consensus Recommendation of “Hold” from Analysts” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/26/watts-water-technologies-inc-wts-receives-consensus-recommendation-of-hold-from-analysts.html.
In other news, insider Elie Melhem sold 1,281 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $64.42, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in WTS. Clean Yield Group acquired a new position in shares of Watts Water Technologies during the first quarter worth $108,000. Riverhead Capital Management LLC increased its position in shares of Watts Water Technologies by 44.3% in the second quarter. Riverhead Capital Management LLC now owns 1,732 shares of the technology company’s stock worth $109,000 after buying an additional 532 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Watts Water Technologies by 157.1% in the second quarter. Acrospire Investment Management LLC now owns 1,800 shares of the technology company’s stock worth $114,000 after buying an additional 1,100 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Watts Water Technologies by 12.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,960 shares of the technology company’s stock worth $122,000 after buying an additional 224 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Watts Water Technologies by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,038 shares of the technology company’s stock worth $129,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 77.68% 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.
Receive News & Stock Ratings for Watts Water Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watts Water Technologies Inc. and related stocks with our FREE daily email newsletter.