NYSE: WTS Watts, Water Technologies KeyCorp, increased its projections for the profits per share that Watts Water Technologies will bring in during FY2023, as stated in a research report that was published on Wednesday, February 8.
An analyst who works for KeyCorp named J. Hammond has revised his earlier forecast of the earnings per share of the technology company to $7.05, an increase from his previous projection of $6.95.
The most recent estimates suggest that Watts Water Technologies will bring in an average profit of $6.69 per share for the full year.
This compares to the previous estimates that suggested the company would bring in $5.89 per share.
In addition, according to KeyCorp’s projections, Watts Water Technologies will bring in revenue of $7.50 per share during the fiscal year 2024.
Numerous other equity analysts have published articles on various topics regarding the company.
In a report published on January 10, Deutsche Bank Aktiengesellschaft lowered their price target on Watts Water Technologies shares from $155.00 to $150.00 and downgraded the company from a “buy” rating to a “hold” rating.
These actions were taken in response to the company’s disappointing financial performance.
They explained their choice by stating that it was derived from their situation evaluation. Goldman Sachs Group moved its rating on Watts Water Technologies from “neutral” to “buy” and increased its price target for the stock to $151.00 in a research report published on Friday. Watts Water Technologies was categorized as a “hold” investment by Stifel Nicolaus in a report issued on Friday, January 20. Stifel Nicolaus raised their price target on the company from $145.00 to $146.00 and published the report.
In a report released on Friday, Robert W.
Baird moved Watts Water Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $144,000.00 to $180,000.00.
Both of these changes were made in response to an increase in the company’s share price. On January 6, StockNews.com downgraded Watts Water Technologies from a “strong-buy” rating to a, ultimately changing the rating.
This ultimately led to the rating being changed. Only one of the eight equity research experts has given the stock a buy rating, while seven have given it the recommendation to hold the stock.
Bloomberg reports that the average rating for the company is “Hold” and that the current consensus target price is $147.50.
NYSE: WTS was first available for trading on Monday with an opening price of $175.94. Over the past year, the share price of Watts Water Technologies has ranged from a low of $116.31 to a high of $181.02 at various points.
The market capitalization of the company is currently sitting at $5.86 billion.
It has a price-to-earnings-growth ratio of 3.31, a price-to-earnings ratio of 23.52, and a beta value of 1.03.
The company is relevant for each of these metrics.
The company’s moving average over the past 50 days is $154.39, and the moving average over the past 200 days is, in turn, $145.511.
The company reached a 52-week high of $181.02 over the previous year.
The company’s market capitalization is currently valued at $5.86 billion.
It has a price-to-earnings-growth ratio of 3.31, a price-to-earnings ratio of 23.52, and a beta value of 1.03.
The company is relevant for each of these metrics.
The company’s moving average over the past 50 days is $154.39, and the moving average over the past 200 days is, correspondingly, $145.51.
These three ratios should be considered reasonable: a current ratio of 2.51, a quick ratio of 1.36, and a debt-to-equity ratio of 0.11.
The most recent earnings report for Watts Water Technologies (NYSE: WTS) was published and made available to the public on February 8.
The information technology company’s quarterly earnings per share came in at $1.60, which was $0.06 higher than the consensus expectation of $1.54 analysts had set.
The revenue for the quarter came in significantly higher than the $489.21 million that analysts had anticipated, coming in at a total of $501.9 million instead.
It can be seen that Watts Water Technologies did quite well, as evidenced by its respectable net margin of 12.70% and 19.75% return on equity. One technology company’s quarterly earnings per share came in at $1.60, which was $0.06 higher than the consensus expectation of $1.54.
The revenue for the quarter came in significantly higher than the $489.21 million that analysts had anticipated, coming in at a total of $501.9 million instead.
It can be seen that Watts Water Technologies did quite well, as evidenced by its respectable net margin of 12.70% and 19.75% return on equity. Compared to the same quarter in the previous year, the increase in revenue was 5.9% higher than expected.
The corporation generated $1.42 per share during the same period the year before.
Recently, institutional investors and hedge funds have altered how they hold positions in the company in response to recent market events. $27,000 was spent by Belpointe Asset Management LLC during the fourth quarter on the acquisition of an additional holding in Watts Water Technologies.
The value of Covestor Ltd’s holdings in Watts Water Technologies increased by 80.4% during the first three months of the year. Covestor Ltd now owns a total of 184 shares of the technology company’s stock, which are now valued at $26,000.
This was made possible due to acquiring an additional 82 shares during the preceding quarter. SeaCrest Wealth Management LLC invested in Watts Water Technologies during the second quarter in the amount of $25,000 by purchasing a number of company stock shares.
During the second quarter, Janiczek Wealth Management LLC saw an increase of 1,981.8% in the percentage of ownership it holds in Watts Water Technologies.
As a result of the purchase of an additional 218 shares during the most recent fiscal quarter, Janiczek Wealth Management LLC now holds a total of 229 shares of the technology company’s stock, which has a value of $32,000.
These shares were acquired to bring the firm’s total holdings to a total of 229 shares. Castle Wealth Management LLC increased its stake in Watts Water Technologies by purchasing additional company shares at the end of the second quarter by making a new investment of $30,000.
Institutional investors control the company’s shares to 74.8 percent.
In addition, the company just recently announced a quarterly dividend scheduled to be paid out on March 15. Shareholders whose records were up to date as of March 1 will each receive a dividend payment of $0.30 per share.
This payment will be made to shareholders who own shares.
This equates to an annual dividend payment of $1.20 and a yield of 0.68 percent when expressed annually. On February 28, a decision will be made regarding whether or not this dividend will be distributed to shareholders. Currently, the payout ratio for Watts Water Technologies stands at 16.04 percent.
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