Watts Water Technologies (WTS) Earns News Impact Score of 0.12
Headlines about Watts Water Technologies (NYSE:WTS) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Watts Water Technologies earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.4913159303684 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Watts Water Technologies to Participate in Seaport Global Transports & Industrials Conference (finance.yahoo.com)
- Why Watts Water Technologies (WTS) Stock Might be a Great Pick (finance.yahoo.com)
- Why Is Watts Water (WTS) Up 6% Since Its Last Earnings Report? (finance.yahoo.com)
- Watts Water Technologies Inc (WTS) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- $362.55 Million in Sales Expected for Watts Water Technologies Inc (WTS) This Quarter (americanbankingnews.com)
Watts Water Technologies (NYSE:WTS) traded up $0.30 during trading on Wednesday, hitting $80.45. The company had a trading volume of 82,188 shares, compared to its average volume of 144,844. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.39 and a quick ratio of 1.60. The stock has a market cap of $2,750.00, a P/E ratio of 45.45, a P/E/G ratio of 1.84 and a beta of 1.14. Watts Water Technologies has a 52 week low of $59.15 and a 52 week high of $84.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.76 annualized dividend and a yield of 0.94%. Watts Water Technologies’s dividend payout ratio (DPR) is presently 42.94%.
WTS has been the subject of a number of recent research reports. Robert W. Baird reissued a “hold” rating and issued a $80.00 target price on shares of Watts Water Technologies in a research note on Wednesday, February 14th. Zacks Investment Research upgraded Watts Water Technologies from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Monday, January 22nd. Janney Montgomery Scott upgraded Watts Water Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, February 14th. Northcoast Research set a $90.00 price target on Watts Water Technologies and gave the company a “buy” rating in a report on Friday, January 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $95.00 price target (up previously from $85.00) on shares of Watts Water Technologies in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $80.40.
In other news, insider Munish Nanda sold 6,953 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $75.66, for a total transaction of $526,063.98. Following the transaction, the insider now directly owns 31,560 shares of the company’s stock, valued at approximately $2,387,829.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Timothy P. Horne sold 10,168 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $77.00, for a total value of $782,936.00. Following the transaction, the insider now directly owns 39,832 shares in the company, valued at $3,067,064. The disclosure for this sale can be found here. Insiders sold a total of 42,344 shares of company stock worth $3,239,332 over the last ninety days. 1.10% of the stock is currently owned by insiders.
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Watts Water Technologies Company Profile
Watts Water Technologies, Inc is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co, is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it.
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