Watts Water Technologies, Inc. designs, manufactures, and sells products and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the commercial and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves. It also provides heating, ventilation, and air conditioning and gas products, such as boilers, water heaters, and heating solution; hydronic and electric heating systems for under-floor 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 re-use products comprising drainage products and engineered rain water harvesting solutions for commercial, industrial, marine, and residential applications; and water quality products that include point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems for commercial and residential applications. Further, it provides smart mixing system under the IntelliStation name; thermostat with home automation voice recognition capabilities under the Invita name; and platinum boiler under the AERCO Benchmark name. 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 chains, and retail chains; and directly to wholesalers and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.
IPO Year: 1986
Exchange: NYSE
Website: watts.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/4/2024 | $225.00 | Neutral → Buy | Northcoast |
| 1/11/2023 | $155.00 → $150.00 | Buy → Hold | Deutsche Bank |
| 8/18/2022 | $192.00 | Buy | Deutsche Bank |
| 7/15/2022 | Neutral | Northcoast | |
| 11/5/2021 | $153.00 → $191.00 | Neutral | Goldman Sachs |
| 8/6/2021 | $136.00 → $153.00 | Neutral | Goldman Sachs |
10-Q - WATTS WATER TECHNOLOGIES INC (0000795403) (Filer)
8-K - WATTS WATER TECHNOLOGIES INC (0000795403) (Filer)
8-K - WATTS WATER TECHNOLOGIES INC (0000795403) (Filer)
10-Q - WATTS WATER TECHNOLOGIES INC (0000795403) (Filer)
8-K - WATTS WATER TECHNOLOGIES INC (0000795403) (Filer)
8-K - WATTS WATER TECHNOLOGIES INC (0000795403) (Filer)
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8-K - WATTS WATER TECHNOLOGIES INC (0000795403) (Filer)
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10-Q - WATTS WATER TECHNOLOGIES INC (0000795403) (Filer)
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4 - WATTS WATER TECHNOLOGIES INC (0000795403) (Issuer)
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4 - WATTS WATER TECHNOLOGIES INC (0000795403) (Issuer)
4 - WATTS WATER TECHNOLOGIES INC (0000795403) (Issuer)
4 - WATTS WATER TECHNOLOGIES INC (0000795403) (Issuer)
Watts Water Technologies, Inc. (NYSE:WTS) today announced that Robert J. Pagano, Jr., Chief Executive Officer & President; Shashank Patel, Chief Financial Officer; and Diane McClintock, Senior Vice President FP&A and Investor Relations will participate in the NYSE Industrials Virtual Conference on Tuesday, November 19, 2024, at 10:00 AM Eastern Time. Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions to control the efficiency, safety
Watts Water Technologies, Inc. (NYSE:WTS) – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced Chief Financial Officer Shashank Patel has communicated his intention to retire on March 15, 2025 for personal reasons, after having served in this role since July 2018. Patel will continue as CFO until a successor is named to ensure a smooth transition. The Company has initiated a comprehensive search to identify a successor, which will include both internal and external candidates. Chief Executive Officer and President Robert J. Pagano Jr. commented, "On behalf of the Board of Directors
Reported sales of $544 million increased 8%; organic sales down 4% Reported operating margin of 17.1%, down 20 bps; adjusted operating margin of 17.1%, down 90 bps Reported EPS of $2.06, up 5%; adjusted EPS of $2.03, compared to $2.04 in prior year Raising midpoint of full-year 2024 operating margin outlook Announced upcoming retirement of Shashank Patel, Chief Financial Officer Note changes in performance are relative to third quarter 2023 Watts Water Technologies, Inc. (NYSE:WTS) – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced results for the third quarter of
Watts Water Technologies, Inc. (NYSE:WTS) today announced that Robert J. Pagano, Jr., Chief Executive Officer & President; Shashank Patel, Chief Financial Officer; Andre Dhawan, Chief Operating Officer; and Diane McClintock, Senior Vice President FP&A and Investor Relations will participate in and present at the 2024 Baird Global Industrial Conference on Wednesday, November 13, 2024, at 8:30 AM Central Time at the Ritz-Carlton Chicago at Water Tower Place, 160 East Pearson Street, Chicago, Illinois. Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product
Watts Water Technologies, Inc. (NYSE:WTS) today declared that the Corporation will pay a quarterly dividend of forty-three cents ($0.43) 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 December 13, 2024 to stockholders of record at the close of business on November 29, 2024. Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions for commercial, residential, an
Watts Water Technologies, Inc. (NYSE:WTS) will hold a live webcast of its conference call to discuss Third Quarter 2024 results on Thursday, October 31, 2024, at 9:00 a.m. Eastern Standard Time. Watts Water Technologies, Inc. will announce its financial results for this period in a press release to be issued after market close on Wednesday, October 30, 2024. This call can be accessed by visiting the Investor Relations section of the Company's website at www.watts.com. Following the webcast, an archived version of the call will be available at the same address until October 30, 2025. Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in
Watts Water Technologies, Inc. (NYSE:WTS), a leading global manufacturer of plumbing, heating, and water quality solutions, has been named one of America's Greenest Companies by Newsweek magazine and is recognized among the Top 300 companies in the U.S., based on environmental sustainability. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241003209401/en/(Graphic: Business Wire) The rankings are derived from research and analysis of public data of organizations in the U.S. that meet the minimum standards set by the European Union, widely regarded as the most advanced set of sustainable standards globally. The companies were evalu
Watts Water Technologies, Inc. (NYSE:WTS) today announced that Shashank Patel, Chief Financial Officer; Andre Dhawan, Chief Operating Officer; and Diane McClintock, Senior Vice President FP&A and Investor Relations will participate in the Stifel London Industrials Summit on Thursday, September 5, 2024 at 8:00 a.m. (BST) at the Stifel London Office, 150 Cheapside, London EC2V 6ET, United Kingdom. Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quali
Watts Water Technologies, Inc. (NYSE:WTS) today announced that Robert J. Pagano, Jr., Chief Executive Officer & President; Shashank Patel, Chief Financial Officer; and Diane McClintock, Senior Vice President FP&A and Investor Relations will participate in the 2024 Seaport Research Partners Annual Summer Investor Virtual Conference on Wednesday, August 21, 2024 at 8:00 a.m. (Eastern Time). Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solu
Reported sales of $597 million increased 12%; organic sales were flat Reported operating margin of 18.7%, down 10 bps; adjusted operating margin of 18.8%, down 70 bps Reported EPS of $2.44, up 8%; adjusted EPS of $2.46, up 5% Amended and extended existing credit facility, effective July 12, 2024 Maintaining full-year 2024 outlook Note changes in performance are relative to second quarter 2023 Watts Water Technologies, Inc. (NYSE:WTS) – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced results for the second quarter of 2024. Chief Executive Officer Robert J.
Reported sales of $544 million increased 8%; organic sales down 4% Reported operating margin of 17.1%, down 20 bps; adjusted operating margin of 17.1%, down 90 bps Reported EPS of $2.06, up 5%; adjusted EPS of $2.03, compared to $2.04 in prior year Raising midpoint of full-year 2024 operating margin outlook Announced upcoming retirement of Shashank Patel, Chief Financial Officer Note changes in performance are relative to third quarter 2023 Watts Water Technologies, Inc. (NYSE:WTS) – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced results for the third quarter of
Watts Water Technologies, Inc. (NYSE:WTS) today declared that the Corporation will pay a quarterly dividend of forty-three cents ($0.43) 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 December 13, 2024 to stockholders of record at the close of business on November 29, 2024. Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions for commercial, residential, an
Watts Water Technologies, Inc. (NYSE:WTS) will hold a live webcast of its conference call to discuss Third Quarter 2024 results on Thursday, October 31, 2024, at 9:00 a.m. Eastern Standard Time. Watts Water Technologies, Inc. will announce its financial results for this period in a press release to be issued after market close on Wednesday, October 30, 2024. This call can be accessed by visiting the Investor Relations section of the Company's website at www.watts.com. Following the webcast, an archived version of the call will be available at the same address until October 30, 2025. Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in
Reported sales of $597 million increased 12%; organic sales were flat Reported operating margin of 18.7%, down 10 bps; adjusted operating margin of 18.8%, down 70 bps Reported EPS of $2.44, up 8%; adjusted EPS of $2.46, up 5% Amended and extended existing credit facility, effective July 12, 2024 Maintaining full-year 2024 outlook Note changes in performance are relative to second quarter 2023 Watts Water Technologies, Inc. (NYSE:WTS) – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced results for the second quarter of 2024. Chief Executive Officer Robert J.
Watts Water Technologies, Inc. (NYSE:WTS) today declared that the Corporation will pay a quarterly dividend of forty-three cents ($0.43) 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 September 13, 2024 to stockholders of record at the close of business on August 30, 2024. Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions to control the efficiency, safe
Watts Water Technologies, Inc. (NYSE:WTS) will hold a live webcast of its conference call to discuss Second Quarter 2024 results on Thursday, August 8, 2024, at 9:00 a.m. Eastern Daylight Time. Watts Water Technologies, Inc. will announce its financial results for this period in a press release to be issued after market close on Wednesday, August 7, 2024. This call can be accessed by visiting the Investor Relations section of the Company's website at www.watts.com. Following the webcast, an archived version of the call will be available at the same address until August 7, 2025. Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the
Reported sales of $571 million increased 21%; organic sales increased 6% including ~7% due to extra shipping days Reported operating margin of 16.9%, down 110 bps; adjusted operating margin of 18.2%, up 30 bps Reported EPS of $2.17, up 12%; adjusted EPS of $2.33, up 21% Announced 19% increase in quarterly dividend payments Increasing full-year 2024 sales and margin outlook Note changes in performance are relative to first quarter 2023 Watts Water Technologies, Inc., (NYSE:WTS) – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced results for the first quarter of 202
Watts Water Technologies, Inc. (NYSE:WTS) today declared that the Corporation will pay a quarterly dividend of forty-three cents ($0.43) 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 June 14, 2024 to stockholders of record at the close of business on May 31, 2024. Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions to control the efficiency, safety, and
Watts Water Technologies, Inc. (NYSE:WTS) will hold a live webcast of its conference call to discuss First Quarter 2024 results on Thursday, May 9, 2024, at 9:00 a.m. Eastern Standard Time. Watts Water Technologies, Inc. will announce its financial results for this period in a press release to be issued after market close on Wednesday, May 8, 2024. This call can be accessed by visiting the Investor Relations section of the Company's website at www.watts.com. Following the webcast, an archived version of the call will be available at the same address until May 8, 2025. Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that
Fourth Quarter 2023 Highlights Reported sales of $548 million, up 9% on a reported basis and down 1% organically Reported operating margin of 14.4%, up 100 bps; adjusted operating margin of 15.8%, up 150 bps Reported EPS of $1.67, down 19%; adjusted EPS of $1.97, up 23% Full Year 2023 Highlights Reported sales of $2.06 billion, up 4% on a reported basis and 1% organically Reported operating margin of 17.1%, up 120 bps; adjusted operating margin of 17.8%, up 140 bps Reported EPS of $7.82, up 5%; adjusted EPS of $8.27, up 16% Operating cash flow of $311 million and free cash flow of $281 million, a 39% and 40% increase, respectively Closed the acquisition of J
Northcoast upgraded Watts Water Tech. from Neutral to Buy and set a new price target of $225.00
Deutsche Bank downgraded Watts Water Tech. from Buy to Hold and set a new price target of $150.00 from $155.00 previously
Deutsche Bank initiated coverage of Watts Water Tech. with a rating of Buy and set a new price target of $192.00
Northcoast initiated coverage of Watts Water Tech. with a rating of Neutral
Goldman Sachs reiterated coverage of Watts Water Technologies with a rating of Neutral and set a new price target of $191.00 from $153.00 previously
Goldman Sachs reiterated coverage of Watts Water Technologies with a rating of Neutral and set a new price target of $153.00 from $136.00 previously
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Watts Water Technologies, Inc. (NYSE:WTS) today announced that Andre Dhawan will join the Company as Chief Operating Officer on August 15, 2022. Mr. Dhawan comes to Watts from Gilbarco Veeder-Root, a subsidiary of Vontier Corporation, where he most recently served as President, Americas and previously as President, EMEA & APAC. Prior to joining Gilbarco Veeder-Root, Mr. Dhawan held several senior leadership positions with Xylem Inc. and ITT Corporation. Mr. Dhawan is replacing Munish Nanda, President of Americas & Europe, who previously announced that he plans to retire from Watts. Robert J. Pagano, Jr., President, Chief Executive Officer and Chairperson of the Board, commented, "Andre is
Watts Water Technologies, Inc. (NYSE:WTS) announced today the appointment of Monica Barry as Chief Human Resources Officer. Ms. Barry comes to Watts from Colfax Corporation where she served as Vice President, Talent Management, Organizational Development and Corporate HR Business Partner from February 2020 to September 2021. Prior to joining Colfax, Ms. Barry served as Vice President, Global Talent, Learning & Development and Inclusion from July 2015 to January 2020 and as Vice President, Human Resources, Health Sector from August 2012 to October 2015 for Johnson Matthey, PLC. Ms. Barry has also held human resources management positions with The Campbell Soup Company and FMC Corporation. M
Ocular Therapeutix, Inc. (NASDAQ:OCUL), a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye, today announced the appointment of Merilee Raines to the Company's Board of Directors effective September 20, 2021. "We are excited to welcome Merilee to our Board of Directors," said Antony Mattessich, President and Chief Executive Officer of Ocular Therapeutix. "Merilee brings a wealth of operational, financial, and business experience to our team. Having started as employee #11 at IDEXX, she helped to drive a multitude of innovative growth strategies and successfully scaled the business from sta
Stifel analyst Nathan Jones maintains Watts Water Technologies (NYSE:WTS) with a Hold and raises the price target from $209 to $217.
Watts Water Technologies's (NYSE:WTS) short percent of float has risen 14.59% since its last report. The company recently reported that it has 871 thousand shares sold short, which is 4.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.6 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
Watts Water Technologies (NYSE:WTS) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $212.0, a high estimate of $225.00, and a low estimate of $206.00. Marking an increase of 4.95%, the current average s
Baird analyst Michael Halloran maintains Watts Water Technologies (NYSE:WTS) with a Neutral and raises the price target from $212 to $225.
- SEC Filing
Watts Water Technologies (NYSE:WTS) reported quarterly earnings of $2.33 per share which beat the analyst consensus estimate of $2.10 by 10.95 percent. This is a 21.35 percent increase over earnings of $1.92 per share from the same period last year. The company reported quarterly sales of $570.900 million which beat the analyst consensus estimate of $547.200 million by 4.33 percent. This is a 21.03 percent increase over sales of $471.700 million the same period last year.
Stifel analyst Nathan Jones maintains Watts Water Technologies (NYSE:WTS) with a Hold and raises the price target from $206 to $209.
During the last three months, 4 analysts shared their evaluations of Watts Water Technologies (NYSE:WTS), revealing diverse outlooks from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 2 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Watts Water Technologies, presenting an average target of $197.0, a high estimate of $208.00, and a low estimate of $175.00. This upward tre