Watts Water Technologies (WTS) Given Daily Coverage Optimism Score of 0.12

Headlines about Watts Water Technologies (NYSE:WTS) have been trending somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Watts Water Technologies earned a news impact score of 0.12 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.4913159303684 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s analysis:

Watts Water Technologies (WTS) opened at $77.15 on Tuesday. Watts Water Technologies has a 52 week low of $59.15 and a 52 week high of $82.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.39 and a quick ratio of 1.60. The company has a market cap of $2,631.05, a P/E ratio of 36.39, a P/E/G ratio of 1.77 and a beta of 1.13.

Watts Water Technologies (NYSE:WTS) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Watts Water Technologies had a net margin of 5.02% and a return on equity of 12.93%. The firm had revenue of $366.30 million during the quarter, compared to analyst estimates of $365.35 million. During the same quarter last year, the business posted $0.64 EPS. The company’s revenue was up 7.1% on a year-over-year basis. analysts forecast that Watts Water Technologies will post 3.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Thursday, March 1st. Watts Water Technologies’s dividend payout ratio is 35.85%.

A number of analysts recently weighed in on the stock. Janney Montgomery Scott upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, February 14th. Stifel Nicolaus restated a “buy” rating and set a $90.00 target price (down from $95.00) on shares of Watts Water Technologies in a report on Wednesday, February 14th. Robert W. Baird restated a “hold” rating and set a $80.00 target price on shares of Watts Water Technologies in a report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a report on Saturday, February 10th. Finally, KeyCorp restated a “hold” rating on shares of Watts Water Technologies in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Watts Water Technologies presently has a consensus rating of “Hold” and an average target price of $78.00.

In related news, CEO Robert J. Pagano, Jr. sold 3,951 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $73.09, for a total value of $288,778.59. Following the completion of the transaction, the chief executive officer now owns 137,474 shares of the company’s stock, valued at approximately $10,047,974.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert J. Pagano, Jr. sold 11,852 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $73.53, for a total transaction of $871,477.56. Following the completion of the transaction, the chief executive officer now directly owns 137,474 shares of the company’s stock, valued at approximately $10,108,463.22. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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Watts Water Technologies Company Profile

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.

Insider Buying and Selling by Quarter for Watts Water Technologies (NYSE:WTS)

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