Watts Water Technologies, Inc. (NYSE:WTS) Plans Quarterly Dividend of $0.43

Watts Water Technologies, Inc. (NYSE:WTS) announced a quarterly dividend on Monday, February 3rd, RTT News reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.43 per share by the technology company on Friday, March 14th. This represents a $1.72 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Friday, February 28th.

Watts Water Technologies has raised its dividend payment by an average of 17.8% per year over the last three years and has increased its dividend every year for the last 12 years. Watts Water Technologies has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. 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 $1.72 annual dividend with an expected future payout ratio of 17.6%.

Watts Water Technologies Stock Up 1.2 %

NYSE WTS opened at $215.38 on Wednesday. The business’s fifty day simple moving average is $207.96 and its 200-day simple moving average is $204.66. The company has a quick ratio of 1.65, a current ratio of 2.59 and a debt-to-equity ratio of 0.12. The firm has a market cap of $7.18 billion, a PE ratio of 24.78, a P/E/G ratio of 3.42 and a beta of 0.93. Watts Water Technologies has a 52 week low of $175.37 and a 52 week high of $232.60.

Watts Water Technologies (NYSE:WTS) last issued its earnings results on Monday, February 10th. The technology company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. As a group, equities analysts anticipate that Watts Water Technologies will post 9.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on WTS shares. The Goldman Sachs Group upped their price objective on Watts Water Technologies from $197.00 to $217.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price objective for the company. Finally, Stifel Nicolaus upped their target price on shares of Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Watts Water Technologies currently has an average rating of “Hold” and an average target price of $220.00.

Watts Water Technologies Company Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.