Loading...
Docoh
Log in Free sign up

Watts Water (WTS)

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 residential, commercial, and industrial applications. The company employs 4,800 people across 27 countries.

Company profile

Ticker
WTS
Exchange
NYSE
Website
www.wattswater.com
CEO
Robert Pagano
Employees
Incorporated
Delaware
Location
Massachusetts
Fiscal year end
Dec 31
Sector
Manufacturing > Fluid Power Valve and Hose Fitting Manufacturing
Industry (SIC)
Miscellaneous Fabricated Metal Products
Parker-Hannifin • Crane • Barnes • Mueller Water Products Inc - Series A • Helios • ZK International • Circor International • NiSun International Enterprise Development • Highway • ARC Group Worldwide ...
Former names
WATTS INDUSTRIES INC
SEC CIK
0000795403
Corporate docs
Subsidiaries
AERCO International, Inc. • AHC Holding Company, Inc. • Apex Valves Limited • Australian Valve Group Pty Ltd • Bar pneumatische steuerungssysteme GmbH • Black Teknigas & Electro Controls Limited • BLÜCHER France SARL • BLÜCHER Germany GmbH • BLÜCHER Metal A/S • BLÜCHER Sweden AB ...
IRS number
42916536

WTS stock data

News

From Benzinga Pro
Benzinga's Top Ratings Upgrades, Downgrades For August 18, 2022
18 Aug 22
Deutsche Bank Initiates Coverage On Watts Water Technologies with Buy Rating, Announces Price Target of $192
18 Aug 22
Deutsche Bank analyst Joe Ahlersmeyer initiates coverage on Watts Water Technologies (NYSE:WTS) with a Buy rating and announces Price Target of $192.
Watts Water Technologies Q2 EPS $2.11 Beats $1.63 Estimate, Sales $526.60M Beat $488.73M Estimate
3 Aug 22
Watts Water Technologies (NYSE:WTS) reported quarterly earnings of $2.11 per share which beat the analyst consensus estimate of $1.63 by 29.45 percent. This is a 42.57 percent increase over earnings of $1.48 per share
Watts Water Technologies: Q2 Earnings Insights
3 Aug 22
Earnings Scheduled For August 3, 2022
3 Aug 22

Press releases

From Benzinga Pro
Watts Water Technologies Completes WAVE Water Stewardship Verification
17 Aug 22
Watts Water Technologies, Inc. — one of the world's leading manufacturers and providers of plumbing, heating, and water quality products and solutions — has successfully completed verification for The Water Council's
Watts Water Technologies to Participate in the Seaport Research Partners Annual Summer Investor Virtual Conference
9 Aug 22
Watts Water Technologies, Inc. (NYSE:WTS) today announced that Robert J. Pagano, Jr., Chief Executive Officer & President and Diane McClintock, Senior Vice President FP&A and Investor Relations will participate
Watts Water Technologies Reports Record Second Quarter 2022 Results
3 Aug 22
Reported sales of $527 million increased 13%; organic sales increased 16% GAAP operating margin of 18.2%, up 690 bps; adjusted operating margin of 18.5%, up 360 bps GAAP EPS of $2.07, up 86% and adjusted EPS of
Watts Water Technologies, Inc. Declares Quarterly Dividend
1 Aug 22
Watts Water Technologies Appoints Chief Operating Officer
19 Jul 22

Analyst ratings and price targets

Last 3 months
Current price
Average target
$161.00
Low target
$130.00
High target
$192.00
Deutsche Bank
Initiated
Buy
$192.00
18 Aug 22
Stifel
Maintains
Hold
$130.00
20 Jul 22

Calendar

4 Aug 22
18 Aug 22
31 Dec 22

Financial summary

Financial statements Chart WTS financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 230M 230M 230M 230M 230M 230M
Cash burn (monthly) (no burn) 841.67K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 1.5M n/a n/a n/a n/a
Cash remaining n/a 228.5M n/a n/a n/a n/a
Runway (months of cash) n/a 271.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from Watts Water earnings reports.

Recent insider trades

WTS insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Aug 22 Andre Dhawan Class A Common Stock Grant Acquire A No No 0 6,762 0 6,762
9 Aug 22 Lepage Kenneth Robert Class A Common Stock Sell Dispose S No No 143.04 7,555 1.08M 21,508
9 Aug 22 Lepage Kenneth Robert Class A Common Stock Sell Dispose S No No 143.88 1,402 201.72K 29,063
9 Aug 22 Lepage Kenneth Robert Class A Common Stock Sell Dispose S No No 145.11 133 19.3K 30,465
8 Aug 22 Timothy P Horne Class A Common Stock Sell Dispose S Yes No 143.51 12,993 1.86M 0
8 Aug 22 Timothy P Horne Class A Common Stock Sell Dispose S Yes No 145.68 1,968 286.7K 12,993
8 Aug 22 Timothy P Horne Class A Common Stock Sell Dispose S Yes No 144.57 1,039 150.21K 14,961
1 Aug 22 W Craig Kissel Class A Common Stock Grant Acquire A No No 0 1,019 0 18,102
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

WTS institutional ownership history Ownership history
90.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 287 318 -9.7%
Opened positions 24 46 -47.8%
Closed positions 55 49 +12.2%
Increased positions 102 116 -12.1%
Reduced positions 103 99 +4.0%
13F shares Current Prev Q Change
Total value 16.6B 18.9B -12.2%
Total shares 24.8M 24.94M -0.6%
Total puts 22.7K 19.9K +14.1%
Total calls 6.6K 15.8K -58.2%
Total put/call ratio 3.4 1.3 +173.1%
Largest owners Shares Value Change
BLK Blackrock 3.73M $458.08M +0.2%
Vanguard 2.77M $339.93M +1.4%
Kayne Anderson Rudnick Investment Management 2.16M $265.17M -2.1%
IPXAF Impax Asset Management 1.9M $233.07M -0.8%
STT State Street 863.94K $106.13M -0.2%
Dimensional Fund Advisors 661.25K $81.23M -3.8%
Mirova US 648.6K $79.67M +6.3%
GBL Gamco Investors 630.53K $77.45M -1.6%
Ubs Global Asset Management Americas 615.73K $75.64M -4.0%
IVZ Invesco 597.66K $73.42M -13.6%
Largest transactions Shares Bought/sold Change
Victory Capital Management 566.77K +267.65K +89.5%
Millennium Management 223.46K +130.48K +140.3%
Vaughan Nelson Investment Management 273.11K +111.38K +68.9%
Lord, Abbett & Co. 0 -104.78K EXIT
JHG Janus Henderson 285.94K +97.5K +51.7%
Granite Investment Partners 0 -96.42K EXIT
Ceredex Value Advisors 95.41K +95.41K NEW
IVZ Invesco 597.66K -94.12K -13.6%
LGEN Legal & General 0 -84.58K EXIT
Aaron Wealth Advisors 0 -70.63K EXIT
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: advisory, Andre, announced, appointment, assist, commencement, Dhawan, direct, employment, July, Munish, muted, Nanda, President, retirement, Russia, shown, transition
Removed: expedite, expedited, experiencing, intend, Internet, introduce, transform
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
4 Aug 22
10-Q
2022 Q1
Quarterly report
4 May 22
10-K
2021 FY
Annual report
22 Feb 22
10-Q
2021 Q3
Quarterly report
4 Nov 21
10-Q
2021 Q2
Quarterly report
5 Aug 21
10-Q
2021 Q1
Quarterly report
5 May 21
10-K
2020 FY
Annual report
18 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
4 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
Current reports
View all
8-K
Watts Water Technologies Reports Record Second Quarter 2022 Results
3 Aug 22
8-K
Departure of Directors or Certain Officers
19 Jul 22
8-K
Departure of Directors or Certain Officers
11 May 22
8-K
Watts Water Technologies Reports Record First Quarter 2022 Results
3 May 22
8-K
Departure of Directors or Certain Officers
25 Mar 22
8-K
Results of Operations and Financial Condition
9 Feb 22
8-K
Other Events
21 Dec 21
8-K
Results of Operations and Financial Condition
3 Nov 21
8-K
Amendments to Articles of Incorporation or Bylaws
2 Nov 21
8-K
Results of Operations and Financial Condition
4 Aug 21
Registration and prospectus
View all
S-3ASR
Automatic shelf registration
5 Apr 21
S-3ASR
Automatic shelf registration
2 Apr 18
S-3ASR
Automatic shelf registration
30 Mar 15
S-8
Registration of securities for employees
16 May 13
S-3ASR
Automatic shelf registration
27 Mar 12
S-3ASR
Automatic shelf registration
24 Mar 09
S-8
Registration of securities for employees
7 May 07
424B5
Prospectus supplement for primary offering
15 Nov 06
424B5
Prospectus supplement for primary offering
6 Nov 06
REGDEX
Notice of sale of securities
14 May 06
Proxies
View all
DEFA14A
Additional proxy soliciting materials
15 Apr 22
DEFA14A
Additional proxy soliciting materials
23 Mar 22
DEF 14A
Definitive proxy
23 Mar 22
DEFA14A
Additional proxy soliciting materials
24 Mar 21
DEF 14A
Definitive proxy
24 Mar 21
DEFA14A
Additional proxy soliciting materials
23 Mar 20
DEF 14A
Definitive proxy
23 Mar 20
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEF 14A
Definitive proxy
29 Mar 19
PRE 14A
Preliminary proxy
7 Mar 19
Other
View all
SD
Conflict minerals disclosure
25 May 22
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
27 May 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
UPLOAD
Letter from SEC
24 May 17
CORRESP
Correspondence with SEC
21 May 17
UPLOAD
Letter from SEC
10 May 17
SD
Conflict minerals disclosure
30 May 16
Ownership
View all
4
WATTS WATER / Andre Dhawan ownership change
15 Aug 22
3
WATTS WATER / Andre Dhawan ownership change
15 Aug 22
4
WATTS WATER / Kenneth Robert Lepage ownership change
8 Aug 22
4
WATTS WATER / TIMOTHY P HORNE ownership change
8 Aug 22
4
WATTS WATER / LOUISE K GOESER ownership change
2 Aug 22
4
WATTS WATER / Joseph William Reitmeier ownership change
1 Aug 22
4
WATTS WATER / MERILEE RAINES ownership change
1 Aug 22
4
WATTS WATER / Joseph T Noonan ownership change
1 Aug 22
4
WATTS WATER / W CRAIG KISSEL ownership change
1 Aug 22
4
WATTS WATER / David A. Dunbar ownership change
1 Aug 22

Patents

View all
Utility
Actuated Backflow Preventer and Fluid Control Apparatus
18 Aug 22
The present disclosure is directed to systems and methods useful for backflow prevention system that includes an actuated valve, a valve controller, one or more upstream sensors, and one or more downstream sensors.
Utility
Pressure Compensation Systems, Liquid Supply Systems and Methods Using the Same
11 Aug 22
Fluid detection systems and methods using the same are disclosed.
Utility
UV lamp and anti-scale water treatment water heater apparatus with sanitation loop
26 Jul 22
A water heating and treatment system with UV lamp and anti-scale water treatment sanitation for suppression of pathogens including undesired bacterial content in a domestic water system includes a water heater.
Utility
UV lamp and anti-scale water treatment water heater apparatus with sanitation loop
26 Jul 22
A water heating and treatment system with UV lamp and anti-scale water treatment sanitation for suppression of pathogens and undesired bacterial content in a domestic hot water system includes an anti-scale device, and a UV sanitation lamp.
Utility
Relief Valve with Testing Lockout
14 Jul 22
A relief valve has a valve body, a plunger assembly coupled to the valve body for selectively opening and closing the relief valve, and a support member secured to the valve body.

Transcripts

View all
2022 Q1
Earnings call transcript
4 May 22
2021 Q4
Earnings call transcript
10 Feb 22
2021 Q3
Earnings call transcript
5 Nov 21
2021 Q2
Earnings call transcript
8 Aug 21
2021 Q1
Earnings call transcript
8 May 21
2020 Q4
Earnings call transcript
11 Feb 21
2020 Q3
Earnings call transcript
8 Nov 20
2020 Q2
Earnings call transcript
9 Aug 20
2020 Q1
Earnings call transcript
9 May 20
2019 Q4
Earnings call transcript
11 Feb 20

Reddit threads

View all