WTS Stock - Watts Water Technologies, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.25B | $2.06B | $1.98B | $1.81B | $1.51B |
| Gross Profit | $1.06B | $960.90M | $874.30M | $767.10M | $625.40M |
| Gross Margin | 47.2% | 46.7% | 44.2% | 42.4% | 41.5% |
| Operating Income | $390.40M | $350.90M | $315.00M | $239.60M | $181.10M |
| Net Income | $291.20M | $262.10M | $251.50M | $165.70M | $114.30M |
| Net Margin | 12.9% | 12.7% | 12.7% | 9.2% | 7.6% |
| EPS | $8.69 | $7.85 | $7.51 | $4.90 | $3.37 |
Watts Water Technologies, Inc. designs, manufactures, and sells products, solution, 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, custom heat, and hot water solutions; 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. 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 12th 2025 | Jefferies | Initiation | Hold | $300 |
| September 19th 2025 | Barclays | Initiation | Equal Weight | $287 |
| May 16th 2025 | Northcoast | Downgrade | Neutral | - |
| April 16th 2025 | Stifel | Upgrade | Buy | $229 |
| December 17th 2024 | Deutsche Bank | Initiation | Hold | $240 |
| November 4th 2024 | Northcoast | Upgrade | Buy | $225 |
| January 11th 2023 | Deutsche Bank | Downgrade | Hold | $150← $155 |
| August 18th 2022 | Deutsche Bank | Initiation | Buy | $192 |
| July 15th 2022 | Northcoast | Initiation | Neutral | - |
Earnings History & Surprises
WTSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 9, 2026 | $2.34 | — | — | — |
Q4 2025 | Nov 5, 2025 | $2.26 | $2.50 | +10.6% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $2.68 | $3.09 | +15.3% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $2.12 | $2.37 | +11.8% | ✓ BEAT |
Q1 2025 | Feb 10, 2025 | $1.91 | $2.05 | +7.3% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $1.99 | $2.03 | +2.0% | ✓ BEAT |
Q3 2024 | Aug 7, 2024 | $2.33 | $2.46 | +5.6% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $2.10 | $2.33 | +11.0% | ✓ BEAT |
Q1 2024 | Feb 12, 2024 | $1.78 | $1.97 | +10.7% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $1.83 | $2.04 | +11.5% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $2.04 | $2.34 | +14.7% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $1.64 | $1.92 | +17.1% | ✓ BEAT |
Q1 2023 | Feb 8, 2023 | $1.53 | $1.60 | +4.6% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $1.55 | $1.79 | +15.5% | ✓ BEAT |
Q3 2022 | Aug 3, 2022 | $1.63 | $2.11 | +29.4% | ✓ BEAT |
Q2 2022 | May 3, 2022 | $1.37 | $1.63 | +19.0% | ✓ BEAT |
Q1 2022 | Feb 9, 2022 | $1.33 | $1.42 | +6.8% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $1.29 | $1.39 | +7.8% | ✓ BEAT |
Q3 2021 | Aug 4, 2021 | $1.29 | $1.48 | +14.7% | ✓ BEAT |
Latest News
Jefferies Initiates Coverage On Watts Water Technologies with Hold Rating, Announces Price Target of $300
➖ NeutralWatts Water Technologies Appoints Diane McClintock As CFO Succeeding Ryan Lada, Effective Immediately
➖ NeutralBarclays Maintains Equal-Weight on Watts Water Technologies, Raises Price Target to $300
📈 PositiveWatts Water Technologies Raises FY2025 Sales Guidance from $2.297B-$2.365B to $2.410B-$2.432B vs $2.345B Est.
📈 PositiveWatts Water Technologies Q3 Adj. EPS $2.50 Beats $2.26 Estimate, Sales $611.700M Beat $576.343M Estimate
📈 PositiveBarclays Initiates Coverage On Watts Water Technologies with Equal-Weight Rating, Announces Price Target of $287
➖ NeutralFrequently Asked Questions about WTS
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