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NYSE:WTS

Watts Water Technologies (WTS) Stock Price, News & Analysis

$205.09
-1.71 (-0.83%)
(As of 09/20/2024 ET)

About Watts Water Technologies Stock (NYSE:WTS)

Key Stats

Today's Range
$203.92
$208.94
50-Day Range
$178.27
$207.56
52-Week Range
$167.87
$219.52
Volume
516,763 shs
Average Volume
150,169 shs
Market Capitalization
$6.84 billion
P/E Ratio
25.45
Dividend Yield
0.84%
Price Target
$192.00
Consensus Rating
Hold

Company Overview

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. The company offers residential and commercial flow control and protection products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, thermostatic mixing valves, leak detection and protection products, commercial washroom solutions, and emergency safety products and equipment for plumbing and hot water applications. It also provides heating, ventilation, and air conditioning and gas products comprising commercial boilers; water heaters and heating solutions; hydronic and electric heating systems for under-floor radiant applications; custom heat and hot water solutions; hydronic pump groups for boiler manufacturers and alternative energy control packages; and flexible stainless-steel connectors for natural and liquid propane gas in commercial food service and residential applications. In addition, the company offers drainage and water re-use products, such as drainage products, engineered rainwater harvesting solutions for commercial, industrial, marine, and residential applications; connected roof drain systems; and water quality products that include point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems for commercial, marine, and residential applications. The company sells its products to plumbing, heating, and mechanical wholesale distributors and dealers; original equipment manufacturers; specialty product distributors; and do-it-yourself and retail chains, as well as wholesalers and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.

Watts Water Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 77th Percentile

Watts Water Technologies scored higher than 77% of companies evaluated by MarketBeat, and ranked 235th out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Watts Water Technologies has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Watts Water Technologies has only been the subject of 2 research reports in the past 90 days.

  • Read more about Watts Water Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for Watts Water Technologies are expected to grow by 3.21% in the coming year, from $8.71 to $8.99 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Watts Water Technologies is 25.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.19.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Watts Water Technologies is 25.45, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 274.89.

  • Price to Earnings Growth Ratio

    Watts Water Technologies has a PEG Ratio of 2.80. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Watts Water Technologies has a P/B Ratio of 4.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Watts Water Technologies' valuation and earnings.
  • Percentage of Shares Shorted

    3.46% of the float of Watts Water Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Watts Water Technologies has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Watts Water Technologies has recently increased by 12.54%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Watts Water Technologies has a dividend yield of 0.88%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Watts Water Technologies has been increasing its dividend for 12 years.

  • Dividend Coverage

    The dividend payout ratio of Watts Water Technologies is 21.34%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Watts Water Technologies will have a dividend payout ratio of 19.13% next year. This indicates that Watts Water Technologies will be able to sustain or increase its dividend.

  • Read more about Watts Water Technologies' dividend.
  • Percentage of Shares Shorted

    3.46% of the float of Watts Water Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Watts Water Technologies has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Watts Water Technologies has recently increased by 12.54%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Watts Water Technologies has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Watts Water Technologies this week, compared to 5 articles on an average week.
  • Search Interest

    Only 2 people have searched for WTS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Watts Water Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $375,192.00 in company stock.

  • Percentage Held by Insiders

    Only 1.10% of the stock of Watts Water Technologies is held by insiders.

  • Percentage Held by Institutions

    95.02% of the stock of Watts Water Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Watts Water Technologies' insider trading history.
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WTS Stock News Headlines

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WTS Stock Analysis - Frequently Asked Questions

Watts Water Technologies' stock was trading at $208.34 at the beginning of the year. Since then, WTS shares have decreased by 1.6% and is now trading at $205.09.
View the best growth stocks for 2024 here
.

Watts Water Technologies, Inc. (NYSE:WTS) announced its earnings results on Wednesday, August, 7th. The technology company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.33 by $0.13. Watts Water Technologies's revenue was up 12.1% compared to the same quarter last year.

Watts Water Technologies subsidiaries include these companies: PVI, Apex Valves, AERCO International, Tekmar Control Systems, Socla, Austroflex Rohr-Isoliersysteme, Blue Ridge Atlantic Enterprises, and others.

Top institutional investors of Watts Water Technologies include Kayne Anderson Rudnick Investment Management LLC (6.14%), Impax Asset Management Group plc (4.61%), Mirova US LLC (2.14%) and Dimensional Fund Advisors LP (1.76%). Insiders that own company stock include Robert J Pagano Jr, Shashank Patel, Kenneth Robert Lepage, Virginia A Halloran, Elie Melhem, Timothy P Horne, Michael J Dubose and Joseph T Noonan.
View institutional ownership trends
.

Shares of WTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Watts Water Technologies investors own include Weyerhaeuser (WY), AES (AES), Pfizer (PFE), QUALCOMM (QCOM), Simon Property Group (SPG), TJX Companies (TJX) and Tesla (TSLA).

Company Calendar

Last Earnings
8/07/2024
Ex-Dividend for 9/13 Dividend
8/30/2024
Dividend Payable
9/13/2024
Today
9/20/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous fabricated metal products
Sub-Industry
Industrial Machinery
CUSIP
94274910
Employees
5,100
Year Founded
1874

Price Target and Rating

Average Stock Price Target
$192.00
High Stock Price Target
$202.00
Low Stock Price Target
$175.00
Potential Upside/Downside
-7.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$262.10 million
Pretax Margin
16.67%

Debt

Sales & Book Value

Annual Sales
$2.06 billion
Cash Flow
$10.21 per share
Book Value
$45.44 per share

Miscellaneous

Free Float
33,004,000
Market Cap
$6.90 billion
Optionable
Optionable
Beta
0.89

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This page (NYSE:WTS) was last updated on 9/20/2024 by MarketBeat.com Staff
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