Watts Water Technologies (NYSE:WTS) Releases Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Watts Water Technologies (NYSE:WTS) announced its quarterly earnings results on Wednesday. The technology company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.26, FiscalAI reports. Watts Water Technologies had a return on equity of 19.16% and a net margin of 14.34%. The firm had revenue of $728.00 million during the quarter, compared to the consensus estimate of $692.57 million. During the same period in the prior year, the firm earned $2.50 EPS. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year.

Watts Water Technologies Price Performance

WTS traded up $0.82 during trading on Thursday, reaching $354.12. 313,669 shares of the stock were exchanged, compared to its average volume of 263,081. The business’s 50 day moving average price is $356.53 and its two-hundred day moving average price is $332.02. Watts Water Technologies has a 1 year low of $260.00 and a 1 year high of $394.54. The company has a market capitalization of $11.82 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 3.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.66 and a quick ratio of 1.60.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 1st. Watts Water Technologies’s dividend payout ratio is 22.01%.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, Director Joseph T. Noonan sold 3,650 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $353.72, for a total transaction of $1,291,078.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Elie Melhem sold 1,096 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $359.55, for a total value of $394,066.80. Following the sale, the insider owned 7,867 shares in the company, valued at $2,828,579.85. The trade was a 12.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

More Watts Water Technologies News

Here are the key news stories impacting Watts Water Technologies this week:

• Positive Sentiment: Third-quarter EPS was $3.40, above analyst estimates of about $3.14–$3.15 and up from $2.50 a year earlier. Revenue rose 19% year over year to $728 million, also topping the roughly $693 million consensus. The company also raised its guidance. Watts Water Technologies Reports Record Third Quarter 2026 Results
• Neutral Sentiment: Investors may also weigh valuation: the supplied market data show WTS trading at about 31.7 times earnings, with shares nearer their 12-month high than low. A strong quarter and higher guidance support the outlook, but valuation could temper further gains if growth or execution disappoints. Watts Water Technologies Lifted Guidance, Is The Stock Still Cheap?

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. KeyCorp lifted their price target on Watts Water Technologies from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Robert W. Baird set a $405.00 price objective on Watts Water Technologies in a report on Friday, August 7th. Wall Street Zen cut shares of Watts Water Technologies from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Stifel Nicolaus set a $445.00 price objective on shares of Watts Water Technologies in a research note on Monday, October 19th. Finally, Weiss Ratings raised Watts Water Technologies from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Watts Water Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $371.90.

About Watts Water Technologies

Watts Water Technologies, Inc designs, manufactures and sells products that manage the safety, efficiency, quality and flow of water in plumbing, heating and cooling systems. Its products serve residential, commercial, industrial and institutional applications, including new construction, renovation and infrastructure projects.

The company’s offerings include backflow prevention and water pressure management equipment, valves, regulators, drainage and plumbing products, water conditioning and filtration systems, water heaters, and solutions for hydronic heating and cooling.