Watts Water Technologies, Inc. (WTS) to Issue Quarterly Dividend of $0.63 on June 15th

Watts Water Technologies, Inc. (NYSE:WTS) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Monday, June 1st will be given a dividend of 0.63 per share by the technology company on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 1st.

Watts Water Technologies has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 13 years. Watts Water Technologies has a payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Watts Water Technologies to earn $13.13 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 19.2%.

Watts Water Technologies Trading Down 0.8%

NYSE:WTS opened at $308.62 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.72 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $298.47 and its two-hundred day moving average is $295.57. Watts Water Technologies has a 52 week low of $237.15 and a 52 week high of $345.17. The company has a market cap of $10.30 billion, a PE ratio of 28.24, a P/E/G ratio of 2.76 and a beta of 1.20.

Watts Water Technologies (NYSE:WTS) last released its earnings results on Wednesday, May 6th. The technology company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.32. Watts Water Technologies had a return on equity of 18.92% and a net margin of 14.32%.The company had revenue of $677.30 million for the quarter, compared to the consensus estimate of $638.13 million. During the same quarter last year, the business posted $2.37 EPS. Watts Water Technologies’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, analysts predict that Watts Water Technologies will post 11.9 EPS for the current year.

About Watts Water Technologies

Watts Water Technologies, Inc is a global manufacturer and distributor of flow control products and solutions designed to ensure the safe, efficient delivery and use of water. Founded in 1874 and headquartered in North Andover, Massachusetts, the company has built a reputation for engineering innovation in residential, commercial and industrial plumbing, heating, cooling and water treatment systems. Watts operates through a comprehensive portfolio of brands and product lines that address application-specific requirements in water safety, pressure regulation, flow control and filtration.

The company’s product offerings span backflow preventers, pressure reducing valves, relief valves and steam traps, as well as hydronic balancing and temperature control devices for heating systems.