Watts Water Technologies (WTS) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Press coverage about Watts Water Technologies (NYSE:WTS) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Watts Water Technologies earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 48.2232810357142 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- $360.01 Million in Sales Expected for Watts Water Technologies, Inc. (NYSE:WTS) This Quarter (americanbankingnews.com)
- Watts Water Technologies, Inc. (NYSE:WTS) Expected to Post Q3 2017 Earnings of $0.78 Per Share (americanbankingnews.com)
- Oppenheimer Holdings Comments on Watts Water Technologies, Inc.’s FY2017 Earnings (WTS) (americanbankingnews.com)
- Watts Water Technologies, Inc. (NYSE:WTS) to Post Q2 2018 Earnings of $0.91 Per Share, Boenning Scattergood Forecasts (americanbankingnews.com)
- Watts Water Technologies, Inc. (NYSE:WTS) to Post Q3 2017 Earnings of $0.78 Per Share, KeyCorp Forecasts (americanbankingnews.com)
Several equities analysts recently issued reports on WTS shares. BidaskClub upgraded Watts Water Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, June 9th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Watts Water Technologies in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $64.50.
Shares of Watts Water Technologies (WTS) traded down 0.23% during trading on Friday, reaching $63.90. The company had a trading volume of 139,845 shares. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 24.96 and a beta of 1.07. The firm has a 50 day moving average price of $63.80 and a 200 day moving average price of $63.07. Watts Water Technologies has a 12 month low of $58.35 and a 12 month high of $71.05.
Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.04. The firm had revenue of $378.50 million during the quarter, compared to the consensus estimate of $379.51 million. Watts Water Technologies had a net margin of 6.27% and a return on equity of 12.84%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. Analysts predict that Watts Water Technologies will post $2.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.76 annualized dividend and a dividend yield of 1.19%. Watts Water Technologies’s dividend payout ratio is presently 29.69%.
In other news, insider Elie Melhem sold 1,281 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $64.42, for a total transaction of $82,522.02. Following the transaction, the insider now directly owns 29,493 shares of the company’s stock, valued at $1,899,939.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.
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.
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