Q2 2022 Earnings Estimate for Watts Water Technologies, Inc. (NYSE:WTS) Issued By Seaport Res Ptn

Watts Water Technologies, Inc. (NYSE:WTSGet Rating) – Equities research analysts at Seaport Res Ptn upped their Q2 2022 earnings per share (EPS) estimates for Watts Water Technologies in a note issued to investors on Monday, May 9th. Seaport Res Ptn analyst W. Liptak now anticipates that the technology company will earn $1.66 per share for the quarter, up from their previous estimate of $1.58. Seaport Res Ptn currently has a “Neutral” rating on the stock. Seaport Res Ptn also issued estimates for Watts Water Technologies’ Q4 2022 earnings at $1.30 EPS.

Watts Water Technologies (NYSE:WTSGet Rating) last announced its earnings results on Tuesday, May 3rd. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.26. Watts Water Technologies had a net margin of 9.60% and a return on equity of 17.41%. The business had revenue of $463.20 million for the quarter, compared to the consensus estimate of $442.80 million. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus reduced their target price on shares of Watts Water Technologies from $148.00 to $141.00 in a research note on Thursday, May 5th. StockNews.com started coverage on shares of Watts Water Technologies in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. The Goldman Sachs Group reduced their price target on shares of Watts Water Technologies from $165.00 to $147.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 13th. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of Watts Water Technologies in a research note on Wednesday, May 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $144.00.

Shares of WTS opened at $131.28 on Thursday. Watts Water Technologies has a twelve month low of $124.20 and a twelve month high of $212.00. The company has a market cap of $4.41 billion, a P/E ratio of 24.91, a P/E/G ratio of 2.68 and a beta of 0.98. The company has a current ratio of 2.27, a quick ratio of 1.28 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $137.29 and its 200-day simple moving average is $164.71.

A number of institutional investors have recently modified their holdings of WTS. Signaturefd LLC grew its holdings in Watts Water Technologies by 688.2% during the 4th quarter. Signaturefd LLC now owns 134 shares of the technology company’s stock worth $26,000 after acquiring an additional 117 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Watts Water Technologies by 80.4% in the 1st quarter. Covestor Ltd now owns 184 shares of the technology company’s stock valued at $26,000 after buying an additional 82 shares in the last quarter. UMB Bank N A MO bought a new stake in shares of Watts Water Technologies in the 4th quarter valued at about $29,000. Trust Co. of Vermont bought a new stake in shares of Watts Water Technologies in the 4th quarter valued at about $32,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Watts Water Technologies in the 3rd quarter valued at about $42,000. Institutional investors own 75.11% of the company’s stock.

In other Watts Water Technologies news, insider Elie Melhem sold 3,800 shares of the stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $129.54, for a total transaction of $492,252.00. Following the transaction, the insider now directly owns 12,303 shares in the company, valued at approximately $1,593,730.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.91%. The ex-dividend date is Tuesday, May 31st. This is an increase from Watts Water Technologies’s previous quarterly dividend of $0.26. Watts Water Technologies’s dividend payout ratio (DPR) is currently 19.73%.

Watts Water Technologies Company Profile (Get Rating)

Watts Water Technologies, Inc designs, manufactures, and sells products, solution, and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the commercial and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

See Also

Earnings History and Estimates for Watts Water Technologies (NYSE:WTS)

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