Media headlines about Watts Water Technologies (NYSE:WTS) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Watts Water Technologies earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.1702759831093 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research firms recently weighed in on WTS. Boenning Scattergood restated a “buy” rating on shares of Watts Water Technologies in a report on Monday, November 20th. Cowen restated a “hold” rating and issued a $58.00 price objective on shares of Watts Water Technologies in a report on Thursday, September 28th. Zacks Investment Research upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Tuesday, October 3rd. Robert W. Baird increased their price objective on Watts Water Technologies from $71.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, KeyCorp restated a “hold” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. 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 $1.55 during trading on Wednesday, reaching $75.60. The company’s stock had a trading volume of 135,729 shares, compared to its average volume of 128,224. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.57. Watts Water Technologies has a 52-week low of $59.15 and a 52-week high of $75.95. The firm has a market cap of $2,496.22, a P/E ratio of 25.03, a P/E/G ratio of 2.03 and a beta of 1.15.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.76 dividend on an annualized basis and a yield of 1.01%. Watts Water Technologies’s payout ratio is currently 28.15%.
In other Watts Water Technologies news, insider Elie Melhem sold 2,545 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert J. Pagano, Jr. sold 3,951 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $73.09, for a total value of $288,778.59. Following the sale, the chief executive officer now owns 137,474 shares of the company’s stock, valued at $10,047,974.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,348 shares of company stock valued at $1,339,628. Company 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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