Watts Water Technologies (WTS)
Makes water-control, heating, drainage, and water-quality systems for buildings.
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Manufactures flow-control and protection products, boilers and water heaters, drainage systems, and water-quality equipment for buildings. Earns almost all revenue from product sales across the Americas, Europe, and APMEA, with wholesalers as the largest channel and regulated plumbing and building codes shaping demand.
Designs and manufactures products that manage water and energy flows through commercial, residential, and light-industrial buildings. The portfolio spans backflow preventers, pressure regulators, mixing and relief valves, leak-detection systems, commercial washroom and emergency-safety equipment, boilers and water heaters, radiant heating controls, gas connectors, drainage and water-reuse systems, and water filtration, monitoring, conditioning, and scale prevention.
Operates through Americas, Europe, and APMEA segments, with the Americas generating most sales. Integrated manufacturing and smart monitoring and control capabilities support sales through plumbing and heating wholesalers, OEMs, specialty distributors, dealers, and retailers. Recent acquisitions expanded boilers, emergency safety, drainage, and water quality.
Most revenue comes from product sales, wholesale distribution is the primary channel, and a majority of products are subject to plumbing, building, water-quality, and energy-efficiency standards.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 7, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $323 | Target: $374 |
| Aug 7, 2026 | Robert W. Baird | Target | Target: $330 | Target: $405 |
| Aug 7, 2026 | RBC Capital | Reiterate | Rating: —Target: $350 | Target: $417 |
| Aug 7, 2026 | Barclays | Reiterate | Rating: —Target: $414 | Target: $425 |
| Aug 6, 2026 | KeyBanc | Reiterate | Rating: —Target: $380 | Target: $400 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 28, 2026Cash & short-term investments $347.9M · Total debt $108.0M · Total assets $2.95B · Shareholders' equity $2.19B
- Revenue
- $763.2M
- Operating income
- $154.0M
- Net income
- $118.3M
HistoryDividendAnnual yield
| Institutions | ≈ 80.61% | 26.91M shares | |
|---|---|---|---|
| 587 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 18.65% | 6.23M shares | |
| 19 holders · as of Sep 8, 2026 | |||
| Other | ≈ 0.74% | 246.2K shares | |
| remainder | |||
33.38M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Timothy P. Horne1Insider10 percent owner | 17.67% | 5.90M A | filed Aug 21, 2026 |
BlackRock, Inc.Institution | 8.45% | 2.82M A | as of Jun 30, 2026 |
Kayne Anderson Rudnick Investment Management LLCInstitution | 5.94% | 1.98M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.48% | 1.50M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.70% | 1.24M A | as of Jun 30, 2026 |
- Timothy P. Horne's transaction reports restate only vehicles that traded; the 2026 ownership statement (5.90M) less the 3.7K net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | Elie Melhem | officer: President- APAC, M. East, Afr. | −1,096 | $359.55 |
| Sep 1, 2026 | Joseph T. Noonan | director | −3,650 | $353.72 |
| May 28, 2026 | Michael J. Dubose | director | −398 | $309.63 |
| May 13, 2026 | Elie Melhem | officer: President- APAC, M. East, Afr. | −2,257 | $301.00 |
| Mar 19, 2026 | Elie Melhem | officer: President- APAC, M. East, Afr. | −372 | $292.13 |
- Zurn Elkay Water Solutions
Pure-play rival across backflow, pressure, drainage, and washroom.
- A. O. Smith
Directly contests Watts AERCO and PVI in commercial boilers and water heaters.
- Pentair
Overlaps in water filtration, flow control, and residential water treatment.
- Mueller Water Products
Competes on iron gate valves and pressure management in water infrastructure.
- Xylem
Applied Water segment overlaps in hydronic heating and building water systems.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Watts Water Technologies | $353.48 | +0.81% | $11.71B | 30.6 | 26.5 | 4.4 | +18.6% |
| Zurn Elkay Water Solutions | $46.80 | +1.29% | $7.66B | 28.5 | 24.0 | 4.4 | +10.5% |
| A. O. Smith | $57.80 | +1.47% | $7.89B | 15.9 | 14.8 | 2.1 | −0.7% |
| Pentair | $55.91 | +0.23% | $8.90B | 14.0 | 11.5 | 2.2 | −17.0% |
| Mueller Water Products | $22.08 | +0.75% | $3.43B | 15.5 | 14.2 | 2.3 | +4.1% |
| Xylem | $107.16 | −0.07% | $25.04B | 25.5 | 18.2 | 2.7 | +1.5% |
| Median | 15.9 | 14.8 | 2.3 | +1.5% |