Watts Water Technologies Inc (NYSE:WTS) – Boenning Scattergood upped their Q1 2018 earnings estimates for Watts Water Technologies in a report released on Tuesday. Boenning Scattergood analyst R. Connors now anticipates that the technology company will post earnings per share of $0.75 for the quarter, up from their prior estimate of $0.66. Boenning Scattergood currently has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Watts Water Technologies’ Q2 2018 earnings at $0.97 EPS, Q3 2018 earnings at $0.96 EPS and FY2018 earnings at $3.55 EPS.
Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Monday, February 12th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $366.30 million for the quarter, compared to the consensus estimate of $365.35 million. Watts Water Technologies had a negative net margin of 0.63% and a negative return on equity of 1.11%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS.
Watts Water Technologies (NYSE WTS) opened at $75.85 on Thursday. The company has a quick ratio of 1.70, a current ratio of 2.39 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2,581.59, a P/E ratio of 35.78, a P/E/G ratio of 1.83 and a beta of 1.13. Watts Water Technologies has a twelve month low of $59.15 and a twelve month high of $82.35.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TIAA CREF Investment Management LLC grew its holdings in Watts Water Technologies by 52.9% during the 4th quarter. TIAA CREF Investment Management LLC now owns 184,397 shares of the technology company’s stock worth $14,005,000 after acquiring an additional 63,766 shares in the last quarter. Teachers Advisors LLC grew its holdings in Watts Water Technologies by 2.3% during the 4th quarter. Teachers Advisors LLC now owns 65,106 shares of the technology company’s stock worth $4,945,000 after acquiring an additional 1,443 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Watts Water Technologies by 1.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 754,329 shares of the technology company’s stock worth $57,292,000 after acquiring an additional 11,386 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in Watts Water Technologies during the 4th quarter worth approximately $821,000. Finally, Deutsche Bank AG grew its holdings in Watts Water Technologies by 32.1% during the 4th quarter. Deutsche Bank AG now owns 336,741 shares of the technology company’s stock worth $25,572,000 after acquiring an additional 81,845 shares in the last quarter. Institutional investors own 78.21% of the company’s stock.
In other Watts Water Technologies news, CEO Robert J. Pagano, Jr. sold 11,852 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $73.53, for a total transaction of $871,477.56. Following the completion of the transaction, the chief executive officer now owns 137,474 shares in the company, valued at approximately $10,108,463.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert J. Pagano, Jr. sold 3,951 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $73.09, for a total transaction of $288,778.59. Following the transaction, the chief executive officer now owns 137,474 shares of the company’s stock, valued at approximately $10,047,974.66. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, March 1st. Watts Water Technologies’s dividend payout ratio (DPR) is presently 35.85%.
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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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