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NYSE:WTS

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

$208.50
-1.67 (-0.79%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$207.38
$211.35
50-Day Range
$198.11
$217.66
52-Week Range
$156.85
$219.52
Volume
135,300 shs
Average Volume
128,635 shs
Market Capitalization
$6.96 billion
P/E Ratio
25.87
Dividend Yield
0.82%
Price Target
$199.50

Watts Water Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.3% Downside
$199.50 Price Target
Short Interest
Bearish
2.54% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.21
Upright™ Environmental Score
News Sentiment
0.59mentions of Watts Water Technologies in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$1.54 M Sold Last Quarter
Proj. Earnings Growth
5.95%
From $8.57 to $9.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.65 out of 5 stars

Computer And Technology Sector

206th out of 595 stocks

Miscellaneous Fabricated Metal Products Industry

4th out of 6 stocks

WTS stock logo

About Watts Water Technologies Stock (NYSE:WTS)

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. The company offers residential and commercial flow control and protection products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, thermostatic mixing valves, leak detection and protection products, commercial washroom solutions, and emergency safety products and equipment for plumbing and hot water applications. It also provides heating, ventilation, and air conditioning and gas products comprising commercial boilers; water heaters and heating solutions; hydronic and electric heating systems for under-floor radiant applications; custom heat and hot water solutions; hydronic pump groups for boiler manufacturers and alternative energy control packages; and flexible stainless-steel connectors for natural and liquid propane gas in commercial food service and residential applications. In addition, the company offers drainage and water re-use products, such as drainage products, engineered rainwater harvesting solutions for commercial, industrial, marine, and residential applications; connected roof drain systems; and water quality products that include point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems for commercial, marine, and residential applications. The company sells its products to plumbing, heating, and mechanical wholesale distributors and dealers; original equipment manufacturers; specialty product distributors; and do-it-yourself and retail chains, as well as wholesalers and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.

WTS Stock Price History

WTS Stock News Headlines

The Latest Analyst Ratings For Watts Water Technologies
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Last Earnings
5/08/2024
Today
5/27/2024
Ex-Dividend for 6/14 Dividend
5/31/2024
Dividend Payable
6/14/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous fabricated metal products
Sub-Industry
Industrial Machinery
CUSIP
94274910
Employees
5,100
Year Founded
1874

Price Target and Rating

Average Stock Price Target
$199.50
High Stock Price Target
$225.00
Low Stock Price Target
$175.00
Potential Upside/Downside
-4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$262.10 million
Pretax Margin
16.76%

Debt

Sales & Book Value

Annual Sales
$2.06 billion
Cash Flow
$9.63 per share
Book Value
$46.50 per share

Miscellaneous

Free Float
33,004,000
Market Cap
$6.96 billion
Optionable
Optionable
Beta
0.95

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WTS Stock Analysis - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watts Water Technologies in the last year. There are currently 4 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 target for 2024?

4 Wall Street research analysts have issued 1 year price targets for Watts Water Technologies' stock. Their WTS share price targets range from $175.00 to $225.00. On average, they predict the company's share price to reach $199.50 in the next year. This suggests that the stock has a possible downside of 4.3%.
View analysts price targets for WTS
or view top-rated stocks among Wall Street analysts.

How have WTS shares performed in 2024?

Watts Water Technologies' stock was trading at $208.34 at the start of the year. Since then, WTS stock has increased by 0.1% and is now trading at $208.50.
View the best growth stocks for 2024 here
.

When is Watts Water Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our WTS earnings forecast
.

How were Watts Water Technologies' earnings last quarter?

Watts Water Technologies, Inc. (NYSE:WTS) issued its earnings results on Wednesday, May, 8th. The technology company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.11 by $0.22. The technology company earned $570.90 million during the quarter, compared to analyst estimates of $547.20 million. Watts Water Technologies had a trailing twelve-month return on equity of 19.61% and a net margin of 12.53%. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 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 7th. Shareholders of record on Friday, May 31st will be given a dividend of $0.43 per share on Friday, June 14th. This represents a $1.72 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for WTS
.

Is Watts Water Technologies a good dividend stock?

Watts Water Technologies (NYSE:WTS) pays an annual dividend of $1.72 per share and currently has a dividend yield of 0.69%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 21.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTS will have a dividend payout ratio of 18.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WTS.

What guidance has Watts Water Technologies issued on next quarter's earnings?

Watts Water Technologies issued an update on its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.3 billion.

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).

Who are Watts Water Technologies' major shareholders?

Watts Water Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.55%), Congress Asset Management Co. MA (1.81%), Gamco Investors INC. ET AL (1.51%), Price T Rowe Associates Inc. MD (1.02%), Gabelli Funds LLC (0.60%) and Jupiter Asset Management Ltd. (0.41%). Insiders that own company stock include Elie Melhem, Joseph T Noonan, Kenneth Robert Lepage, Michael J Dubose, Robert J Pagano Jr, Shashank Patel, Timothy P Horne and Virginia A Halloran.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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..
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This page (NYSE:WTS) was last updated on 5/27/2024 by MarketBeat.com Staff

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