Watts Water Technologies Inc. (NYSE:WTS) declared a quarterly dividend on Tuesday, November 1st. Investors of record on Friday, December 2nd will be given a dividend of 0.18 per share on Friday, December 16th. This represents a $0.72 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, November 30th.
Watts Water Technologies (NYSE:WTS) opened at 68.95 on Friday. The stock’s market capitalization is $2.36 billion. Watts Water Technologies has a 12-month low of $44.51 and a 12-month high of $69.85. The company’s 50-day moving average is $63.77 and its 200 day moving average is $61.58.
Watts Water Technologies (NYSE:WTS) last posted its earnings results on Wednesday, November 2nd. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.02. Watts Water Technologies had a negative net margin of 3.64% and a positive return on equity of 12.41%. The firm earned $341 million during the quarter, compared to analysts’ expectations of $352.64 million. During the same period last year, the company posted $0.67 EPS. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities research analysts expect that Watts Water Technologies will post $2.67 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on WTS shares. Janney Montgomery Scott started coverage on shares of Watts Water Technologies in a research report on Friday, September 16th. They issued a “neutral” rating and a $63.00 target price for the company. Zacks Investment Research cut shares of Watts Water Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $61.40.
In other Watts Water Technologies news, Director Richard J. Cathcart sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $68.47, for a total transaction of $68,470.00. Following the completion of the sale, the director now directly owns 18,032 shares in the company, valued at approximately $1,234,651.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Elie Melhem sold 6,143 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $67.78, for a total transaction of $416,372.54. Following the sale, the insider now owns 32,464 shares of the company’s stock, valued at $2,200,409.92. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. purchased a new stake in Watts Water Technologies during the second quarter worth $100,000. Paradigm Asset Management Co. LLC raised its stake in Watts Water Technologies by 3.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,800 shares of the company’s stock worth $163,000 after buying an additional 100 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Watts Water Technologies during the second quarter worth $226,000. Panagora Asset Management Inc. purchased a new stake in Watts Water Technologies during the third quarter worth $412,000. Finally, Profund Advisors LLC raised its stake in Watts Water Technologies by 2.3% in the second quarter. Profund Advisors LLC now owns 6,703 shares of the company’s stock worth $391,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.
Watts Water Technologies Company Profile