Media coverage about Watts Water Technologies (NYSE:WTS) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Watts Water Technologies earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.3831086940305 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research analysts recently weighed in on the stock. Boenning Scattergood reaffirmed an “outperform” rating on shares of Watts Water Technologies in a research report on Tuesday, September 5th. BidaskClub downgraded shares of Watts Water Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Watts Water Technologies in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $66.00.
Watts Water Technologies (NYSE:WTS) opened at 64.00 on Friday. The company has a market cap of $2.19 billion, a P/E ratio of 25.00 and a beta of 1.06. The stock has a 50 day moving average of $63.35 and a 200-day moving average of $62.74. Watts Water Technologies has a 12 month low of $58.35 and a 12 month high of $71.05.
Watts Water Technologies (NYSE:WTS) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.04. Watts Water Technologies had a net margin of 6.27% and a return on equity of 12.84%. The firm had revenue of $378.50 million for the quarter, compared to the consensus estimate of $379.51 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. Equities research analysts expect that Watts Water Technologies will post $2.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.76 annualized dividend and a yield of 1.19%. Watts Water Technologies’s payout ratio is 29.69%.
In other Watts Water Technologies news, insider Elie Melhem sold 3,306 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $62.11, for a total transaction of $205,335.66. Following the transaction, the insider now owns 32,128 shares in the company, valued at $1,995,470.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
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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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