Watts Water Technologies, Inc. (NYSE:WTS) Declares Quarterly Dividend of $0.43

Watts Water Technologies, Inc. (NYSE:WTS - Get Free Report) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.43 per share by the technology company on Friday, March 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, February 28th.

Watts Water Technologies has raised its dividend by an average of 17.8% per year over the last three years and has raised its dividend every year for the last 12 years. Watts Water Technologies has a payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Watts Water Technologies to earn $8.98 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 19.2%.

Watts Water Technologies Stock Down 0.4 %

WTS traded down $0.88 during trading on Friday, hitting $206.24. The stock had a trading volume of 27,269 shares, compared to its average volume of 147,128. The stock has a 50 day simple moving average of $208.26 and a two-hundred day simple moving average of $202.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.55 and a current ratio of 2.55. Watts Water Technologies has a twelve month low of $175.37 and a twelve month high of $222.70. The company has a market capitalization of $6.87 billion, a PE ratio of 24.78, a PEG ratio of 3.38 and a beta of 0.93.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed 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. Stifel Nicolaus boosted their price target on Watts Water Technologies from $202.00 to $218.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Finally, Northcoast Research raised shares of Watts Water Technologies from a "neutral" rating to a "buy" rating and set a $225.00 price objective for the company in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Watts Water Technologies presently has an average rating of "Hold" and an average price target of $220.50.

Watts Water Technologies Company Profile

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.