Watts Water Technologies (NYSE:WTS) is set to announce earnings results, with analysts expecting revenue growth of 2.6% year on year to $612.9 million and adjusted earnings of $2.63 per share. The company beat revenue expectations last quarter and has a history of exceeding Wall Street estimates. Peers in the industrial machinery segment, like Xylem and Mueller Water Products, have also reported positive results. Investors in the segment have seen share prices rise, with Watts Water Technologies up 4.7%. The company is heading into earnings with an average analyst price target of $249.20.

Read more at StockStory: Watts Water Technologies (WTS) Reports Earnings Tomorrow: What To Expect