Media stories about Watts Water Technologies (NYSE:WTS) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Watts Water Technologies earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.2495236690999 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Watts Water Technologies, Inc. (WTS) Earns “Hold” Rating from Robert W. Baird (americanbankingnews.com)
- Watts Water Technologies, Inc. (WTS) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- KeyCorp Analysts Cut Earnings Estimates for Watts Water Technologies, Inc. (WTS) (americanbankingnews.com)
- ETFs with exposure to Watts Water Technologies, Inc. : October 4, 2017 (finance.yahoo.com)
Several analysts have recently weighed in on WTS shares. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Watts Water Technologies in a research note on Wednesday, June 14th. BidaskClub cut shares of Watts Water Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Boenning Scattergood reissued an “outperform” rating on shares of Watts Water Technologies in a research note on Tuesday, September 5th. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Monday, September 18th. Finally, Stifel Nicolaus started coverage on shares of Watts Water Technologies in a research note on Monday, September 18th. They issued a “buy” rating and a $72.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $70.83.
Shares of Watts Water Technologies (NYSE WTS) opened at 68.30 on Wednesday. The stock has a market cap of $2.34 billion, a PE ratio of 26.68 and a beta of 1.08. Watts Water Technologies has a 1-year low of $58.35 and a 1-year high of $71.05. The stock has a 50 day moving average of $65.52 and a 200 day moving average of $63.58.
Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $378.50 million during the quarter, compared to analyst estimates of $379.51 million. Watts Water Technologies had a net margin of 6.27% and a return on equity of 12.84%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share. Equities research analysts forecast that Watts Water Technologies will post $2.99 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Wednesday, August 30th. Watts Water Technologies’s dividend payout ratio is presently 29.69%.
In other news, insider Elie Melhem sold 3,306 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $62.11, for a total value of $205,335.66. Following the completion of the transaction, the insider now owns 32,128 shares of the company’s stock, valued at $1,995,470.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.
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About Watts Water Technologies
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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