Somewhat Positive Media Coverage Somewhat Unlikely to Affect Watts Water Technologies (WTS) Share Price
Media coverage about Watts Water Technologies (NYSE:WTS) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Watts Water Technologies earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.1776664588973 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Watts Water Technologies (NYSE WTS) opened at $73.35 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70. The stock has a market cap of $2,540.00, a PE ratio of 25.07, a P/E/G ratio of 2.03 and a beta of 1.15. Watts Water Technologies has a 12 month low of $59.15 and a 12 month high of $75.28.
Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.03. The company had revenue of $347.70 million during the quarter, compared to analyst estimates of $361.22 million. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. Watts Water Technologies’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. analysts anticipate that Watts Water Technologies will post 3.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.76 annualized dividend and a dividend yield of 1.04%. Watts Water Technologies’s payout ratio is 28.25%.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, October 3rd. Stifel Nicolaus assumed coverage on shares of Watts Water Technologies in a research report on Monday, September 18th. They issued a “buy” rating and a $72.00 target price for the company. Robert W. Baird raised their target price on shares of Watts Water Technologies from $71.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Watts Water Technologies in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $72.83.
In related news, insider Elie Melhem sold 2,545 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $70.48, for a total value of $179,371.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.
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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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