Key Developments: Watts Water Technologies Inc (WTS)
47.18USD
17 May 2013
$0.27 (+0.58%)
$46.91
$47.00
$47.32
$46.64
176,374
192,453
$50.04
$30.88
Latest Key Developments (Source: Significant Developments)
Watts Water Technologies Inc Declares Quarterly Dividend
Watts Water Technologies Inc announced that it has declared a quarterly dividend of $0.13 per share on each outstanding share of the Company`s Class A Common Stock and Class B Common Stock, said dividend to be paid on May 31, 2013 to stockholders of record at the close of business on May 20, 2013. Full Article
Watts Water Technologies Inc Declares Quarterly Dividend
Watts Water Technologies Inc announced that it has declared a quarterly dividend of $0.11 per share on the Company's Class A Common Stock and Class B Common Stock, said dividend to be paid on March 15, 2013 to stockholders of record at the close of business on March 1, 2013. Full Article
Watts Water Technologies Inc Announces Sale of Flomatic Corp To Boshart Industries Inc
Watts Water Technologies Inc announced that it has completed the sale of all of the outstanding shares of its subsidiary, Flomatic Corporation, to Boshart Industries Inc. in a cash transaction. The sale excludes the backflow product line of Flomatic, which has been retained by Watts Water. Watts Water acquired Flomatic as part of its acquisition of Danfoss Socla S.A.S. and certain related businesses in April 2011. The transaction will not have a material impact on Watts Water`s results of operations. Full Article
Watts Water Technologies Inc Declares Quarterly Dividend
Watts Water Technologies Inc announced that it has declared a quarterly dividend of $0.11 per share on the Company’s Class A Common Stock and Class B Common Stock payable on November 30, 2012 to stockholders of record at the close of business on November 19, 2012. Full Article
Watts Water Technologies Inc Announces Appointment of New Chief Financial Officer
Watts Water Technologies Inc announced that Dean P. Freeman has been appointed Executive Vice President and Chief Financial Officer of the Company, effective as of November 12, 2012. William C. McCartney, who announced his retirement earlier this year, will continue in the role of Chief Financial Officer until November 12th to oversee the preparation and filing of the Company’s Quarterly Report on Form 10-Q for the third quarter and to assist Mr. Freeman in preparing for the transition to Chief Financial Officer of Company. Full Article
Watts Water Technologies, Inc. Declares Quarterly Dividend
Watts Water Technologies, Inc. announced that it declared a quarterly dividend of $0.11 per share on the Company’s Class A Common Stock and Class B Common Stock payable on August 31, 2012 to stockholders of record at the close of business on August 20, 2012. Full Article
Watts Water Technologies, Inc. Announces Retirement Of William C. McCartney As Chief Financial Officer
Watts Water Technologies, Inc. announced that William C. McCartney, the Company`s Chief Financial Officer, has decided to retire. The Company is commencing a search for a successor to Mr. McCartney. The Company expects to enter into a retention agreement with Mr. McCartney pursuant to which Mr. McCartney will remain in the position of Chief Financial Officer until a successor is named and will remain with the Company until December 2012 to assist with the transition process. Full Article
Watts Water Technologies, Inc. Announces Stock Repurchase Program
Watts Water Technologies, Inc. announced that its Board of Directors has authorized the repurchase of up to 2,000,000 shares of the Company's Class A Common Stock from time to time on the open market or in privately negotiated transactions. The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with its stock plans and for other corporate purposes. The repurchase program will be funded using the Company's available cash. As of April 1, 2012, the Company had cash, cash equivalents and investment securities of approximately $235 million. As of April 30, 2012, Watts Water Technologies, Inc. had an aggregate of 36,718,584 shares of common stock outstanding, consisting of 29,764,904 shares of Class A Common Stock and 6,953,680 shares of Class B Common Stock. Full Article
Watts Water Technologies, Inc. Declares Quarterly Dividend
Watts Water Technologies, Inc. announced that it has declared a quarterly dividend of $0.11 per share on the Company’s Class A Common Stock and Class B Common Stock payable on June 1, 2012 to stockholders of record at the close of business on May 21, 2012. Full Article
Watts Water Technologies, Inc. Issues Q1 2012 Guidance; Earnings Guidance Below Analysts' Estimates
Watts Water Technologies, Inc. announced that for first quarter of 2012, it expects sales to be approximately $364 million, net income on a GAAP basis to be in a range from $15.0-$16.0 million, or from $0.40-$0.43 per diluted share (EPS). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $370 million, EPS $0.59 and net income of $22 million for first quarter of 2012. Full Article
Earnings vs. 
Estimates
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