Watts Water Technologies (WTS) Issues Quarterly Earnings Results
Watts Water Technologies (NYSE:WTS) posted its quarterly earnings data on Monday. The technology company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01, Bloomberg Earnings reports. The firm had revenue of $366.30 million during the quarter, compared to the consensus estimate of $365.35 million. Watts Water Technologies had a return on equity of 12.90% and a net margin of 6.49%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS.
Shares of Watts Water Technologies (NYSE WTS) traded up $1.00 during mid-day trading on Tuesday, hitting $75.00. The stock had a trading volume of 103,691 shares, compared to its average volume of 109,825. The stock has a market cap of $2,485.97, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. Watts Water Technologies has a fifty-two week low of $59.15 and a fifty-two week high of $82.35. The company has a current ratio of 2.57, a quick ratio of 1.70 and a debt-to-equity ratio of 0.60.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, March 1st. Watts Water Technologies’s dividend payout ratio is presently 28.15%.
In other news, insider Elie Melhem sold 2,545 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $70.48, for a total transaction of $179,371.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert J. Pagano, Jr. sold 3,951 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $73.09, for a total value of $288,778.59. Following the transaction, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at $10,047,974.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,348 shares of company stock valued at $1,339,628. Company insiders own 1.10% of the company’s stock.
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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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