Watts Water Technologies, Inc. (NYSE:WTS) Shares Will Pay Quarterly Dividend of $0.63

Watts Water Technologies, Inc. (NYSE:WTS) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.63 per share by the technology company on Tuesday, December 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 1st.

Watts Water Technologies has increased its dividend 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 25.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Watts Water Technologies to earn $13.95 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 18.1%.

Watts Water Technologies Trading Up 2.1%

NYSE:WTS opened at $354.87 on Tuesday. The firm’s fifty day moving average is $357.16 and its 200-day moving average is $331.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.66. Watts Water Technologies has a 52 week low of $260.00 and a 52 week high of $394.54. The firm has a market cap of $11.85 billion, a P/E ratio of 30.99, a P/E/G ratio of 3.33 and a beta of 1.15.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.32. Watts Water Technologies had a net margin of 14.34% and a return on equity of 19.16%. The company had revenue of $763.20 million during the quarter, compared to analysts’ expectations of $725.99 million. During the same period in the prior year, the company posted $3.09 earnings per share. Watts Water Technologies’s revenue for the quarter was up 18.6% compared to the same quarter last year. Equities analysts expect that Watts Water Technologies will post 12.87 earnings per share for the current year.

About Watts Water Technologies

Watts Water Technologies, Inc designs, manufactures and sells products that manage the safety, efficiency, quality and flow of water in plumbing, heating and cooling systems. Its products serve residential, commercial, industrial and institutional applications, including new construction, renovation and infrastructure projects.

The company’s offerings include backflow prevention and water pressure management equipment, valves, regulators, drainage and plumbing products, water conditioning and filtration systems, water heaters, and solutions for hydronic heating and cooling.