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MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Biden To Unleash "Choke Point" Operation On America? (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Biden To Unleash "Choke Point" Operation On America? (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
Biden To Unleash "Choke Point" Operation On America? (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
NYSE:WTS

Watts Water Technologies (WTS) Stock Forecast, Price & News

$168.20
+6.93 (+4.30%)
(As of 06/2/2023 ET)
Compare
Today's Range
$162.95
$168.57
50-Day Range
$155.14
$173.37
52-Week Range
$116.31
$181.40
Volume
111,393 shs
Average Volume
96,756 shs
Market Capitalization
$5.61 billion
P/E Ratio
21.56
Dividend Yield
0.86%
Price Target
$148.57

Watts Water Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
11.7% Downside
$148.57 Price Target
Short Interest
Healthy
2.50% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.21
Upright™ Environmental Score
News Sentiment
0.27mentions of Watts Water Technologies in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$5.92 M Sold Last Quarter
Proj. Earnings Growth
2.23%
From $7.19 to $7.35 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Computer And Technology Sector

434th out of 609 stocks

Miscellaneous Fabricated Metal Products Industry

8th out of 8 stocks


WTS stock logo

About Watts Water Technologies (NYSE:WTS) Stock

Watts Water Technologies, Inc. engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and Asia-Pacific, Middle East and Africa. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks. The company was founded in 1985 and is headquartered in North Andover, MA.

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WTS Stock News Headlines

WTS Watts Water Technologies, Inc.
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WTS Price History

WTS Company Calendar

Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Last Earnings
5/03/2023
Ex-Dividend for 6/15 Dividend
5/31/2023
Today
6/03/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Miscellaneous fabricated metal products
Sub-Industry
Industrial Machinery
CUSIP
94274910
Employees
4,600
Year Founded
1874

Price Target and Rating

Average Stock Price Forecast
$148.57
High Stock Price Forecast
$180.00
Low Stock Price Forecast
$120.00
Forecasted Upside/Downside
-11.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$251.50 million
Pretax Margin
16.16%

Debt

Sales & Book Value

Annual Sales
$1.98 billion
Cash Flow
$8.76 per share
Book Value
$40.33 per share

Miscellaneous

Free Float
32,999,000
Market Cap
$5.61 billion
Optionable
Optionable
Beta
1.00

Social Links


Key Executives

  • Robert J. PaganoRobert J. Pagano
    Chairman, President & Chief Executive Officer
  • Andre Joseph Dhawan
    Chief Operating Officer
  • Shashank PatelShashank Patel
    Chief Financial Officer
  • Elie A. MelhemElie A. Melhem
    President-Asia Pacific & Middle East Region
  • Rama Ramakrishnan
    Executive VP-Strategy & Business Development













WTS Stock - Frequently Asked Questions

Should I buy or sell Watts Water Technologies stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watts Water Technologies in the last twelve months. There are currently 6 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.
View WTS analyst ratings
or view top-rated stocks.

What is Watts Water Technologies' stock price forecast for 2023?

6 brokers have issued 1 year price objectives for Watts Water Technologies' stock. Their WTS share price forecasts range from $120.00 to $180.00. On average, they anticipate the company's share price to reach $148.57 in the next twelve months. This suggests that the stock has a possible downside of 11.7%.
View analysts price targets for WTS
or view top-rated stocks among Wall Street analysts.

How have WTS shares performed in 2023?

Watts Water Technologies' stock was trading at $146.23 at the start of the year. Since then, WTS shares have increased by 15.0% and is now trading at $168.20.
View the best growth stocks for 2023 here
.

When is Watts Water Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our WTS earnings forecast
.

How were Watts Water Technologies' earnings last quarter?

Watts Water Technologies, Inc. (NYSE:WTS) released its earnings results on Wednesday, May, 3rd. The technology company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.63 by $0.29. The technology company had revenue of $471.70 million for the quarter, compared to analysts' expectations of $473.29 million. Watts Water Technologies had a trailing twelve-month return on equity of 19.77% and a net margin of 13.16%. The company's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $1.63 earnings per share.

How often does Watts Water Technologies pay dividends? What is the dividend yield for Watts Water Technologies?

Watts Water Technologies declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Thursday, June 1st will be given a dividend of $0.36 per share on Thursday, June 15th. This represents a $1.44 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Wednesday, May 31st. This is a positive change from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for WTS
.

Is Watts Water Technologies a good dividend stock?

Watts Water Technologies (NYSE:WTS) pays an annual dividend of $1.44 per share and currently has a dividend yield of 0.89%. 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 18.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTS will have a dividend payout ratio of 19.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WTS.

What is Robert J. Pagano, Jr.'s approval rating as Watts Water Technologies' CEO?

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.

What other stocks do shareholders of Watts Water Technologies own?

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).

What is Watts Water Technologies' stock symbol?

Watts Water Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "WTS."

Who are Watts Water Technologies' major shareholders?

Watts Water Technologies' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.29%), Kayne Anderson Rudnick Investment Management LLC (6.40%), Impax Asset Management Group plc (5.90%), State Street Corp (2.73%), Mirova US LLC (2.02%) and Dimensional Fund Advisors LP (1.90%). 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.
View institutional ownership trends
.

How do I buy shares of Watts Water Technologies?

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.
Compare Top Brokerages Here.

What is Watts Water Technologies' stock price today?

One share of WTS stock can currently be purchased for approximately $168.20.

How much money does Watts Water Technologies make?

Watts Water Technologies (NYSE:WTS) has a market capitalization of $5.61 billion and generates $1.98 billion in revenue each year. The technology company earns $251.50 million in net income (profit) each year or $7.80 on an earnings per share basis.

How many employees does Watts Water Technologies have?

The company employs 4,600 workers across the globe.

Does Watts Water Technologies have any subsidiaries?
The following companies are subsidiares of Watts Water Technologies: AERCO International, AERCO International Inc., AHC Holding Company Inc., Apex Valves, Apex Valves Limited, Austroflex Rohr-Isoliersysteme, BLUCHER, BLÜCHER France SARL, BLÜCHER Germany GmbH, BLÜCHER Metal, BLÜCHER Metal A/S branch in Finland, BLÜCHER Metal A/S branch in Poland, BLÜCHER Metal A/S branch in Russia, BLÜCHER Norway AS, BLÜCHER Sweden AB, BLÜCHER UK LTD, BM Stainles Steel Drains Limited, Bar pneumatische steuerungssysteme GmbH, Black Teknigas, Black Teknigas & Electro Controls Limited, Blue Ridge Atlantic Enterprises, Dormont Manufacturing Company, Electro Controls Ltd., HF Scientific LLC., Hornet Enterprises LLC, Hornet Manufacturing LLC, PVI, PVI Industries LLC, PVI Riverside Holdings Inc., Socla, Socla SAS, Socla Valves and Controls Iberica SA, Taft Engineering Inc., Tekmar Control Systems, Tekmar Control Systems Inc., Tekmar Control Systems Ltd., Topway Global, Valpes S.A.S., Watts (Ningbo) International Trading Co. Ltd., Watts (Shanghai) Management Company Limited, Watts Asia Pacific Sales Pte. Ltd., Watts Benelux B.V.B.A., Watts Denmark Holding ApS, Watts Deutschland Holdings GmbH & Co KG, Watts EMEA Holding BV, Watts Electronics S.A.S., Watts France Holding S.A.S., Watts Germany Holding GmbH, Watts Holdings Limited, Watts Ind. Iberica S.A., Watts Industries Bulgaria EAD, Watts Industries Deutschland GmbH, Watts Industries France S.A.S., Watts Industries Italia S.r.l., Watts Industries Middle East FZE, Watts Industries Netherlands B.V., Watts Industries Nordic AB, Watts Industries Polska Sp. z.o.o., Watts Industries Tunisia S.A.S., Watts Industries UK Limited., Watts Intermes AG, Watts Intermes GmbH, Watts International Holdings Limited, Watts Italy Holding S.r.l., Watts Korea Co. Ltd., Watts Regulator Co., Watts U.K. Ltd., Watts Water Equipment Manufacturing (Ningbo) Co. Ltd., Watts Water Quality and Conditioning Products LLC., Watts Water Technologies (Australia) Pty Ltd., Watts Water Technologies (Canada) Inc., Watts Water Technologies (HK) Holding Limited, Watts Water Technologies Inc., and Watts Water Technologies Latin America S.A. de C.V..
Read More
How can I contact Watts Water Technologies?

Watts Water Technologies' mailing address is 815 CHESTNUT ST, NORTH ANDOVER MA, 01845. The official website for the company is www.watts.com. The technology company can be reached via phone at (978) 688-1811, via email at investorrelations@wattswater.com, or via fax at 978-794-1848.

This page (NYSE:WTS) was last updated on 6/4/2023 by MarketBeat.com Staff

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