Watts Water Technologies (NYSE:WTS) announced its quarterly earnings data on Monday. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01, Bloomberg Earnings reports. The firm had revenue of $366.30 million during the quarter, compared to the consensus estimate of $365.35 million. Watts Water Technologies had a return on equity of 13.07% and a net margin of 5.02%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS.

Watts Water Technologies (NYSE:WTS) opened at $75.60 on Wednesday. Watts Water Technologies has a 1 year low of $59.15 and a 1 year high of $82.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. The company has a market capitalization of $2,526.95, a price-to-earnings ratio of 24.50, a PEG ratio of 1.79 and a beta of 1.13.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.01%. Watts Water Technologies’s dividend payout ratio is presently 35.85%.

In related news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $73.09, for a total transaction of $288,778.59. Following the sale, the chief executive officer now owns 137,474 shares of the company’s stock, valued at approximately $10,047,974.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elie Melhem sold 2,545 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $70.48, for a total value of $179,371.60. The disclosure for this sale can be found here. Insiders have sold a total of 18,348 shares of company stock worth $1,339,628 in the last ninety days. Insiders own 1.10% of the company’s stock.

A number of research analysts have recently commented on WTS shares. Zacks Investment Research raised Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Monday, January 22nd. Northcoast Research set a $90.00 price target on Watts Water Technologies and gave the company a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price target (up previously from $85.00) on shares of Watts Water Technologies in a research report on Tuesday, January 16th. Boenning Scattergood reaffirmed a “buy” rating on shares of Watts Water Technologies in a research report on Monday, November 20th. Finally, Janney Montgomery Scott raised Watts Water Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Watts Water Technologies currently has a consensus rating of “Hold” and a consensus target price of $78.17.

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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.

Earnings History for Watts Water Technologies (NYSE:WTS)

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