Watts Water Technologies
While it is more off the radar, this company supplies critical technologies needed in multiple applications. Watts Water Technologies Inc. (NYSE: WTS) products and solutions manage and conserve the flow of fluids and energy into, through and out of buildings in the commercial, industrial and residential markets in the Americas, Europe, the Asia-Pacific and elsewhere.
The company’s residential and commercial flow control and protection products include backflow preventers, water pressure regulators, temperature and pressure relief valves, thermostatic mixing valves and leak detection and protection products for plumbing and hot water applications.
Watts also provides heating, ventilation and air conditioning and gas products, comprising commercial boilers and water heaters and heating solutions; hydronic and electric heating systems for underfloor radiant applications; custom heat and hot water solutions; hydronic pump groups for boiler manufacturers and alternative energy control packages; and flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications.
In addition, the company offers drainage and water reuse products, such as drainage products and engineered rainwater harvesting solutions for commercial, industrial, marine and residential applications. Its water quality products include point-of-use and point-of-entry water filtration, conditioning and scale prevention systems for commercial, marine and residential applications.
The company sells its products to plumbing, heating and mechanical wholesale distributors and dealers, as well as original equipment manufacturers, specialty product distributors, do-it-yourself and retail chains, and wholesalers and private label accounts.
The current dividend yield is 0.75%. The $0.30 per share payout is expected to increase to $0.33. StockNews.com has a Buy rating. Its $175 target price is well above the $166 consensus target. The stock closed at $162.35 on Monday.
These four top companies are expected to lift the dividends they pay to shareholders, and three of the stocks are rated Buy across Wall Street. Not only is increasing dividends and returning capital to investors important, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.
Originally published at 24/7 Wall St.
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