Watts Water Technologies (NYSE:WTS) Announces Quarterly Earnings Results, Beats Estimates By $0.32 EPS

Watts Water Technologies (NYSE:WTS) announced its earnings results on Wednesday. The technology company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.34 by $0.32, Zacks reports. Watts Water Technologies had a return on equity of 18.92% and a net margin of 14.32%.During the same quarter in the prior year, the firm posted $3.09 EPS. Watts Water Technologies’s revenue for the quarter was up 18.6% compared to the same quarter last year.

Watts Water Technologies Trading Up 1.3%

Shares of NYSE:WTS traded up $4.64 during mid-day trading on Wednesday, hitting $362.73. The company had a trading volume of 295,073 shares, compared to its average volume of 199,642. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.72 and a quick ratio of 1.62. Watts Water Technologies has a one year low of $251.17 and a one year high of $394.54. The firm has a fifty day moving average price of $343.17 and a 200 day moving average price of $318.23. The company has a market capitalization of $12.11 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 3.09 and a beta of 1.15.

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.52 annualized dividend and a dividend yield of 0.7%. Watts Water Technologies’s dividend payout ratio (DPR) is 23.06%.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, insider Elie Melhem sold 2,257 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $301.00, for a total value of $679,357.00. Following the completion of the sale, the insider directly owned 8,963 shares in the company, valued at approximately $2,697,863. This trade represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Dubose sold 398 shares of Watts Water Technologies stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $309.63, for a total transaction of $123,232.74. Following the completion of the sale, the director directly owned 1,814 shares of the company’s stock, valued at approximately $561,668.82. This trade represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WTS. Boston Partners raised its holdings in shares of Watts Water Technologies by 2.2% in the 3rd quarter. Boston Partners now owns 907,336 shares of the technology company’s stock worth $253,211,000 after acquiring an additional 19,247 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Watts Water Technologies by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 522,624 shares of the technology company’s stock valued at $144,261,000 after purchasing an additional 1,418 shares during the last quarter. Invesco Ltd. increased its holdings in Watts Water Technologies by 34.4% during the 3rd quarter. Invesco Ltd. now owns 469,508 shares of the technology company’s stock worth $131,124,000 after purchasing an additional 120,090 shares in the last quarter. AQR Capital Management LLC increased its holdings in Watts Water Technologies by 17.5% during the 3rd quarter. AQR Capital Management LLC now owns 326,139 shares of the technology company’s stock worth $90,226,000 after purchasing an additional 48,470 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Watts Water Technologies by 79.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 282,830 shares of the technology company’s stock worth $78,067,000 after purchasing an additional 125,218 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Robert W. Baird set a $330.00 price objective on Watts Water Technologies in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $358.00 target price on shares of Watts Water Technologies in a report on Friday, May 8th. Weiss Ratings downgraded shares of Watts Water Technologies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Royal Bank Of Canada raised their price target on shares of Watts Water Technologies from $323.00 to $350.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Finally, Barclays upgraded shares of Watts Water Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $317.00 to $414.00 in a research report on Tuesday, June 30th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $345.30.

Key Stories Impacting Watts Water Technologies

Here are the key news stories impacting Watts Water Technologies this week:

• Positive Sentiment: Q2 earnings beat estimates: Watts Water reported adjusted earnings of $3.66 per share, $0.32 above the $3.34 consensus estimate and up from $3.09 a year earlier. Watts Water Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Strong revenue growth: Quarterly revenue increased 18.6% year over year, with the company describing the period as a record second quarter. The combination of sales growth and improved earnings supports the stock’s favorable reaction. Watts Water Technologies Reports Record Second Quarter 2026 Results
• Positive Sentiment: Revenue outlook exceeds expectations: Watts Water issued fiscal 2026 revenue guidance of $2.8 billion to $2.9 billion, above the roughly $2.7 billion analyst consensus. This suggests management expects business momentum to continue. Watts Water Technologies Beats Expectations in Strong Q2
• Positive Sentiment: Profitability remained solid: The company reported a 14.32% net margin and 18.92% return on equity, reinforcing the quality of the quarterly performance. Watts Water Technologies Earnings Results
• Neutral Sentiment: Dividend declared: Watts Water announced a quarterly dividend of $0.63 per share, payable September 15 to shareholders of record September 1. The dividend provides income support, although its annualized yield is approximately 0.7%. Watts Water Dividend Announcement

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.