Watts Water Technologies (NYSE:WTS) Releases Earnings Results

Watts Water Technologies (NYSE:WTS) posted its quarterly earnings results on Monday. The technology company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.91 by $0.14, Zacks reports. Watts Water Technologies had a return on equity of 18.49% and a net margin of 12.37%. Watts Water Technologies updated its FY 2025 guidance to EPS.

Watts Water Technologies Stock Performance

Shares of WTS stock opened at $224.80 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55. The firm has a market cap of $7.49 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.39 and a beta of 0.93. The firm’s 50 day moving average price is $207.93 and its 200-day moving average price is $203.16. Watts Water Technologies has a one year low of $175.37 and a one year high of $232.60.

Watts Water Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, February 28th. Watts Water Technologies’s dividend payout ratio (DPR) is 20.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WTS shares. Stifel Nicolaus lifted their target price on shares of Watts Water Technologies from $202.00 to $218.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price target on the stock in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Watts Water Technologies in a research report on Tuesday, December 17th. They issued a “hold” rating and a $240.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $220.50.

About Watts Water Technologies

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.