Watts Water Technologies - WTS Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Watts Water Technologies in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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6 analysts have issued 12-month target prices for Watts Water Technologies' shares. Their WTS share price forecasts range from $120.00 to $155.00. On average, they predict the company's stock price to reach $134.00 in the next year. This suggests that the stock has a possible downside of 14.1%.
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Watts Water Technologies' stock was trading at $194.17 at the start of the year. Since then, WTS shares have decreased by 19.6% and is now trading at $156.06.
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Watts Water Technologies saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 745,600 shares, an increase of 17.0% from the September 30th total of 637,100 shares. Based on an average daily trading volume, of 122,900 shares, the days-to-cover ratio is presently 6.1 days. Approximately 2.8% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our WTS earnings forecast.

Watts Water Technologies, Inc. (NYSE:WTS) issued its earnings results on Wednesday, November, 3rd. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.09. The technology company had revenue of $455 million for the quarter, compared to analyst estimates of $433.53 million. Watts Water Technologies had a trailing twelve-month return on equity of 19.81% and a net margin of 11.43%. During the same period in the prior year, the business earned $1.05 earnings per share.

Watts Water Technologies declared a quarterly dividend on Tuesday, November 1st. Investors of record on Thursday, December 1st will be paid a dividend of $0.30 per share on Thursday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Wednesday, November 30th.
Read our dividend analysis for WTS.

Watts Water Technologies (NYSE:WTS) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.77%. 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 18.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTS will have a dividend payout ratio of 17.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WTS.

Watts Water Technologies updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.94 billion-$1.95 billion, compared to the consensus revenue estimate of $1.95 billion.

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. (11.79%), Vanguard Group Inc. (8.66%), Kayne Anderson Rudnick Investment Management LLC (6.37%), Impax Asset Management Group plc (5.72%), State Street Corp (2.62%) and Mirova US LLC (1.93%). 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 $156.06.

Watts Water Technologies (NYSE:WTS) has a market capitalization of $5.20 billion and generates $1.81 billion in revenue each year. The technology company earns $165.70 million in net income (profit) each year or $6.61 on an earnings per share basis.

The company employs 4,597 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.