Watts Water Technologies, Inc. (WTS) to Distribute Quarterly Dividend of $0.43 on December 13th

Watts Water Technologies, Inc. (NYSE:WTS) announced a quarterly dividend on Monday, October 28th, RTT News reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.43 per share by the technology company on Friday, December 13th. This represents a $1.72 annualized dividend and a dividend yield of 0.87%.

Watts Water Technologies has increased its dividend payment by an average of 14.5% annually over the last three years and has increased its dividend every year for the last 12 years. Watts Water Technologies has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Watts Water Technologies to earn $8.99 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 19.1%.

Watts Water Technologies Stock Performance

Shares of NYSE WTS opened at $197.93 on Wednesday. The business’s 50 day moving average is $199.65 and its two-hundred day moving average is $197.28. The company has a market cap of $6.60 billion, a P/E ratio of 24.02, a P/E/G ratio of 2.83 and a beta of 0.89. The company has a quick ratio of 1.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Watts Water Technologies has a 12 month low of $169.71 and a 12 month high of $219.52.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.13. Watts Water Technologies had a net margin of 12.44% and a return on equity of 19.22%. The business had revenue of $597.30 million during the quarter, compared to analyst estimates of $589.55 million. During the same quarter in the prior year, the business earned $2.34 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts expect that Watts Water Technologies will post 8.7 EPS for the current year.

Analyst Upgrades and Downgrades

WTS has been the subject of several research reports. Stifel Nicolaus reduced their target price on Watts Water Technologies from $217.00 to $202.00 and set a “hold” rating for the company in a research report on Friday, August 9th. StockNews.com raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Finally, Robert W. Baird cut their price target on shares of Watts Water Technologies from $225.00 to $199.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.

Insider Activity

In related news, Director Michael J. Dubose sold 315 shares of Watts Water Technologies stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $185.93, for a total transaction of $58,567.95. Following the completion of the transaction, the director now directly owns 2,755 shares of the company’s stock, valued at $512,237.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Watts Water Technologies news, Director Michael J. Dubose sold 315 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $185.93, for a total value of $58,567.95. Following the transaction, the director now owns 2,755 shares of the company’s stock, valued at approximately $512,237.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elie Melhem sold 1,710 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $185.16, for a total transaction of $316,623.60. Following the completion of the sale, the insider now owns 11,516 shares of the company’s stock, valued at $2,132,302.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.