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NYSE:WTS

Watts Water Technologies - WTS Stock Forecast, Price & News

$143.99
-1.04 (-0.72%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$142.42
$145.11
50-Day Range
$116.92
$146.98
52-Week Range
$116.31
$212.00
Volume
197,694 shs
Average Volume
218,803 shs
Market Capitalization
$4.82 billion
P/E Ratio
23.11
Dividend Yield
0.83%
Price Target
$129.25

Watts Water Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.2% Downside
$129.25 Price Target
Short Interest
Healthy
2.15% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.21
Upright™ Environmental Score
News Sentiment
0.99mentions of Watts Water Technologies in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$492,252 Sold Last Quarter
Proj. Earnings Growth
2.25%
From $6.23 to $6.37 Per Share

Overall MarketRank

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

2.06 out of 5 stars

Computer And Technology Sector

423rd out of 644 stocks

Miscellaneous Fabricated Metal Products Industry

7th out of 7 stocks

WTS stock logo

About Watts Water Technologies (NYSE:WTS) Stock

Watts Water Technologies, Inc. designs, manufactures, and sells products, solution, and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the commercial and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves. It also provides heating, ventilation, and air conditioning and gas products, such as boilers, water heaters, custom heat, and hot water 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 comprising 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 and residential applications. Further, it provides smart mixing system under the IntelliStation name. The company sells its products to plumbing, heating, and mechanical wholesale distributors and dealers, as well as original equipment manufacturers, specialty product distributors, do-it-yourself chains, and retail chains; and directly to wholesalers and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Cowen decreased their price objective on shares of Watts Water Technologies from $130.00 to $120.00 in a research report on Tuesday, June 28th. Boenning Scattergood reissued a "neutral" rating on shares of Watts Water Technologies in a research note on Wednesday, May 4th. Cowen cut their target price on shares of Watts Water Technologies from $130.00 to $120.00 in a research note on Tuesday, June 28th. Northcoast Research initiated coverage on shares of Watts Water Technologies in a research note on Friday, July 15th. They issued a "neutral" rating for the company. Finally, The Goldman Sachs Group cut their target price on shares of Watts Water Technologies from $165.00 to $147.00 and set a "neutral" rating for the company in a research note on Wednesday, April 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $129.25.

Watts Water Technologies Price Performance

WTS Stock traded down $1.04 during trading on Tuesday, hitting $143.99. The stock had a trading volume of 197,694 shares, compared to its average volume of 218,803. Watts Water Technologies has a 1-year low of $116.31 and a 1-year high of $212.00. The company's 50 day moving average price is $128.68 and its two-hundred day moving average price is $136.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.27 and a current ratio of 2.30. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98.

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, August 31st. Watts Water Technologies's dividend payout ratio is currently 19.26%.

Insider Activity

In other news, insider Elie Melhem sold 3,800 shares of the company's stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $129.54, for a total transaction of $492,252.00. Following the completion of the transaction, the insider now owns 12,303 shares of the company's stock, valued at approximately $1,593,730.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.

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WTS Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Today
8/09/2022
Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Miscellaneous fabricated metal products
Sub-Industry
Industrial Machinery
CUSIP
94274910
Employees
4,597
Year Founded
1874

Price Target and Rating

Average Stock Price Forecast
$129.25
High Stock Price Forecast
$147.00
Low Stock Price Forecast
$120.00
Forecasted Upside/Downside
-10.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$165.70 million
Pretax Margin
15.04%

Debt

Sales & Book Value

Annual Sales
$1.81 billion
Cash Flow
$7.00 per share
Book Value
$34.91 per share

Miscellaneous

Free Float
33,117,000
Market Cap
$4.82 billion
Optionable
Optionable
Beta
0.98

Social Links















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 twelve months. 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 2022?

5 Wall Street analysts have issued 1 year target prices for Watts Water Technologies' stock. Their WTS share price forecasts range from $120.00 to $147.00. On average, they anticipate the company's share price to reach $129.25 in the next twelve months. This suggests that the stock has a possible downside of 9.9%.
View analysts price targets for WTS
or view top-rated stocks among Wall Street analysts.

How has Watts Water Technologies' stock performed in 2022?

Watts Water Technologies' stock was trading at $194.17 at the beginning of 2022. Since then, WTS stock has decreased by 26.1% and is now trading at $143.43.
View the best growth stocks for 2022 here
.

When is Watts Water Technologies' next earnings date?

Watts Water Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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, November, 3rd. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.30 by $0.09. The technology company earned $455 million during the quarter, compared to the consensus estimate of $433.53 million. Watts Water Technologies had a net margin of 10.98% and a trailing twelve-month return on equity of 18.95%. During the same period in the prior year, the firm posted $1.05 EPS.

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, August 1st. Investors of record on Thursday, September 1st will be given a dividend of $0.30 per share on Thursday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for WTS
.

Is Watts Water Technologies a good dividend stock?

Watts Water Technologies (NYSE:WTS) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.84%. 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 19.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTS will have a dividend payout ratio of 18.84% 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 updated its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.88 billion-$1.94 billion, compared to the consensus revenue estimate of $1.88 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."

Who are Watts Water Technologies' major shareholders?

Watts Water Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include Mirova US LLC (1.94%), Victory Capital Management Inc. (1.69%), Vaughan Nelson Investment Management L.P. (0.82%), KBC Group NV (0.71%), Boston Trust Walden Corp (0.68%) and Lazard Asset Management LLC (0.56%). 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.
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 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 $143.43.

How much money does Watts Water Technologies make?

Watts Water Technologies (NYSE:WTS) has a market capitalization of $4.80 billion and generates $1.81 billion in revenue each year. The technology company earns $165.70 million in net income (profit) each year or $6.23 on an earnings per share basis.

How many employees does Watts Water Technologies have?

Watts Water Technologies employs 4,597 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..
Read More

When was Watts Water Technologies founded?

Watts Water Technologies was founded in 1874.

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 8/9/2022 by MarketBeat.com Staff

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