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TheStreet Wire

Watts Water Stock To Go Ex-dividend Tomorrow (WTS)

By TheStreet Wire 02/15/12 - 08:50 AM EST

Find out if (WTS) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- The ex-dividend date for Watts Water Technologies (NYSE:WTS) is tomorrow, February 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $39.74 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Watts Water has been 291,400 shares per day over the past 30 days. Watts Water has a market cap of $1.09 billion and is part of the industrial goods sector and industrial industry. Shares are up 16.2% year to date as of the close of trading on Tuesday.

Watts Water Technologies, Inc. designs, manufactures, and sells water safety and flow control products for the water quality, water conservation, water safety, and water flow control markets in North America, Europe, and China. The company has a P/E ratio of 25.4, above the average industrial industry P/E ratio of 23 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Watts Water as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Watts Water Ratings Report.

See our dividend calendar or top-yielding stocks list.

For more information on Watts Water Technologies Inc. click any of the following:

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