Press coverage about Watts Water Technologies (NYSE:WTS) has trended somewhat positive this week, according to Alpha One. The research firm, a service of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Watts Water Technologies earned a news sentiment score of 0.14 on Alpha One’s scale. Alpha One also gave news stories about the technology company an impact score of 80 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the immediate future.
A number of research analysts have recently commented on the company. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Watts Water Technologies in a report on Thursday, May 4th. Goldman Sachs Group Inc started coverage on Watts Water Technologies in a report on Wednesday, March 8th. They set a “neutral” rating and a $66.00 price objective on the stock. Finally, Zacks Investment Research raised Watts Water Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Six equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $62.33.
Shares of Watts Water Technologies (NYSE:WTS) traded up 0.24% during mid-day trading on Friday, hitting $62.80. The company’s stock had a trading volume of 22,756 shares. Watts Water Technologies has a 1-year low of $54.37 and a 1-year high of $71.05. The company has a 50-day moving average of $61.99 and a 200 day moving average of $64.22. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 24.15 and a beta of 1.15.
Watts Water Technologies (NYSE:WTS) last posted its earnings results on Thursday, May 4th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. Watts Water Technologies had a return on equity of 12.51% and a net margin of 6.02%. The company had revenue of $347.20 million for the quarter, compared to the consensus estimate of $343.79 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect that Watts Water Technologies will post $2.92 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 31st. This represents a $0.76 dividend on an annualized basis and a yield of 1.21%. This is an increase from Watts Water Technologies’s previous quarterly dividend of $0.18. Watts Water Technologies’s dividend payout ratio is currently 29.51%.
In other Watts Water Technologies news, insider Elie Melhem sold 1,000 shares of the company’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $61.75, for a total transaction of $61,750.00. Following the completion of the sale, the insider now directly owns 30,039 shares in the company, valued at $1,854,908.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Kenneth Robert Lepage sold 10,147 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $65.00, for a total value of $659,555.00. Following the completion of the transaction, the general counsel now owns 39,102 shares of the company’s stock, valued at $2,541,630. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.
Watts Water Technologies Company Profile
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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