Watts Water Technologies Inc (NYSE:WTS) – Equities research analysts at Boenning Scattergood increased their FY2018 earnings per share estimates for shares of Watts Water Technologies in a report issued on Monday, November 5th. Boenning Scattergood analyst R. Connors now expects that the technology company will earn $3.71 per share for the year, up from their previous estimate of $3.65. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Watts Water Technologies’ Q4 2018 earnings at $0.85 EPS, Q3 2019 earnings at $1.06 EPS and Q4 2019 earnings at $0.94 EPS.
Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Friday, November 2nd. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Watts Water Technologies had a net margin of 6.05% and a return on equity of 14.43%. The firm had revenue of $390.90 million for the quarter, compared to analyst estimates of $380.00 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The company’s revenue was up 12.4% on a year-over-year basis.
Shares of NYSE:WTS opened at $76.59 on Thursday. Watts Water Technologies has a 12 month low of $67.29 and a 12 month high of $93.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 2.24. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 1.84 and a beta of 1.16.
Several hedge funds and other institutional investors have recently modified their holdings of WTS. BlackRock Inc. boosted its stake in shares of Watts Water Technologies by 9.3% in the 2nd quarter. BlackRock Inc. now owns 4,546,758 shares of the technology company’s stock valued at $356,466,000 after purchasing an additional 385,696 shares during the last quarter. BTIM Corp. bought a new position in shares of Watts Water Technologies in the 2nd quarter valued at about $14,345,000. Segall Bryant & Hamill LLC boosted its stake in shares of Watts Water Technologies by 466.7% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 174,352 shares of the technology company’s stock valued at $13,669,000 after purchasing an additional 143,588 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of Watts Water Technologies by 1,879.0% in the 2nd quarter. TD Asset Management Inc. now owns 122,700 shares of the technology company’s stock valued at $9,620,000 after purchasing an additional 116,500 shares during the last quarter. Finally, United Services Automobile Association boosted its stake in shares of Watts Water Technologies by 1,928.2% in the 2nd quarter. United Services Automobile Association now owns 90,335 shares of the technology company’s stock valued at $9,709,000 after purchasing an additional 85,881 shares during the last quarter. 77.03% of the stock is currently owned by institutional investors.
In other news, insider Elie Melhem sold 3,910 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $82.32, for a total value of $321,871.20. Following the transaction, the insider now owns 22,991 shares of the company’s stock, valued at approximately $1,892,619.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph T. Noonan sold 2,653 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $76.00, for a total transaction of $201,628.00. Following the completion of the transaction, the director now directly owns 2,109 shares in the company, valued at approximately $160,284. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, November 29th. Watts Water Technologies’s dividend payout ratio is currently 27.81%.
Watts Water Technologies Company Profile
Watts Water Technologies, Inc designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.
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