Watts Water Technologies, Inc. (WTS) To Go Ex-Dividend on December 1st

Watts Water Technologies, Inc. (NYSE:WTS) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.63 per share by the technology company on Tuesday, December 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 1st.

Watts Water Technologies has increased 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Watts Water Technologies to earn $13.95 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 18.1%.

Watts Water Technologies Stock Performance

Shares of WTS opened at $359.42 on Wednesday. Watts Water Technologies has a 1 year low of $260.00 and a 1 year high of $394.54. The stock has a 50-day simple moving average of $356.88 and a 200-day simple moving average of $331.73. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.66. The stock has a market capitalization of $12.00 billion, a PE ratio of 31.39, a PEG ratio of 3.45 and a beta of 1.13.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.32. Watts Water Technologies had a net margin of 14.34% and a return on equity of 19.16%. The company had revenue of $763.20 million for the quarter, compared to the consensus estimate of $725.99 million. During the same period in the prior year, the firm posted $3.09 EPS. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, analysts predict that Watts Water Technologies will post 12.87 earnings per share for the current fiscal year.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc designs, manufactures and sells products that manage the safety, efficiency, quality and flow of water in plumbing, heating and cooling systems. Its products serve residential, commercial, industrial and institutional applications, including new construction, renovation and infrastructure projects.

The company’s offerings include backflow prevention and water pressure management equipment, valves, regulators, drainage and plumbing products, water conditioning and filtration systems, water heaters, and solutions for hydronic heating and cooling.