Equities analysts expect that Watts Water Technologies, Inc. (NYSE:WTS) will post earnings per share of $1.31 for the current quarter, according to Zacks. Four analysts have made estimates for Watts Water Technologies’ earnings. The highest EPS estimate is $1.34 and the lowest is $1.27. Watts Water Technologies reported earnings per share of $1.05 during the same quarter last year, which would indicate a positive year over year growth rate of 24.8%. The business is expected to announce its next quarterly earnings results on Wednesday, November 3rd.
According to Zacks, analysts expect that Watts Water Technologies will report full year earnings of $5.28 per share for the current financial year, with EPS estimates ranging from $5.20 to $5.36. For the next financial year, analysts expect that the firm will post earnings of $5.77 per share, with EPS estimates ranging from $5.60 to $5.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Watts Water Technologies.
Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, August 4th. The technology company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.20. The firm had revenue of $467.00 million during the quarter, compared to analysts’ expectations of $425.48 million. Watts Water Technologies had a net margin of 8.47% and a return on equity of 15.51%. The business’s quarterly revenue was up 37.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 earnings per share.
Shares of WTS stock traded up $2.23 during trading on Friday, reaching $174.29. The company’s stock had a trading volume of 1,605 shares, compared to its average volume of 143,040. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.13 and a quick ratio of 1.34. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 41.26, a P/E/G ratio of 4.10 and a beta of 0.88. The stock’s 50-day moving average price is $158.76 and its 200 day moving average price is $139.69. Watts Water Technologies has a 1-year low of $95.21 and a 1-year high of $176.28.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st will be paid a $0.26 dividend. The ex-dividend date is Tuesday, August 31st. This represents a $1.04 dividend on an annualized basis and a yield of 0.60%. Watts Water Technologies’s dividend payout ratio is currently 26.80%.
In other news, CFO Shashank Patel sold 8,524 shares of the business’s stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $150.00, for a total transaction of $1,278,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert J. Pagano, Jr. sold 13,010 shares of the business’s stock in a transaction that occurred on Monday, August 30th. The stock was sold at an average price of $170.66, for a total transaction of $2,220,286.60. The disclosure for this sale can be found here. Insiders sold 23,048 shares of company stock valued at $3,745,669 in the last quarter. 1.00% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in WTS. Wesbanco Bank Inc. acquired a new position in shares of Watts Water Technologies in the 1st quarter valued at $492,000. Scotia Capital Inc. increased its holdings in shares of Watts Water Technologies by 13.8% in the 1st quarter. Scotia Capital Inc. now owns 2,636 shares of the technology company’s stock valued at $313,000 after acquiring an additional 319 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Watts Water Technologies by 2.2% in the 1st quarter. Alliancebernstein L.P. now owns 62,747 shares of the technology company’s stock valued at $7,455,000 after acquiring an additional 1,373 shares during the period. Keybank National Association OH increased its holdings in shares of Watts Water Technologies by 3.6% in the 1st quarter. Keybank National Association OH now owns 6,035 shares of the technology company’s stock valued at $717,000 after acquiring an additional 210 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Watts Water Technologies by 1.0% in the 1st quarter. Swiss National Bank now owns 59,600 shares of the technology company’s stock valued at $7,081,000 after acquiring an additional 600 shares during the period. 74.90% of the stock is currently owned by institutional investors and hedge funds.
Watts Water Technologies Company Profile
Watts Water Technologies, Inc engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and Asia-Pacific, Middle East and Africa. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks.
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