Watts Water Technologies, Inc. (WTS) To Go Ex-Dividend on September 1st

Watts Water Technologies, Inc. (NYSE:WTS) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.63 per share by the technology company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 1st.

Watts Water Technologies has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Watts Water Technologies has a dividend payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Watts Water Technologies to earn $13.36 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 18.9%.

Watts Water Technologies Price Performance

Shares of WTS opened at $358.05 on Wednesday. The business’s fifty day moving average is $342.22 and its 200 day moving average is $317.77. Watts Water Technologies has a 12-month low of $251.17 and a 12-month high of $394.54. The company has a quick ratio of 1.62, a current ratio of 2.72 and a debt-to-equity ratio of 0.09. The stock has a market cap of $11.96 billion, a P/E ratio of 32.76, a P/E/G ratio of 3.03 and a beta of 1.15.

Watts Water Technologies (NYSE:WTS) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.32. Watts Water Technologies had a net margin of 14.32% and a return on equity of 18.92%. The business had revenue of $677.30 million during the quarter, compared to analyst estimates of $638.13 million. During the same quarter in the previous year, the business posted $2.37 EPS. Watts Water Technologies’s quarterly revenue was up 21.4% on a year-over-year basis. Sell-side analysts anticipate that Watts Water Technologies will post 12.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Watts Water Technologies

In other Watts Water Technologies news, Director Michael J. Dubose sold 398 shares of Watts Water Technologies stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $309.63, for a total transaction of $123,232.74. Following the transaction, the director directly owned 1,814 shares of the company’s stock, valued at $561,668.82. The trade was a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elie Melhem sold 2,257 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $301.00, for a total transaction of $679,357.00. Following the completion of the sale, the insider owned 8,963 shares of the company’s stock, valued at approximately $2,697,863. This represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Watts Water Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wexford Capital LP bought a new position in shares of Watts Water Technologies in the third quarter valued at approximately $26,000. Acumen Wealth Advisors LLC bought a new stake in Watts Water Technologies during the fourth quarter worth $28,000. Advisory Services Network LLC bought a new stake in Watts Water Technologies during the third quarter worth $29,000. Clearstead Advisors LLC boosted its position in Watts Water Technologies by 69.4% in the fourth quarter. Clearstead Advisors LLC now owns 105 shares of the technology company’s stock worth $29,000 after purchasing an additional 43 shares during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in Watts Water Technologies in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 95.02% of the company’s stock.

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.