Watts Water Technologies, Inc. (NYSE:WTS) Plans Quarterly Dividend of $0.63

Watts Water Technologies, Inc. (NYSE:WTS) announced a quarterly dividend on Monday, August 3rd. Investors of record on Tuesday, September 1st will be paid a dividend of 0.63 per share by the technology company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 1st.

Watts Water Technologies has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 13 years. Watts Water Technologies has a dividend payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Watts Water Technologies to earn $13.36 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 18.9%.

Watts Water Technologies Stock Up 1.3%

Shares of NYSE WTS opened at $350.42 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 2.72 and a debt-to-equity ratio of 0.09. The company has a market cap of $11.70 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.99 and a beta of 1.14. Watts Water Technologies has a 52 week low of $251.17 and a 52 week high of $394.54. The business has a 50-day simple moving average of $341.30 and a two-hundred day simple moving average of $317.29.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.32. The firm had revenue of $677.30 million for the quarter, compared to analysts’ expectations of $638.13 million. Watts Water Technologies had a return on equity of 18.92% and a net margin of 14.32%.The company’s revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.37 earnings per share. Research analysts anticipate that Watts Water Technologies will post 12.23 earnings per share for the current fiscal year.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc is a global manufacturer and distributor of flow control products and solutions designed to ensure the safe, efficient delivery and use of water. Founded in 1874 and headquartered in North Andover, Massachusetts, the company has built a reputation for engineering innovation in residential, commercial and industrial plumbing, heating, cooling and water treatment systems. Watts operates through a comprehensive portfolio of brands and product lines that address application-specific requirements in water safety, pressure regulation, flow control and filtration.

The company’s product offerings span backflow preventers, pressure reducing valves, relief valves and steam traps, as well as hydronic balancing and temperature control devices for heating systems.