Watts Water Technologies - WTS Stock Forecast, Price & News

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.
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6 brokerages have issued twelve-month price targets for Watts Water Technologies' stock. Their WTS share price forecasts range from $120.00 to $180.00. On average, they predict the company's share price to reach $147.50 in the next twelve months. This suggests that the stock has a possible downside of 9.9%.
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Watts Water Technologies' stock was trading at $146.23 on January 1st, 2023. Since then, WTS shares have increased by 12.0% and is now trading at $163.76.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our WTS earnings forecast.

Watts Water Technologies, Inc. (NYSE:WTS) released its quarterly earnings data on Wednesday, February, 8th. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. The technology company had revenue of $501.90 million for the quarter, compared to analysts' expectations of $489.21 million. Watts Water Technologies had a trailing twelve-month return on equity of 19.75% and a net margin of 12.70%. Watts Water Technologies's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $1.42 earnings per share.

Watts Water Technologies announced a quarterly dividend on Monday, February 6th. Investors of record on Wednesday, March 1st will be paid a dividend of $0.30 per share on Wednesday, March 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Tuesday, February 28th.
Read our dividend analysis for WTS.

ETFs with the largest weight of Watts Water Technologies (NYSE:WTS) stock in their portfolio include Global X Clean Water ETF (AQWA), iShares MSCI Water Management Multisector ETF (IWTR), Ecofin Global Water ESG Fund (EBLU), iShares Environmental Infrastructure and Industrials ETF (EFRA), First Trust Water ETF (FIW), Invesco S&P Global Water Index ETF (CGW), Invesco Water Resources ETF (PHO) and ProShares Russell 2000 Dividend Growers ETF (SMDV).

Watts Water Technologies (NYSE:WTS) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.75%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTS will have a dividend payout ratio of 16.69% 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 variety of retail and institutional investors. Top institutional investors include Impax Asset Management Group plc (5.86%), Victory Capital Management Inc. (2.08%), Victory Capital Management Inc. (2.08%), Victory Capital Management Inc. (2.08%), Mirova US LLC (1.99%) and Dimensional Fund Advisors LP (1.92%). 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 $163.76.

Watts Water Technologies (NYSE:WTS) has a market capitalization of $5.45 billion and generates $1.98 billion in revenue each year. The technology company earns $251.50 million in net income (profit) each year or $7.48 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.