Watts Water Technologies, Inc. (WTS) To Go Ex-Dividend on February 27th

Watts Water Technologies, Inc. (NYSE:WTS) declared a monthly dividend on Monday, February 9th. Investors of record on Friday, February 27th will be given a dividend of 0.52 per share by the technology company on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th.

Watts Water Technologies has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 13 years. Watts Water Technologies has a dividend payout ratio of 21.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Watts Water Technologies to earn $9.80 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 21.2%.

Watts Water Technologies Trading Up 2.0%

Shares of WTS opened at $330.33 on Wednesday. The business’s 50-day moving average price is $299.29 and its 200 day moving average price is $284.37. The company has a current ratio of 2.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $11.02 billion, a P/E ratio of 32.48, a P/E/G ratio of 2.95 and a beta of 1.24. Watts Water Technologies has a 1-year low of $177.59 and a 1-year high of $345.17.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.26. The company had revenue of $625.10 million during the quarter, compared to analyst estimates of $610.40 million. Watts Water Technologies had a net margin of 13.98% and a return on equity of 18.55%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 earnings per share. Analysts expect that Watts Water Technologies will post 9.08 earnings per share for the current year.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc is a global manufacturer and distributor of flow control products and solutions designed to ensure the safe, efficient delivery and use of water. Founded in 1874 and headquartered in North Andover, Massachusetts, the company has built a reputation for engineering innovation in residential, commercial and industrial plumbing, heating, cooling and water treatment systems. Watts operates through a comprehensive portfolio of brands and product lines that address application-specific requirements in water safety, pressure regulation, flow control and filtration.

The company’s product offerings span backflow preventers, pressure reducing valves, relief valves and steam traps, as well as hydronic balancing and temperature control devices for heating systems.