Watts Water (WTS)

Company Profile

watts water technologies family of companies has designed and manufactured valves and related products that promote the comfort and safety of people and the quality, conservation and control of water used in commercial, residential, industrial and municipal applications.

Company profile

Ticker

WTS

Exchange

NYSE

Website

www.watts.com/

CEO

Robert Pagano

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 • Crane NXT • Barnes • Mueller Water Products Inc - Series A • Circor International • Helios • ZK International • NiSun International Enterprise Development • Highway ...

Former names

WATTS INDUSTRIES INC

SEC CIK

0000795403

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

View all

8-K

Watts Water Technologies Inc. to Acquire Bradley Corporation

3 Aug 23

Watts Water Technologies Reports Record Second Quarter 2023 Results

2 Aug 23

Conflict minerals disclosure

26 May 23

8-K

Submission of Matters to a Vote of Security Holders

4 May 23

Watts Water Technologies Reports Record First Quarter 2023 Results

3 May 23

ARS

2022 FY

Annual report to shareholders

28 Mar 23

DEFA14A

Additional proxy soliciting materials

28 Mar 23

DEF 14A

Definitive proxy

28 Mar 23

Transcripts

View all

WTS

Earnings call transcript

2023 Q1

4 May 23

WTS

Earnings call transcript

2022 Q3

6 Nov 22

WTS

Earnings call transcript

2022 Q2

6 Aug 22

WTS

Earnings call transcript

2022 Q1

4 May 22

WTS

Earnings call transcript

2021 Q4

10 Feb 22

WTS

Earnings call transcript

2021 Q3

5 Nov 21

WTS

Earnings call transcript

2021 Q2

8 Aug 21

WTS

Earnings call transcript

2021 Q1

8 May 21

WTS

Earnings call transcript

2020 Q4

11 Feb 21

WTS

Earnings call transcript

2020 Q3

8 Nov 20

Latest ownership filings

View all

Kenneth Robert Lepage

Notice of proposed sale of securities

1 Sep 23

144

Notice of proposed sale of securities

Joseph William Reitmeier

Financial summary

Financial statements Chart WTS financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
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)	291.90 mm	291.90 mm	291.90 mm	291.90 mm	291.90 mm	291.90 mm
Cash burn (monthly)	6.63 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	21.80 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	270.10 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	40.7	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Watts Water earnings reports.

Institutional ownership, Q2 2023

WTS institutional ownership history Ownership history

91.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	324	325	-0.3%
Opened positions	32	51	-37.3%
Closed positions	33	32	+3.1%
Increased positions	104	97	+7.2%
Reduced positions	120	123	-2.4%

13F shares	Current	Prev Q	Change
Total value	4.52 tn	4.18 tn	+8.2%
Total shares	24.93 mm	24.99 mm	-0.2%
Total puts	19.50 k	11.10 k	+75.7%
Total calls	4.10 k	8.70 k	-52.9%
Total put/call ratio	4.8	1.3	+272.8%

Largest owners	Shares	Value	Change
BLK Blackrock	4.01 mm	$737.36 bn	-1.8%
Vanguard	3.16 mm	$580.40 bn	-0.2%
Kayne Anderson Rudnick Investment Management	2.08 mm	$382.42 bn	-2.2%
Impax Asset Management	1.91 mm	$350.38 bn	-2.6%
STT State Street	913.29 k	$167.80 bn	+0.5%
Mirova US	688.46 k	$126.49 bn	+2.5%
Dimensional Fund Advisors	624.63 k	$114.76 bn	-1.4%
Victory Capital Management	584.29 k	$107.35 bn	-1.2%
Geode Capital Management	582.38 k	$107.00 bn	+4.9%
Gamco Investors	552.29 k	$101.47 bn	-4.4%

Largest transactions	Shares	Bought/sold	Change
Millennium Management	96.89 k	+96.89 k	NEW
DnB Asset Management AS	0.00	-95.91 k	EXIT
Robecosam	275.37 k	+91.76 k	+50.0%
Comerica Bank	78.79 k	+78.79 k	NEW
BLK Blackrock	4.01 mm	-74.14 k	-1.8%
Nordea Investment Management Ab	0.00	-60.42 k	EXIT
Nuveen Asset Management	137.05 k	+58.84 k	+75.2%
Vaughan Nelson Investment Management	151.99 k	-53.54 k	-26.1%
Allianz Asset Management GmbH	349.60 k	+50.84 k	+17.0%
Impax Asset Management	1.91 mm	-50.78 k	-2.6%

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.

Recent insider trades

WTS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Sep 23	Lepage Kenneth Robert	Class A Common Stock	Sell	Dispose S	No	No	188.65	4,588	865.53 k	17,404
1 Sep 23	Lepage Kenneth Robert	Class A Common Stock	Sell	Dispose S	No	No	188	4,579	860.85 k	21,992
1 Sep 23	Lepage Kenneth Robert	Class A Common Stock	Sell	Dispose S	No	No	189.62	236	44.75 k	26,571
1 Sep 23	Shashank Patel	Class A Common Stock	Sell	Dispose S	No	No	190.06	2,206	419.27 k	18,846
1 Sep 23	Shashank Patel	Class A Common Stock	Sell	Dispose S	No	No	191.49	130	24.89 k	21,052
31 Jul 23	Michael J. Dubose	Class A Common Stock	Grant	Acquire A	No	No	0	713	0.00	2,721
31 Jul 23	Conway Christopher	Class A Common Stock	Grant	Acquire A	No	No	0	713	0.00	11,756
31 Jul 23	Noonan Joseph T	Class A Common Stock	Grant	Acquire A	No	No	0	713	0.00	2,526