Watts Water Technologies reported Q2 EPS of $2.46, exceeding estimates, and raised FY 2024 guidance, but faced downgrades and insider selling.

Watts Water Technologies (NYSE:WTS) reported Q2 earnings of $2.46 EPS, exceeding the consensus estimate by $0.13. Revenue was $597.30 million, higher than expected. The company updated its FY 2024 guidance for EPS and declared a $0.43 quarterly dividend with a yield of 0.94%. However, several analysts have downgraded their ratings on the company and insider selling has occurred recently.

August 10, 2024
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