Watts Water Technologies, Inc. logo

Watts Water Technologies, Inc.

WTS

NYSEIndustrialsIndustrial - Machinery

Previous close

$375.57

+$5.67 · +1.53%

Aug 21, 4:00 PM ET

WTS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

71

Undervalued

Momentum

49

Neutral

Sentiment

51

Mixed

Risk resilience

62

Moderate Risk

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Company profile

Company website

Watts Water Technologies, Inc. is a global enterprise that creates, produces, and distributes a comprehensive range of products and systems designed to regulate and optimize the movement and conservation of liquids and energy within and around both commercial and residential structures. Their operations span across the Americas, Europe, Asia-Pacific, the Middle East, and Africa. Their core offerings include various residential and commercial fluid control devices, such as backflow prevention devices, water pressure regulation units, safety valves for temperature and pressure, and thermostatic mixing valves. Additionally, Watts manufactures heating, ventilation, air conditioning (HVAC), and gas-related equipment. This extensive category encompasses boilers, water heating units, customized heating and hot water solutions, and both hydronic and electric underfloor radiant heating systems. They also supply hydronic pump assemblies for boiler producers and alternative energy control systems, alongside flexible stainless steel connectors for natural and LP gas used in commercial kitchens and homes. Furthermore, their portfolio includes drainage and water reuse technologies, covering standard drainage products and sophisticated rainwater harvesting systems tailored for commercial, industrial, marine, and domestic uses. They also provide water quality management solutions, featuring both point-of-use and point-of-entry water filtration, conditioning, and anti-scale systems for various commercial and residential settings. A notable offering is their IntelliStation-branded smart mixing system. Watts distributes its offerings through a diverse network, including wholesale distributors and dealers in plumbing, heating, and mechanical sectors, original equipment manufacturers (OEMs), specialized product distributors, DIY retail chains, and other general retail outlets. They also engage in direct sales to wholesalers and private label clients. Established in 1874, Watts Water Technologies, Inc. maintains its corporate headquarters in North Andover, Massachusetts.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
US
CEO
Robert J. Pagano Jr.
Listed since
Aug 21, 1986
Employees
5,700

Market position

Day range

Current $375.57

52-week range

Current $375.57

Open
$371.27
Previous close
$369.9
Volume
114.37K
0.34× average
Average volume
338.84K
Average daily volume
Market cap
12.54B USD
Beta
1.13
Market reference 1
50-day average
$357.68
+5.00% above average
200-day average
$311.45
+20.59% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
9.04B USD
P/E (TTM)
32.77×
P/B (TTM)
5.75×
P/S (TTM)
4.68×
EV / EBITDA
17.61×
Earnings yield
3.69%
Free cash flow yield
3.85%
Dividend yield
0.58%

Profitability & efficiency

Gross margin
48.85%
Operating margin
19.24%
Net margin
14.34%
Return on equity
16.81%
Return on assets
11.83%
Return on invested capital
15.23%

Financial health

Debt / equity
0.05×
Current ratio
2.51×
Altman Z-score
12.46
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends53%37%21%5%Gross margin, FY2021: 42.40%Gross margin, FY2022: 44.17%Gross margin, FY2023: 46.73%Gross margin, FY2024: 47.15%Gross margin, FY2025: 49.46%Operating margin, FY2021: 13.24%Operating margin, FY2022: 15.91%Operating margin, FY2023: 17.06%Operating margin, FY2024: 17.33%Operating margin, FY2025: 19.35%Net margin, FY2021: 9.16%Net margin, FY2022: 12.71%Net margin, FY2023: 12.75%Net margin, FY2024: 12.93%Net margin, FY2025: 13.98%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 42.40%. Gross margin FY2022 44.17%. Gross margin FY2023 46.73%. Gross margin FY2024 47.15%. Gross margin FY2025 49.46%. Operating margin FY2021 13.24%. Operating margin FY2022 15.91%. Operating margin FY2023 17.06%. Operating margin FY2024 17.33%. Operating margin FY2025 19.35%. Net margin FY2021 9.16%. Net margin FY2022 12.71%. Net margin FY2023 12.75%. Net margin FY2024 12.93%. Net margin FY2025 13.98%.

Income trends

Revenue

2.44B USD+8.27%

Operating income

471.8M USD+20.85%

Net income

340.8M USD+17.03%
Income trends across reported periods2.67B USD1.76B USD847.54M USD−61.58M USDRevenue, FY2021: 1.81B USDRevenue, FY2022: 1.98B USDRevenue, FY2023: 2.06B USDRevenue, FY2024: 2.25B USDRevenue, FY2025: 2.44B USDOperating income, FY2021: 239.6M USDOperating income, FY2022: 315M USDOperating income, FY2023: 350.9M USDOperating income, FY2024: 390.4M USDOperating income, FY2025: 471.8M USDNet income, FY2021: 165.7M USDNet income, FY2022: 251.5M USDNet income, FY2023: 262.1M USDNet income, FY2024: 291.2M USDNet income, FY2025: 340.8M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.81B USD. Revenue FY2022 1.98B USD. Revenue FY2023 2.06B USD. Revenue FY2024 2.25B USD. Revenue FY2025 2.44B USD. Operating income FY2021 239.6M USD. Operating income FY2022 315M USD. Operating income FY2023 350.9M USD. Operating income FY2024 390.4M USD. Operating income FY2025 471.8M USD. Net income FY2021 165.7M USD. Net income FY2022 251.5M USD. Net income FY2023 262.1M USD. Net income FY2024 291.2M USD. Net income FY2025 340.8M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.44B USD2.25B USD2.06B USD1.98B USD1.81B USD
Cost of goods sold1.23B USD1.19B USD1.1B USD1.11B USD1.04B USD
Gross profit1.21B USD1.06B USD960.9M USD874.3M USD767.1M USD
Research and development70.4M USD59.4M USD45.6M USD
Selling, general, and administrative734.2M USD594M USD604.5M USD489.3M USD462.6M USD
Operating expenses734.2M USD671.6M USD610M USD559.3M USD527.5M USD
Interest income9.8M USD8.9M USD7.2M USD600K USD
Interest expense10.8M USD14.7M USD8.2M USD7M USD6.3M USD
Depreciation and amortization56.8M USD54.4M USD43.3M USD39.7M USD45.1M USD
Operating income471.8M USD390.4M USD350.9M USD315M USD239.6M USD
Net income340.8M USD291.2M USD262.1M USD251.5M USD165.7M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+9.80%
11 comparable reports
Latest EPS result
3.66
Estimate 3.33 · Beat by 9.91%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.813.132.441.76Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 2.05, estimate 1.91, surprise +7.33%, Beat. Q2 2025, reported May 7, 2025: actual 2.37, estimate 2.12, surprise +11.79%, Beat. Q3 2025, reported Aug 6, 2025: actual 3.09, estimate 2.68, surprise +15.30%, Beat. Q4 2025, reported Nov 5, 2025: actual 2.5, estimate 2.26, surprise +10.62%, Beat. Q1 2026, reported Feb 11, 2026: actual 2.62, estimate 2.36, surprise +11.02%, Beat. Q2 2026, reported May 6, 2026: actual 3.04, estimate 2.7, surprise +12.59%, Beat. Q3 2026, reported Aug 5, 2026: actual 3.66, estimate 3.33, surprise +9.91%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 3.16, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates793.73M699.11M604.49M509.87MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 540.4M USD, estimate 555.32M USD, surprise -2.69%, Miss. Q2 2025, reported May 7, 2025: actual 558M USD, estimate 547.36M USD, surprise +1.94%, Beat. Q3 2025, reported Aug 6, 2025: actual 643.7M USD, estimate 561.77M USD, surprise +14.58%, Beat. Q4 2025, reported Nov 5, 2025: actual 611.7M USD, estimate 576.31M USD, surprise +6.14%, Beat. Q1 2026, reported Feb 11, 2026: actual 625.1M USD, estimate 610.04M USD, surprise +2.47%, Beat. Q2 2026, reported May 6, 2026: actual 677.3M USD, estimate 638.13M USD, surprise +6.14%, Beat. Q3 2026, reported Aug 5, 2026: actual 763.2M USD, estimate 725.99M USD, surprise +5.12%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 693M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$387.75

3.24% upside
Past 12 months12-month forecastHigh $425Average $387.75Low $320

Rating distribution

23 ratings
Strong buy00%
Buy939%
Hold1461%
Sell00%
Strong sell00%

Recent analyst actions

8 institutions
Northcoast ResearchupgradeNeutralBuy

WTS news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.99

2025 complete year+97.0% since 2021

2026 partial: $1.15

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 1, 2026

$0.63

Quarterly

Record Sep 1, 2026 · Payment Sep 15, 2026

Dividend

Ex-dividend Jun 1, 2026

$0.63

Quarterly

Record Jun 1, 2026 · Payment Jun 15, 2026

Dividend

Ex-dividend Feb 27, 2026

$0.52

Quarterly

Record Feb 27, 2026 · Payment Mar 13, 2026

Dividend

Ex-dividend Dec 1, 2025

$0.52

Quarterly

Record Dec 1, 2025 · Payment Dec 15, 2025

Dividend

Ex-dividend Aug 29, 2025

$0.52

Quarterly

Record Aug 29, 2025 · Payment Sep 15, 2025

Dividend

Ex-dividend May 30, 2025

$0.52

Quarterly

Record May 30, 2025 · Payment Jun 13, 2025

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