Watts Water Technologies (NYSE:WTS) Posts Earnings Results, Beats Expectations By $0.14 EPS

Watts Water Technologies (NYSE:WTS) posted its quarterly earnings results on Monday. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.14, Zacks reports. Watts Water Technologies had a net margin of 12.37% and a return on equity of 18.49%. Watts Water Technologies updated its FY 2025 guidance to EPS.

Watts Water Technologies Stock Up 1.8 %

Shares of Watts Water Technologies stock opened at $208.80 on Tuesday. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 3.39 and a beta of 0.93. Watts Water Technologies has a twelve month low of $175.37 and a twelve month high of $222.70. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $208.05 and its 200-day simple moving average is $203.11.

Watts Water Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 0.82%. Watts Water Technologies’s payout ratio is currently 20.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Watts Water Technologies in a research note on Tuesday, December 17th. They issued a “hold” rating and a $240.00 target price on the stock. Northcoast Research raised Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a report on Monday, November 4th. Finally, Stifel Nicolaus boosted their price target on Watts Water Technologies from $202.00 to $218.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Watts Water Technologies presently has an average rating of “Hold” and an average target price 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.