Watts Water Technologies Stock Price, News & Analysis (NYSE:WTS)

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watts Water Technologies in the last twelve months. There are currently 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WTS, but not buy additional shares or sell existing shares.
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5 Wall Street analysts have issued 1 year target prices for Watts Water Technologies' shares. Their WTS share price targets range from $175.00 to $189.00. On average, they anticipate the company's share price to reach $180.20 in the next twelve months. This suggests that the stock has a possible downside of 8.3%.
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Watts Water Technologies' stock was trading at $146.23 at the beginning of 2023. Since then, WTS shares have increased by 34.3% and is now trading at $196.46.
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Watts Water Technologies saw a increase in short interest in October. As of October 31st, there was short interest totaling 597,500 shares, an increase of 30.2% from the October 15th total of 459,000 shares. Based on an average trading volume of 118,500 shares, the short-interest ratio is presently 5.0 days. Approximately 2.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
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Watts Water Technologies, Inc. (NYSE:WTS) announced its earnings results on Wednesday, November, 1st. The technology company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.21. The technology company had revenue of $504.30 million for the quarter, compared to analyst estimates of $497.47 million. Watts Water Technologies had a net margin of 13.68% and a trailing twelve-month return on equity of 19.22%. The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.79 EPS.

Watts Water Technologies announced a quarterly dividend on Monday, October 30th. Investors of record on Friday, December 1st will be given a dividend of $0.36 per share on Friday, December 15th. This represents a $1.44 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for WTS.

Watts Water Technologies (NYSE:WTS) pays an annual dividend of $1.44 per share and currently has a dividend yield of 0.73%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTS will have a dividend payout ratio of 17.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WTS.

ETFs with the largest weight of Watts Water Technologies (NYSE:WTS) stock in their portfolio include iShares MSCI Water Management Multisector ETF (IWTR), First Trust Water ETF (FIW), Global X Clean Water ETF (AQWA), iShares Environmental Infrastructure and Industrials ETF (EFRA), Ecofin Global Water ESG Fund (EBLU), Invesco S&P Global Water Index ETF (CGW), Horizon Kinetics Energy and Remediation ETF (NVIR) and Invesco Water Resources ETF (PHO).

48 employees have rated Watts Water Technologies Chief Executive Officer Robert J. Pagano, Jr. on Glassdoor.com. Robert J. Pagano, Jr. has an approval rating of 66% among the company's employees. 53.0% of employees surveyed would recommend working at Watts Water Technologies to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Watts Water Technologies investors own include Weyerhaeuser (WY), AES (AES), Pfizer (PFE), QUALCOMM (QCOM), Simon Property Group (SPG), TJX Companies (TJX), Tesla (TSLA), AbbVie (ABBV), Cisco Systems (CSCO) and CVS Health (CVS).

Watts Water Technologies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (6.20%), Impax Asset Management Group plc (5.43%), Victory Capital Management Inc. (1.78%), Gamco Investors INC. ET AL (1.62%), Invesco Ltd. (1.17%) and Northern Trust Corp (1.11%). Insiders that own company stock include Elie Melhem, Joseph T Noonan, Kenneth Robert Lepage, Kevin Hettrich, Munish Nanda, Robert J Pagano Jr, Shashank Patel and Timothy P Horne.
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Shares of WTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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