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
Website
CEO
Robert Pagano
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
WATTS INDUSTRIES INC
SEC CIK
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

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
Watts Water Technologies Q2 EPS $2.11 Beats $1.63 Estimate, Sales $526.60M Beat $488.73M Estimate
3 Aug 22
Watts Water Technologies: Q2 Earnings Insights
3 Aug 22
Earnings Scheduled For August 3, 2022
3 Aug 22
Press releases
Watts Water Technologies Completes WAVE Water Stewardship Verification
17 Aug 22
Watts Water Technologies to Participate in the Seaport Research Partners Annual Summer Investor Virtual Conference
9 Aug 22
Watts Water Technologies Reports Record Second Quarter 2022 Results
3 Aug 22
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
Current price
Average target
$161.00
Low target
$130.00
High target
$192.00
Deutsche Bank
Initiated
$192.00
Stifel
Maintains
$130.00
Calendar
4 Aug 22
18 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q2 2022
90.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 287 |
Opened positions | 24 |
Closed positions | 55 |
Increased positions | 102 |
Reduced positions | 103 |
13F shares | Current |
---|---|
Total value | 16.6B |
Total shares | 24.8M |
Total puts | 22.7K |
Total calls | 6.6K |
Total put/call ratio | 3.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 3.73M | $458.08M |
Vanguard | 2.77M | $339.93M |
Kayne Anderson Rudnick Investment Management | 2.16M | $265.17M |
IPXAF Impax Asset Management | 1.9M | $233.07M |
STT State Street | 863.94K | $106.13M |
Dimensional Fund Advisors | 661.25K | $81.23M |
Mirova US | 648.6K | $79.67M |
GBL Gamco Investors | 630.53K | $77.45M |
Ubs Global Asset Management Americas | 615.73K | $75.64M |
IVZ Invesco | 597.66K | $73.42M |
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
Financial reports
Current reports
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
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
DEFA14A
Additional proxy soliciting materials
15 Apr 22
DEFA14A
Additional proxy soliciting materials
23 Mar 22
DEFA14A
Additional proxy soliciting materials
24 Mar 21
DEFA14A
Additional proxy soliciting materials
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
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
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
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
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
Water and Farmland plays
14 Aug 22
I think too many people are too confident in this current rally
13 Aug 22
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Daily Discussion Thread - May 31st, 2022
31 May 22
Daily Discussion Thread - May 30th, 2022
30 May 22
Daily Discussion Thread - May 3rd, 2022
3 May 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
What Are Your Moves Tomorrow, April 19, 2022
18 Apr 22