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About Watts Water Technologies (NYSE:WTS)
Watts Water Technologies, Inc. designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves. The company also provides heating, ventilation, and air conditioning and gas products comprising 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, it offers drainage and water re-use products consisting of drainage products and engineered rain water harvesting solutions for commercial, industrial, marine, and residential applications; and water quality products, such as point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems for commercial 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 (DIY) chains; and directly to wholesalers and private label accounts. It operates in the Americas, Europe, the Middle East and Africa, and the Asia-Pacific. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.
Industry, Sector and Symbol
Industry Miscellaneous fabricated metal products
Sub-IndustryIndustrial Machinery
SectorComputer and Technology
SymbolNYSE:WTS
CUSIP94274910
Phone978-688-1811
Debt
Debt-to-Equity Ratio0.50
Current Ratio2.40
Quick Ratio1.47
Price-To-Earnings
Trailing P/E Ratio25.75
Forward P/E Ratio21.13
P/E Growth1.76
Sales & Book Value
Annual Sales$1.46 billion
Price / Sales1.82
Cash Flow$4.5952 per share
Price / Cash16.92
Book Value$24.31 per share
Price / Book3.20
Profitability
EPS (Most Recent Fiscal Year)$3.02
Net Income$73.10 million
Net Margins5.35%
Return on Equity13.26%
Return on Assets6.41%
Miscellaneous
Employees4,800
Outstanding Shares34,150,000
Watts Water Technologies (NYSE:WTS) Frequently Asked Questions
What is Watts Water Technologies' stock symbol?
Watts Water Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "WTS."
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, May 7th. Shareholders of record on Friday, June 1st will be given a dividend of $0.21 per share on Friday, June 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 31st. This is a boost from Watts Water Technologies's previous quarterly dividend of $0.19. View Watts Water Technologies' Dividend History.
How were Watts Water Technologies' earnings last quarter?
Watts Water Technologies (NYSE:WTS) released its quarterly earnings data on Thursday, May, 3rd. The technology company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.03. The technology company had revenue of $378.50 million for the quarter, compared to analysts' expectations of $365.01 million. Watts Water Technologies had a net margin of 5.35% and a return on equity of 13.26%. Watts Water Technologies's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. View Watts Water Technologies' Earnings History.
When is Watts Water Technologies' next earnings date?
What price target have analysts set for WTS?
9 Wall Street analysts have issued 1 year target prices for Watts Water Technologies' shares. Their forecasts range from $58.00 to $90.00. On average, they anticipate Watts Water Technologies' share price to reach $79.50 in the next twelve months. View Analyst Ratings for Watts Water Technologies.
Who are some of Watts Water Technologies' key competitors?
Some companies that are related to Watts Water Technologies include Crane (CR), Barnes Group (B), Mueller Water Products (MWA), Sun Hydraulics (SNHY), CIRCOR International (CIR), ZK International Group (ZKIN), Arc Wireless Solutions (ARCW), Hebron Technology (HEBT), Highway (HIHO), NF Energy Saving (NFEC) and Shengkai Innovations, Inc. Common Stock (VALV).
Who are Watts Water Technologies' key executives?
Watts Water Technologies' management team includes the folowing people:
- Mr. Robert J. Pagano Jr., CEO, Pres & Director (Age 55)
- Mr. Kenneth R. Lepage, Exec. VP, Gen. Counsel & Sec. (Age 47)
- Mr. Elie A. Melhem, Pres of Asia-Pacific, the Middle East & Africa (Age 55)
- Mr. Munish Nanda, Pres of Americas & Europe (Age 53)
- Ms. Virginia A. Halloran, Chief Accounting Officer (Age 38)
Has Watts Water Technologies been receiving favorable news coverage?
Media stories about WTS stock have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Watts Water Technologies earned a media sentiment score of 0.11 on Accern's scale. They also gave media coverage about the technology company an impact score of 45.92 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Watts Water Technologies' major shareholders?
Watts Water Technologies' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.21%), BOVILL USA INC. (6.30%), Gamco Investors INC. ET AL (3.65%), Dimensional Fund Advisors LP (2.98%), Northern Trust Corp (2.79%) and Victory Capital Management Inc. (2.53%). Company insiders that own Watts Water Technologies stock include Elie Melhem, Joseph T Noonan, Kenneth Robert Lepage, Munish Nanda, Richard J Cathcart, Robert J Pagano Jr, Timothy P Horne and Todd A Trapp. View Institutional Ownership Trends for Watts Water Technologies.
Which institutional investors are selling Watts Water Technologies stock?
WTS stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Wedge Capital Management L L P NC, Gamco Investors INC. ET AL, Victory Capital Management Inc., State of Wisconsin Investment Board, Zurcher Kantonalbank Zurich Cantonalbank, Segall Bryant & Hamill LLC and Denver Investment Advisors LLC. Company insiders that have sold Watts Water Technologies company stock in the last year include Elie Melhem, Munish Nanda, Robert J Pagano Jr, Timothy P Horne and Todd A Trapp. View Insider Buying and Selling for Watts Water Technologies.
Which institutional investors are buying Watts Water Technologies stock?
WTS stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., American Century Companies Inc., Wells Fargo & Company MN, Hsbc Holdings PLC, Ostrum Asset Management, Russell Investments Group Ltd. and Great Lakes Advisors LLC. View Insider Buying and Selling for Watts Water Technologies.
How do I buy shares of Watts Water Technologies?
Shares of WTS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Watts Water Technologies' stock price today?
One share of WTS stock can currently be purchased for approximately $77.75.
How big of a company is Watts Water Technologies?
Watts Water Technologies has a market capitalization of $2.64 billion and generates $1.46 billion in revenue each year. The technology company earns $73.10 million in net income (profit) each year or $3.02 on an earnings per share basis. Watts Water Technologies employs 4,800 workers across the globe.
How can I contact Watts Water Technologies?
Watts Water Technologies' mailing address is 815 CHESTNUT ST, NORTH ANDOVER MA, 01845. The technology company can be reached via phone at 978-688-1811 or via email at [email protected]
MarketBeat Community Rating for Watts Water Technologies (WTS)
MarketBeat's community ratings are surveys of what our community members think about Watts Water Technologies and other stocks. Vote "Outperform" if you believe WTS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WTS will underperform the S&P 500 over the long term. You may vote once every thirty days.
Watts Water Technologies (NYSE:WTS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Watts Water Technologies in the last 12 months. Their average twelve-month price target is $79.50, suggesting that the stock has a possible upside of 2.25%. The high price target for WTS is $90.00 and the low price target for WTS is $58.00. There are currently 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.33 | 2.33 | 2.40 | 2.33 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $79.50 | $79.50 | $76.80 | $71.60 |
| Price Target Upside: | 2.25% upside | 2.27% downside | 1.05% upside | 0.90% downside |
Watts Water Technologies (NYSE:WTS) Consensus Price Target History
Watts Water Technologies (NYSE:WTS) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Watts Water Technologies (NYSE:WTS) Dividend Information
Watts Water Technologies pays an annual dividend of $0.76 per share, with a dividend yield of 0.98%. WTS's next quarterly dividend payment will be made on Friday, June 15. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of 8.90% each year. Watts Water Technologies pays out 25.17% of its earnings out as a dividend.
| Next Dividend: | 6/15/2018 |
| Annual Dividend: | $0.76 |
| Dividend Yield: | 0.98% |
| Dividend Growth: | 8.90% (3 Year Average) |
| Payout Ratio(s): | 25.17% (Trailing 12 Months of Earnings)
20.65% (Based on This Year's Estimates)
18.91% (Based on Next Year's Estimates)
16.54% (Based on Cash Flow)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Watts Water Technologies (NYSE:WTS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/7/2018 | quarterly | $0.21 | 1.12% | 5/31/2018 | 6/1/2018 | 6/15/2018 |
| 2/8/2018 | quarterly | $0.19 | 0.98% | 3/1/2018 | 3/2/2018 | 3/16/2018 |
| 10/30/2017 | quarterly | $0.19 | 1.13% | 11/30/2017 | 12/1/2017 | 12/15/2017 |
| 8/2/2017 | quarterly | $0.19 | 1.18% | 8/30/2017 | 9/1/2017 | 9/15/2017 |
| 5/9/2017 | quarterly | $0.19 | 1.19% | 5/31/2017 | 6/2/2017 | 6/16/2017 |
| 2/8/2017 | quarterly | $0.18 | 1.09% | 2/28/2017 | 3/2/2017 | 3/16/2017 |
| 11/1/2016 | quarterly | $0.18 | 1.21% | 11/30/2016 | 12/2/2016 | 12/16/2016 |
| 8/4/2016 | quarterly | $0.18 | 1.15% | 8/31/2016 | 9/2/2016 | 9/16/2016 |
| 5/10/2016 | quarterly | $0.18 | 1.28% | 5/31/2016 | 6/2/2016 | 6/16/2016 |
| 2/11/2016 | quarterly | $0.17 | 1.36% | 2/29/2016 | 3/2/2016 | 3/16/2016 |
| 10/27/2015 | quarterly | $0.17 | 1.14% | 11/25/2015 | 11/30/2015 | 12/11/2015 |
| 7/29/2015 | special | $0.17 | 1.22% | 8/13/2015 | 8/17/2015 | 8/28/2015 |
| 4/29/2015 | quarterly | $0.17 | 1.25% | 5/14/2015 | 5/18/2015 | 5/29/2015 |
| 2/12/2015 | quarterly | $0.15 | 1% | 2/26/2015 | 3/2/2015 | 3/13/2015 |
| 10/28/2014 | quarterly | $0.15 | 0.98% | 11/20/2014 | 11/24/2014 | 12/5/2014 |
| 7/29/2014 | quarterly | $0.15 | 1% | 8/14/2014 | 8/18/2014 | 8/29/2014 |
| 4/29/2014 | quarterly | $0.15 | 1.13% | 5/15/2014 | 5/19/2014 | 5/30/2014 |
| 2/18/2014 | quarterly | $0.13 | 0.87% | 2/26/2014 | 2/28/2014 | 3/14/2014 |
| 10/29/2013 | quarterly | $0.13 | 0.9% | 11/14/2013 | 11/18/2013 | 11/29/2013 |
| 7/30/2013 | quarterly | $0.13 | 0.99% | 8/15/2013 | 8/19/2013 | 8/30/2013 |
| 4/30/2013 | quarterly | $0.13 | 1.18% | 5/16/2013 | 5/20/2013 | 5/31/2013 |
| 2/19/2013 | quarterly | $0.11 | 0.96% | 2/27/2013 | 3/1/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Watts Water Technologies (NYSE WTS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.10%
Institutional Ownership Percentage: 76.30%
Watts Water Technologies (NYSE WTS) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/16/2018 | Elie Melhem | Insider | Sell | 3,449 | $77.11 | $265,952.39 | 27,519 |  |
| 3/8/2018 | Timothy P Horne | Major Shareholder | Sell | 10,168 | $77.00 | $782,936.00 | 39,832 | |
| 2/21/2018 | Robert J Pagano Jr | Insider | Sell | 16,248 | $76.89 | $1,249,308.72 | | |
| 2/15/2018 | Munish Nanda | Insider | Sell | 6,953 | $75.66 | $526,063.98 | 31,560 | |
| 2/15/2018 | Todd A Trapp | CFO | Sell | 8,975 | $75.88 | $681,023.00 | 26,129 | |
| 12/11/2017 | Robert J Pagano Jr | CEO | Sell | 3,951 | $73.09 | $288,778.59 | 137,474 | |
| 12/8/2017 | Robert J Pagano Jr | CEO | Sell | 11,852 | $73.53 | $871,477.56 | 137,474 | |
| 11/16/2017 | Elie Melhem | Insider | Sell | 2,545 | $70.48 | $179,371.60 | | |
| 8/25/2017 | Elie Melhem | Insider | Sell | 3,306 | $62.11 | $205,335.66 | 32,128 | |
| 6/9/2017 | Elie Melhem | Insider | Sell | 1,281 | $64.42 | $82,522.02 | 29,493 | |
| 3/13/2017 | Elie Melhem | Insider | Sell | 1,000 | $61.75 | $61,750.00 | 30,039 | |
| 3/2/2017 | Kenneth Robert Lepage | General Counsel | Sell | 10,147 | $65.00 | $659,555.00 | 39,102 | |
| 11/14/2016 | Richard J Cathcart | Director | Sell | 1,000 | $68.47 | $68,470.00 | 18,032 | |
| 11/11/2016 | Elie Melhem | Insider | Sell | 6,143 | $67.78 | $416,372.54 | 32,464 | |
| 8/17/2016 | Kenneth Robert Lepage | General Counsel | Sell | 31,362 | $64.53 | $2,023,789.86 | 75,727 | |
| 8/9/2016 | Elie Melhem | Insider | Sell | 5,192 | $62.44 | $324,188.48 | 32,656 | |
| 6/21/2016 | Kenneth Robert Lepage | General Counsel | Sell | 14,406 | $60.00 | $864,360.00 | 65,976 | |
| 6/20/2016 | Kenneth Robert Lepage | General Counsel | Sell | 594 | $60.00 | $35,640.00 | 52,164 | |
| 6/8/2016 | Kenneth Robert Lepage | General Counsel | Sell | 15,000 | $59.00 | $885,000.00 | 66,570 | |
| 6/6/2016 | Kenneth Robert Lepage | General Counsel | Sell | 10,000 | $58.00 | $580,000.00 | 61,570 | |
| 6/6/2016 | Timothy P Horne | Major Shareholder | Sell | 25,000 | $57.50 | $1,437,500.00 | 6,781 | |
| 6/1/2016 | Timothy P Horne | Major Shareholder | Sell | 25,000 | $57.14 | $1,428,500.00 | 25,000 | |
| 5/31/2016 | Joseph T Noonan | Director | Sell | 3,922 | $57.45 | $225,318.90 | 5,000 | |
| 5/17/2016 | Elie Melhem | Insider | Sell | 1,238 | $55.91 | $69,216.58 | 25,373 | |
| 3/1/2016 | Elie Melhem | Insider | Sell | 1,000 | $52.09 | $52,090.00 | 26,611 | |
| 2/19/2016 | John K Mcgillicuddy | Director | Sell | 1,000 | $53.47 | $53,470.00 | 17,542 | |
| 11/25/2015 | Timothy P Horne | Major Shareholder | Sell | 16,347 | $56.00 | $915,432.00 | 50,000 | |
| 11/24/2015 | Timothy P Horne | Major Shareholder | Sell | 21,100 | $55.50 | $1,171,050.00 | 66,347 | |
| 11/23/2015 | Timothy P. Horne | major shareholder | Sell | 3,900 | $55.64 | $216,996.00 | 87,447 | |
| 11/16/2015 | Elie Melhem | Insider | Sell | 1,200 | $53.70 | $64,440.00 | 23,735 | |
| 11/6/2015 | Timothy P. Horne | major shareholder | Sell | 8,653 | $56.50 | $488,894.50 | 91,347 | |
| 9/3/2015 | Elie Melhem | insider | Sell | 1,212 | $53.73 | $65,120.76 | 24,935 | |
| 8/14/2015 | Timothy P Horne | Major Shareholder | Sell | 5,000 | $57.36 | $286,800.00 | | |
| 5/20/2015 | John K Mcgillicuddy | Director | Sell | 1,000 | $55.29 | $55,290.00 | | |
| 3/5/2015 | Elie Melhem | Insider | Sell | 1,600 | $54.48 | $87,168.00 | | |
| 9/2/2014 | Kenneth Robert Lepage | General Counsel | Sell | 6,000 | $64.00 | $384,000.00 | | |
| 8/5/2014 | Elie Melhem | Insider | Sell | 5,625 | $57.38 | $322,762.50 | | |
| 2/26/2014 | Kenneth Robert Lepage | General Counsel | Sell | 4,000 | $61.00 | $244,000.00 | 42,845 | |
| 2/26/2014 | Timothy Horne | major shareholder | Sell | 11,294 | $61.17 | $690,853.98 | | |
| 2/25/2014 | Timothy Horne | major shareholder | Sell | 19,926 | $60.50 | $1,205,523.00 | 11,294 | |
| 11/6/2013 | Joseph Noonan | Director | Sell | 15,000 | $58.15 | $872,250.00 | 1,643 | |
| 8/23/2013 | Timothy Horne | major shareholder | Sell | 53,170 | $54.04 | $2,873,306.80 | 31,220 | |
| 8/9/2013 | Timothy Macphee | CAO | Sell | 8,750 | $53.30 | $466,375.00 | 15,393 | |
| 8/8/2013 | Elie Melhem | Insider | Sell | 1,817 | $53.22 | $96,700.74 | 12,212 | |
| 8/5/2013 | Elie Melhem | Insider | Sell | 8,113 | $53.79 | $436,398.27 | 14,029 | |
| 8/5/2013 | John K Mcgillicuddy | Director | Sell | 1,967 | $54.40 | $107,004.80 | | |
| 8/1/2013 | Kenneth Robert Lepage | General Counsel | Sell | 3,000 | $54.00 | $162,000.00 | | |
| 7/19/2013 | Kenneth Robert Lepage | General Counsel | Sell | 4,894 | $52.00 | $254,488.00 | | |
| 5/24/2013 | J Dennis Cawte | Director | Sell | 12,499 | $46.73 | $584,078.27 | | |
| 5/16/2013 | J Dennis Cawte | Director | Sell | 24,711 | $46.95 | $1,160,181.45 | | |
| 5/15/2013 | John K Mcgillicuddy | Director | Sell | 1,127 | $48.23 | $54,355.21 | | |
| 8/22/2012 | Timothy P Horne | Major Shareholder | Sell | 80,200 | $38.10 | $3,055,620.00 | | |
| 8/9/2012 | William C Mccartney | CFO | Sell | 4,930 | $37.60 | $185,368.00 | | |
(Data available from 1/1/2013 forward)
Watts Water Technologies (NYSE WTS) News Headlines
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Watts Water Technologies (NYSE:WTS) SEC Filings
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Watts Water Technologies (NYSE:WTS) Income Statement, Balance Sheet and Cash Flow Statement
Watts Water Technologies (NYSE WTS) Stock Chart for Wednesday, May, 23, 2018
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