Media headlines about Watts Water Technologies (NYSE:WTS) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Watts Water Technologies earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.0759013937437 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Watts Water Technologies, Inc. (WTS) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Head-To-Head Comparison: Robbins & Myers (RBN) & Watts Water Technologies (WTS) (americanbankingnews.com)
- $364.26 Million in Sales Expected for Watts Water Technologies, Inc. (WTS) This Quarter (americanbankingnews.com)
- Watts Water Technologies, Inc. : WTS-US: Dividend Analysis : December 01st, 2017 (record date) : By the numbers : December 1, 2017 (finance.yahoo.com)
- Financial Review: Robbins & Myers (RBN) & Watts Water Technologies (WTS) (americanbankingnews.com)
A number of equities research analysts recently commented on WTS shares. Robert W. Baird reissued a “hold” rating and issued a $71.00 price objective on shares of Watts Water Technologies in a research note on Wednesday, October 4th. Boenning Scattergood restated an “outperform” rating on shares of Watts Water Technologies in a report on Tuesday, September 5th. Northcoast Research upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Monday, September 18th. Zacks Investment Research upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Tuesday, October 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $79.00 price objective on shares of Watts Water Technologies in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Watts Water Technologies currently has an average rating of “Hold” and an average target price of $72.83.
Shares of Watts Water Technologies (NYSE WTS) traded up $0.05 during trading hours on Thursday, reaching $73.20. 107,400 shares of the company’s stock traded hands, compared to its average volume of 127,373. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.57 and a quick ratio of 1.70. Watts Water Technologies has a one year low of $59.15 and a one year high of $75.28. The firm has a market capitalization of $2,497.93, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15.
Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Watts Water Technologies had a net margin of 6.49% and a return on equity of 12.90%. The business had revenue of $347.70 million during the quarter, compared to the consensus estimate of $361.22 million. During the same quarter last year, the company earned $0.71 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. equities research analysts anticipate that Watts Water Technologies will post 3.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, November 30th. Watts Water Technologies’s payout ratio is currently 28.15%.
In related news, insider Elie Melhem sold 2,545 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.48, for a total transaction of $179,371.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently 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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