Watts Water Technologies, Inc. (NYSE:WTS) to Issue Quarterly Dividend of $0.52

Key Points

• Watts Water Technologies, Inc. has declared a quarterly dividend of $0.52 per share, with payment scheduled for September 15th to stockholders of record by August 29th.
• The company has a strong payout ratio of 21.0%, indicating that its dividend is well-sustained by its earnings, with an expected future payout ratio of 21.2% based on forecasted earnings.
• Shares of Watts Water Technologies reached a trading price of $263.59, with a market cap of $8.80 billion and a P/E ratio of 30.19.

Watts Water Technologies, Inc. (NYSE:WTS - Get Free Report) announced a quarterly dividend on Tuesday, August 5th, RTT News reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.52 per share by the technology company on Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, August 29th.

Watts Water Technologies has a payout ratio of 21.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Watts Water Technologies to earn $9.80 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 21.2%.

Watts Water Technologies Stock Performance

Shares of Watts Water Technologies stock traded down $4.77 during trading on Thursday, hitting $258.97. 257,527 shares of the stock were exchanged, compared to its average volume of 199,674. The company has a fifty day moving average price of $249.08 and a 200-day moving average price of $225.15. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 3.76 and a beta of 1.13. The company has a current ratio of 2.46, a quick ratio of 1.53 and a debt-to-equity ratio of 0.11. Watts Water Technologies has a 1-year low of $177.59 and a 1-year high of $269.10.

Watts Water Technologies (NYSE:WTS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.41. Watts Water Technologies had a return on equity of 17.59% and a net margin of 13.07%. The business had revenue of $643.70 million during the quarter, compared to the consensus estimate of $612.15 million. During the same quarter last year, the firm posted $2.46 EPS. The company's quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts predict that Watts Water Technologies will post 9.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Monica Barry sold 768 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $245.40, for a total value of $188,467.20. Following the completion of the sale, the insider directly owned 6,236 shares of the company's stock, valued at $1,530,314.40. This represents a 10.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Timothy P. Horne sold 7,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $241.85, for a total value of $1,692,950.00. The disclosure for this sale can be found here. Insiders have sold 15,768 shares of company stock worth $3,841,417 in the last 90 days. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WTS. Future Fund LLC bought a new stake in shares of Watts Water Technologies in the 2nd quarter worth approximately $847,000. Campbell & CO Investment Adviser LLC bought a new stake in Watts Water Technologies during the 2nd quarter valued at $2,211,000. Parkside Financial Bank & Trust boosted its holdings in shares of Watts Water Technologies by 3,343.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,102 shares of the technology company's stock worth $271,000 after acquiring an additional 1,070 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Watts Water Technologies during the 2nd quarter worth about $1,444,000. Finally, AE Wealth Management LLC grew its holdings in Watts Water Technologies by 2.9% during the 2nd quarter. AE Wealth Management LLC now owns 124,651 shares of the technology company's stock valued at $30,651,000 after buying an additional 3,473 shares in the last quarter. 95.02% of the stock is owned by institutional investors.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.