Exhibit 23.1 Consent of KPMG Peat Marwick LLP,
                              Independent Auditors



                          Independent Auditors' Consent



The Board of Directors
Watts Industries, Inc.


We consent to the  incorporation  by  reference in the  Registration  Statements
pertaining  to the  1996  Stock  Option  Plan  (Form  S-8 No.  333-32685),  1986
Incentive  Stock  Option Plan  (Post-Effective  Amendment  No. 1 to Form S-8 No.
33-30377),  Nonqualified  Stock  Option  Plan  (Form  S-8  No.  33-37926),  1991
Non-Employee  Directors' Nonqualified Stock Option Plan (Form S-8 No. 33-69422),
and Management Stock Purchase Plan (Form S-8 No. 33-64627) of Watts  Industries,
Inc. of our report dated August 1, 1997,  relating to the  consolidated  balance
sheet of Watts  Industries,  Inc.  and  subsidiaries  as of June 30,  1997,  the
related  consolidated  statements of operations,  stockholders'  equity and cash
flows for the year  then  ended,  and the  related  schedule  of  valuation  and
qualifying  accounts as of and for the year ended June 30,  1997,  which  report
appears in the June 30,  1997  annual  report on Form 10-K of Watts  Industries,
Inc.


                              KPMG Peat Marwick LLP


Boston, Massachusetts
September 12, 1997