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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Watts Water Technologies in the last year. There are currently 6 hold ratings for the stock. The consensus among Wall Street research 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.

6 brokerages have issued 12 month 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 year. This suggests that the stock has a possible downside of 6.2%.
View analysts price targets for WTS or view top-rated stocks among Wall Street analysts.

Watts Water Technologies' stock was trading at $146.23 at the beginning of the year. Since then, WTS shares have increased by 8.4% and is now trading at $158.45.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our WTS earnings forecast.

Watts Water Technologies, Inc. (NYSE:WTS) announced its quarterly earnings data on Wednesday, May, 3rd. The technology company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.29. The technology company earned $471.70 million during 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 revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS.

Watts Water Technologies announced a quarterly dividend on Tuesday, May 2nd. Stockholders 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 0.91%. 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.

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

Watts Water Technologies (NYSE:WTS) pays an annual dividend of $1.20 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 15.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTS will have a dividend payout ratio of 16.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WTS.

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

Watts Water Technologies' stock is owned by a number of institutional and retail 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.
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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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One share of WTS stock can currently be purchased for approximately $158.45.

Watts Water Technologies (NYSE:WTS) has a market capitalization of $5.29 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.

The company employs 4,600 workers across the globe.

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.