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

Watts Water Technologies, Inc. (NYSE:WTS) announced a quarterly dividend on Monday, May 4th. Shareholders of record on Monday, June 1st will be given a dividend of 0.63 per share by the technology company on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, June 1st.

Watts Water Technologies has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Watts Water Technologies has a payout ratio of 21.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Watts Water Technologies to earn $12.71 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 16.4%.

Watts Water Technologies Trading Down 1.2%

NYSE:WTS opened at $290.22 on Tuesday. The company has a market cap of $9.68 billion, a P/E ratio of 28.54, a P/E/G ratio of 2.67 and a beta of 1.20. The stock’s fifty day moving average price is $303.67 and its two-hundred day moving average price is $292.37. Watts Water Technologies has a 1 year low of $209.85 and a 1 year high of $345.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.51 and a quick ratio of 1.49.

Watts Water Technologies (NYSE:WTS) last released its quarterly earnings results on Wednesday, February 11th. The technology company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.26. The firm had revenue of $625.10 million for the quarter, compared to analysts’ expectations of $610.40 million. Watts Water Technologies had a net margin of 13.98% and a return on equity of 18.55%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.05 earnings per share. As a group, analysts expect that Watts Water Technologies will post 11.62 EPS for the current year.

About Watts Water Technologies

Watts Water Technologies, Inc is a global manufacturer and distributor of flow control products and solutions designed to ensure the safe, efficient delivery and use of water. Founded in 1874 and headquartered in North Andover, Massachusetts, the company has built a reputation for engineering innovation in residential, commercial and industrial plumbing, heating, cooling and water treatment systems. Watts operates through a comprehensive portfolio of brands and product lines that address application-specific requirements in water safety, pressure regulation, flow control and filtration.

The company’s product offerings span backflow preventers, pressure reducing valves, relief valves and steam traps, as well as hydronic balancing and temperature control devices for heating systems.