News coverage about Watts Water Technologies (NYSE:WTS) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Watts Water Technologies earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.2782608017869 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Watts Water Technologies Inc (WTS) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- $362.55 Million in Sales Expected for Watts Water Technologies Inc (WTS) This Quarter (americanbankingnews.com)
- 10% Owner of Watts Water Technologies Inc (NYSE:WTS), Horne Timothy P, sells 10,168 shares worth $782,971 (empowerednews.net)
- Watts Water (WTS) to Grow on Segmental Growth, Higher Volume (finance.yahoo.com)
- Insider Selling: Watts Water Technologies Inc (WTS) Major Shareholder Sells 10,168 Shares of Stock (americanbankingnews.com)
Watts Water Technologies (NYSE:WTS) opened at $80.15 on Wednesday. Watts Water Technologies has a 1 year low of $59.15 and a 1 year high of $84.25. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.39. The company has a market capitalization of $2,732.33, a price-to-earnings ratio of 37.81, a PEG ratio of 1.84 and a beta of 1.14.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.95%. Watts Water Technologies’s dividend payout ratio is presently 35.85%.
Several equities research analysts recently issued reports on the company. Robert W. Baird reiterated a “hold” rating and set a $80.00 price target on shares of Watts Water Technologies in a report on Wednesday, February 14th. Stifel Nicolaus restated a “buy” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Watts Water Technologies in a research note on Wednesday, February 14th. Janney Montgomery Scott upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 14th. TheStreet downgraded Watts Water Technologies from a “b+” rating to a “c+” rating in a research note on Monday, February 12th. Finally, Zacks Investment Research upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Saturday, February 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $80.40.
In other news, insider Munish Nanda sold 6,953 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $75.66, for a total transaction of $526,063.98. Following the transaction, the insider now owns 31,560 shares of the company’s stock, valued at approximately $2,387,829.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Timothy P. Horne sold 10,168 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $77.00, for a total value of $782,936.00. Following the transaction, the insider now directly owns 39,832 shares in the company, valued at approximately $3,067,064. The disclosure for this sale can be found here. Insiders have sold a total of 42,344 shares of company stock worth $3,239,332 in the last ninety days. Insiders own 1.10% of the company’s stock.
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About Watts Water Technologies
Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.
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