NYSE:WTS

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

$171.46

-1.36 (-0.79%)

(As of 05:07 PM ET)

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Today's Range: $170.76
▼
$173.60
50-Day Range: $171.80
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$191.99
52-Week Range: $121.25
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$192.93

Volume: 112,288 shs
Average Volume: 116,484 shs
Market Capitalization: $5.72 billion

P/E Ratio: 21.46
Dividend Yield: 0.84%
Price Target: $178.20

Watts Water Technologies MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 4.1% Upside
$178.20 Price Target
Short Interest: Healthy
1.81% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -2.21
Upright™ Environmental Score
News Sentiment: 0.74
Based on 6 Articles This Week
Insider Trading: Selling Shares
$2.22 M Sold Last Quarter
Proj. Earnings Growth: 2.96%
From $7.78 to $8.01 Per Share

Overall MarketRank^™

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

2.10 out of 5 stars

Computer And Technology Sector

382nd out of 611 stocks

Miscellaneous Fabricated Metal Products Industry

6th out of 7 stocks

1.0

Analyst's Opinion

Consensus Rating
Watts Water Technologies has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $178.20, Watts Water Technologies has a forecasted upside of 4.1% from its current price of $171.20.
Amount of Analyst Coverage
Watts Water Technologies has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.81% of the float of Watts Water Technologies has been sold short.
Short Interest Ratio / Days to Cover
Watts Water Technologies has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Watts Water Technologies has recently decreased by 0.12%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Watts Water Technologies has a dividend yield of 0.83%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Watts Water Technologies has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Watts Water Technologies is 18.02%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Watts Water Technologies will have a dividend payout ratio of 17.98% next year. This indicates that Watts Water Technologies will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Watts Water Technologies has received a 36.85% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Valves for water pipes", "Floor drains", and "Underfloor heating systems for homes" products. See details.
Environmental Sustainability
The Environmental Impact score for Watts Water Technologies is -2.21.

3.7

News and Social Media Coverage

News Sentiment
Watts Water Technologies has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Watts Water Technologies this week, compared to 4 articles on an average week.
Search Interest
3 people have searched for WTS on MarketBeat in the last 30 days.
MarketBeat Follows
89 people have added Watts Water Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 8,800% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Watts Water Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,215,316.00 in company stock.
Percentage Held by Insiders
Only 1.10% of the stock of Watts Water Technologies is held by insiders.
Percentage Held by Institutions
75.06% of the stock of Watts Water Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Watts Water Technologies are expected to grow by 2.96% in the coming year, from $7.78 to $8.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Watts Water Technologies is 21.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Watts Water Technologies is 21.43, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 237.56.
Price to Earnings Growth Ratio
Watts Water Technologies has a PEG Ratio of 2.96. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Watts Water Technologies has a P/B Ratio of 4.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Watts Water Technologies (NYSE:WTS) Stock

Watts Water Technologies, Inc. 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, and leak detection and protection products for plumbing and hot water applications. It also provides heating, ventilation, and air conditioning and gas products comprising commercial boilers, and 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 and engineered rain water harvesting solutions for commercial, industrial, marine, and residential applications; 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, as well as original equipment manufacturers, specialty product distributors, and do-it-yourself and retail chains; and wholesalers and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.

WTS Price History

30 days | 90 days | 365 days | Advanced Chart

WTS Stock News Headlines

September 28, 2023 | benzinga.com

Watts Water Technologies, Inc. Named One of "America's Greenest Companies 2024" by Newsweek

September 28, 2023 | finance.yahoo.com

Watts Water Technologies, Inc. Named One of "America’s Greenest Companies 2024" by Newsweek

October 2, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

September 28, 2023 | businesswire.com

Watts Water Technologies, Inc. Named One of “America’s Greenest Companies 2024” by Newsweek

September 28, 2023 | finance.yahoo.com

Watts Water (WTS) Jumps 18.9% YTD: Will the Uptrend Continue?

September 14, 2023 | finance.yahoo.com

Down -5.74% in 4 Weeks, Here's Why You Should You Buy the Dip in Watts Water (WTS)

September 14, 2023 | finance.yahoo.com

Here's Why Watts Water (WTS) Is a Great 'Buy the Bottom' Stock Now

September 8, 2023 | finance.yahoo.com

Buyer of 500-employee Menomonee Falls manufacturer committed to local jobs

October 2, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

September 5, 2023 | finance.yahoo.com

Family-owned Milwaukee-area manufacturer fetches $303M in sale to East Coast firm

September 1, 2023 | finance.yahoo.com

Watts Water (WTS) Up 0.5% Since Last Earnings Report: Can It Continue?

September 1, 2023 | markets.businessinsider.com

Watts Water Technologies (WTS) Receives a Hold from Robert W. Baird

August 31, 2023 | msn.com

Watts Water Technologies: Interesting Bradley Deal To Drive Growth

August 31, 2023 | msn.com

Watts Water Technologies Acquires Bradley, Expects EBITDA Margin Accretion By 2027

August 31, 2023 | finance.yahoo.com

Watts Water (WTS) to Acquire Bradley Corporation for $303M

August 31, 2023 | markets.businessinsider.com

Watts Water Technologies To Acquire Bradley Corp. For $303 Mln

August 30, 2023 | marketwatch.com

Watts Water Technologies to Acquire Bradley for $303M

August 30, 2023 | seekingalpha.com

Watts Water Technologies to acquire Bradley Corp for $303M

August 30, 2023 | finance.yahoo.com

Watts Water Technologies Inc. to Acquire Bradley Corporation

August 24, 2023 | finance.yahoo.com

Watts Water (WTS) Upgraded to Strong Buy: What Does It Mean for the Stock?

August 17, 2023 | msn.com

Watts Water (WTS) Surges 28.2% YTD: Will the Uptrend Continue?

August 14, 2023 | finance.yahoo.com

Badger Meter (BMI) Stock Gains 53% YTD: Will the Uptrend Last?

August 10, 2023 | finance.yahoo.com

Sonos (SONO) Q3 Earnings Fall Y/Y, 2023 Guidance Updated

August 10, 2023 | seekingalpha.com

Watts Water Technologies, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 4, 2023 | msn.com

Goldman Sachs Maintains Watts Water Technologies, Inc. - (WTS) Neutral Recommendation

August 4, 2023 | finance.yahoo.com

Q2 2023 Watts Water Technologies Inc Earnings Call

August 3, 2023 | finanznachrichten.de

Watts Water Technologies, Inc: Watts Water Technologies Reports Record Second Quarter 2023 Results

See More Headlines

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WTS Company Calendar

Last Earnings: 8/02/2023
Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Miscellaneous fabricated metal products
Sub-Industry: Industrial Machinery
Sector: Computer and Technology
Current Symbol: NYSE:WTS
CUSIP: 94274910
CIK: 795403
Web: www.watts.com
Phone: (978) 688-1811
Fax: 978-794-1848
Employees: 4,600
Year Founded: 1874

Price Target and Rating

Average Stock Price Forecast: $178.20
High Stock Price Forecast: $189.00
Low Stock Price Forecast: $165.00
Forecasted Upside/Downside: +4.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.99
Trailing P/E Ratio: 21.43
Forward P/E Ratio: 22.01
P/E Growth: 2.96
Net Income: $251.50 million
Net Margins: 13.43%
Pretax Margin: 16.43%
Return on Equity: 19.48%
Return on Assets: 13.14%

Debt

Debt-to-Equity Ratio: 0.07
Current Ratio: 2.53
Quick Ratio: 1.49

Sales & Book Value

Annual Sales: $1.98 billion
Price / Sales: 2.88
Cash Flow: $8.32 per share
Price / Cash Flow: 20.57
Book Value: $39.09 per share
Price / Book: 4.38

Miscellaneous

Outstanding Shares: 33,340,000
Free Float: 32,973,000
Market Cap: $5.71 billion
Optionable: Optionable
Beta: 1.04

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Key Executives

Mr. Robert J. Pagano Jr. (Age 60)
C.M.A., C.P.A., Chairman, Pres & CEO
Comp: $3.1M

Mr. Shashank Patel (Age 62)
Chief Financial Officer
Comp: $1.19M

Mr. Andre Dhawan (Age 60)
Chief Operating Officer
Comp: $680.03k

Mr. Kenneth R. Lepage (Age 52)
Gen. Counsel, Chief Sustainability Officer & Sec.
Comp: $982.99k

Mr. Elie A. Melhem (Age 60)
Pres of Asia-Pacific, The Middle East & Africa
Comp: $1.15M

Ms. Virginia A. Halloran (Age 43)
Chief Accounting Officer

Ms. Diane M. McClintock CPA (Age 55)
Sr. VP of FP&A and Investor Relations

Mr. Ram Ramakrishnan
Exec. VP of Strategy & Bus. Devel.

Ms. Monica Barry (Age 51)
Chief HR Officer

Mr. James F. Dagley
Pres of Heating & Hot Water Solutions

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WTS Stock - Frequently Asked Questions

Should I buy or sell Watts Water Technologies stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watts Water Technologies in the last year. 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.
View WTS analyst ratings or view top-rated stocks.
What is Watts Water Technologies' stock price forecast for 2023?: 5 brokerages have issued 1 year price objectives for Watts Water Technologies' stock. Their WTS share price forecasts range from $165.00 to $189.00. On average, they expect the company's share price to reach $178.20 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price.
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 on January 1st, 2023. Since then, WTS stock has increased by 17.1% and is now trading at $171.20.
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, November 1st 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, August, 2nd. The technology company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.29. The technology company earned $532.80 million during the quarter, compared to analyst estimates of $529.93 million. Watts Water Technologies had a trailing twelve-month return on equity of 19.48% and a net margin of 13.43%.
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 Monday, July 31st. Shareholders of record on Friday, September 1st will be given a dividend of $0.36 per share on Friday, September 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for WTS.
What ETFs hold Watts Water Technologies' stock?: 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).
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 0.83%. 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 18.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTS will have a dividend payout ratio of 17.98% 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 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.96 billion-$2.04 billion, compared to the consensus revenue estimate of $1.99 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).
What is Watts Water Technologies' stock symbol?: Watts Water Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "WTS."
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 $171.20.
How much money does Watts Water Technologies make?: Watts Water Technologies (NYSE:WTS) has a market capitalization of $5.71 billion and generates $1.98 billion in revenue each year. The technology company earns $251.50 million in net income (profit) each year or $7.99 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..
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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 10/2/2023 by MarketBeat.com Staff

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