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

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

Watts Water Technologies Stock Performance

Shares of Watts Water Technologies stock opened at $224.80 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.13. Watts Water Technologies has a 52 week low of $175.37 and a 52 week high of $232.60. The firm’s 50 day moving average is $207.93 and its two-hundred day moving average is $203.16. The firm has a market capitalization of $7.49 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.39 and a beta of 0.93.

Watts Water Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, February 28th. Watts Water Technologies’s payout ratio is 20.62%.

Analyst Ratings Changes

A number of brokerages have recently commented on WTS. Stifel Nicolaus boosted their price objective on Watts Water Technologies from $202.00 to $218.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Watts Water Technologies in a report on Tuesday, December 17th. They set a “hold” rating and a $240.00 price target for the company. Finally, Northcoast Research raised shares of Watts Water Technologies from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $220.50.

About Watts Water Technologies

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.