News coverage about Watts Water Technologies (NYSE:WTS) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public 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 assigned news stories about the technology company an impact score of 45.2782608017869 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
WTS has been the subject of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $95.00 target price (up previously from $85.00) on shares of Watts Water Technologies in a research report on Tuesday, January 16th. Janney Montgomery Scott raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, February 14th. TheStreet lowered shares of Watts Water Technologies from a “b+” rating to a “c+” rating in a research note on Monday, February 12th. Zacks Investment Research upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research note on Saturday, February 10th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $80.00 price objective on shares of Watts Water Technologies in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Watts Water Technologies currently has a consensus rating of “Hold” and a consensus price target of $80.40.
WTS stock traded up $0.25 during trading on Thursday, reaching $77.70. 157,222 shares of the stock were exchanged, compared to its average volume of 123,311. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.39 and a quick ratio of 1.60. Watts Water Technologies has a 1 year low of $59.15 and a 1 year high of $84.25. The company has a market capitalization of $2,614.80, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.14.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, March 2nd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, March 1st. Watts Water Technologies’s dividend payout ratio (DPR) is currently 35.85%.
In other Watts Water Technologies news, CFO Todd A. Trapp sold 8,975 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $75.88, for a total transaction of $681,023.00. Following the completion of the transaction, the chief financial officer now owns 26,129 shares in the company, valued at approximately $1,982,668.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Pagano, Jr. sold 16,248 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $76.89, for a total transaction of $1,249,308.72. The disclosure for this sale can be found here. Insiders sold 42,344 shares of company stock valued at $3,239,332 in the last 90 days. Company 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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