WTS - Watts Water Technologies Inc Stock Price, Fair Value and News

214.87USD-0.17 (-0.08%)Delayed

Market Summary

USD214.87-0.17

Delayed

-0.08%

WTS Stock Price

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WTS RSI Chart

WTS Valuation

Market Cap

7.2B

Price/Earnings (Trailing)

26.58

Price/Sales (Trailing)

3.33

EV/EBITDA

17.96

Price/Free Cashflow

24.89

WTS Price/Sales (Trailing)

WTS Profitability

EBT Margin

16.76%

Return on Equity

17.4%

Return on Assets

11.58%

Free Cashflow Yield

4.02%

WTS Fundamentals

WTS Revenue

Revenue (TTM)

2.2B

Rev. Growth (Yr)

21.03%

Rev. Growth (Qtr)

4.27%

WTS Earnings

Earnings (TTM)

270.0M

Earnings Growth (Yr)

12.21%

Earnings Growth (Qtr)

30.34%

Breaking Down WTS Revenue

Last 7 days

0.9%

Last 30 days

8.5%

Last 90 days

8.5%

Trailing 12 Months

28.7%

How does WTS drawdown profile look like?

WTS Financial Health

Current Ratio

2.48

Debt/Equity

0.18

Debt/Cashflow

1.14

WTS Investor Care

Dividend Yield

0.67%

Dividend/Share (TTM)

1.44

Diluted EPS (TTM)

8.06

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	2.2B	0	0	0
2023	2.0B	2.0B	2.0B	2.1B
2022	1.9B	1.9B	2.0B	2.0B
2021	1.5B	1.7B	1.7B	1.8B
2020	1.6B	1.5B	1.5B	1.5B
2019	1.6B	1.6B	1.6B	1.6B
2018	1.5B	1.5B	1.5B	1.6B
2017	1.4B	1.4B	1.4B	1.5B
2016	1.5B	1.4B	1.4B	1.4B
2015	1.5B	1.5B	1.5B	1.5B
2014	1.5B	1.5B	1.5B	1.5B
2013	1.4B	1.4B	1.5B	1.5B
2012	1.5B	1.4B	1.4B	1.4B
2011	1.3B	1.3B	1.4B	1.4B
2010	1.3B	1.3B	1.3B	1.3B
2009	0	1.4B	1.3B	1.2B
2008	0	0	0	1.4B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Watts Water Technologies Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 15, 2024	halloran virginia a	sold	-285,362	202	-1,407	chief accounting officer
Mar 15, 2024	pagano robert j jr	sold (taxes)	-1,213,630	204	-5,948	president and ceo
Mar 15, 2024	patel shashank	sold (taxes)	-283,820	204	-1,391	chief financial officer
Mar 15, 2024	barry monica	acquired	74,432	163	456	chief hr officer
Mar 15, 2024	barry monica	sold (taxes)	-38,563	204	-189	chief hr officer
Mar 15, 2024	halloran virginia a	acquired	44,561	163	273	chief accounting officer
Mar 15, 2024	pagano robert j jr	acquired	1,015,780	163	6,223	president and ceo
Mar 15, 2024	lepage kenneth robert	acquired	244,192	163	1,496	general counsel
Mar 15, 2024	halloran virginia a	sold (taxes)	-29,993	204	-147	chief accounting officer
Mar 15, 2024	melhem elie	sold (taxes)	-184,860	204	-906	president- apac, m. east, afr.

Which funds bought or sold WTS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	SkyView Investment Advisors, LLC	new	-	1,041,000	1,041,000	0.19%
May 16, 2024	Tidal Investments LLC	reduced	-27.65	-114,446	322,651	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-65.87	-2,176,620	1,162,650	-%
May 16, 2024	COMERICA BANK	reduced	-2.01	-1,138	3,681,300	0.02%
May 16, 2024	B. Riley Wealth Advisors, Inc.	added	64.26	75,241	282,785	0.01%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.05	-188,692	5,830,460	0.01%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-31.54	-350,396	811,516	0.02%
May 15, 2024	Anchor Investment Management, LLC	new	-	8,502	8,502	-%
May 15, 2024	Integrated Wealth Concepts LLC	reduced	-0.3	4,788	283,755	-%
May 15, 2024	ALGERT GLOBAL LLC	added	59.92	2,608,000	6,739,000	0.26%

Are Funds Buying or Selling WTS?

Are funds buying WTS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own WTS

No. of Funds

Unveiling Watts Water Technologies Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.63%	3,182,625	SC 13G/A
Feb 13, 2024	kayne anderson rudnick investment management llc	7.34%	2,007,563	SC 13G/A
Feb 06, 2024	horne timothy p	17.9%	5,953,290	SC 13G/A
Jan 23, 2024	blackrock inc.	14.0%	3,826,722	SC 13G/A
Jan 18, 2024	impax asset management group plc	5.15%	1,408,170	SC 13G
Feb 14, 2023	kayne anderson rudnick investment management llc	7.67%	2,091,713	SC 13G/A
Feb 13, 2023	impax asset management group plc	6.23%	1,699,428	SC 13G
Feb 09, 2023	vanguard group inc	10.88%	2,967,785	SC 13G/A
Feb 07, 2023	horne timothy p	18.0%	5,988,290	SC 13G/A
Jan 24, 2023	blackrock inc.	15.7%	4,286,847	SC 13G/A

Recent SEC filings of Watts Water Technologies Inc

View All Filings

Date Filed	Form Type	Document
May 16, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	S-3ASR	S-3ASR
May 08, 2024	8-K	Current Report
Apr 01, 2024	ARS	ARS
Apr 01, 2024	DEF 14A	DEF 14A
Apr 01, 2024	DEFA14A	DEFA14A
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading

Peers (Alternatives to Watts Water Technologies Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	176.0B	67.0B	-0.57%	65.92%	15.65	2.63	8.59%	58.17%
GE	175.0B	69.5B	2.71%	53.73%	49.85	2.52	16.04%	-60.91%
CMI	39.1B	34.0B	-1.97%	33.06%	18.95	1.15	12.85%	-19.64%
AME	38.6B	6.7B	-6.32%	12.86%	29.28	5.73	7.11%	10.53%
ACM	12.2B	15.3B	-3.16%	12.28%	-885.03	0.79	13.36%	-103.70%
MID-CAP
APG	9.8B	6.9B	-3.29%	52.06%	57.15	1.42	3.19%	62.26%
FLR	6.6B	15.5B	-3.16%	34.99%	21.56	0.42	7.53%	3145.00%
FLS	6.5B	4.4B	8.65%	40.81%	27.89	1.48	17.31%	1.26%
ACA	4.2B	2.4B	12.71%	24.81%	29.5	1.79	4.48%	-49.27%
ALG	2.3B	1.7B	-5.99%	7.81%	17.35	1.37	8.96%	15.52%
SMALL-CAP
AMRC	1.4B	1.4B	46.91%	-37.28%	24.47	1.02	-13.54%	-25.70%
AGX	872.9M	573.3M	9.79%	57.95%	26.98	1.52	26.00%	-2.24%
NKLA	732.5M	35.8M	-15.62%	-26.90%	-0.78	20.44	-27.93%	-18.06%
AMSC	430.6M	135.4M	17.93%	212.03%	-26.25	3.18	-25.90%	65.37%
ADES	247.8M	100.1M	1.25%	441.48%	-30.37	2.47	2.80%	39.07%

Watts Water Technologies Inc News

Latest updates

Watts Water Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	4.3%	571	548	504	533	472	502	488	527	463	474	455	467	413	403	384	339	383	400	395	417	389
Gross Profit	4.7%	268	256	234	253	218	219	218	239	199	199	194	200	174	169	159	135	163	170	169	175	164
S&GA Expenses	-2.0%	170	173	147	151	134	147	136	142	126	136	128	130	114	115	107	98.00	115	121	120	119	116
EBITDA Margin	-1.1%	0.19*	0.19*	0.18*	0.18*	0.18*	0.17*	0.17*	0.17*	0.15*	0.15*	0.15*	0.15*	0.15*	0.14*	0.14*	0.14*	0.14*	0.14*	0.14*	0.14*	0.14*
Interest Expenses	10.5%	4.00	4.00	1.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	2.00	2.00	3.00	3.00	4.00	3.00	3.00	4.00	4.00	4.00
Income Taxes	4.6%	23.00	22.00	22.00	25.00	19.00	-3.90	20.00	25.00	15.00	21.00	17.00	14.00	16.00	22.00	11.00	7.00	13.00	12.00	14.00	14.00	12.00
Earnings Before Taxes	23.2%	95.00	77.00	88.00	101	84.00	65.00	79.00	94.00	70.00	61.00	64.00	52.00	58.00	51.00	44.00	28.00	45.00	44.00	46.00	51.00	43.00
EBT Margin	-1.4%	0.17*	0.17*	0.17*	0.16*	0.16*	0.16*	0.16*	0.15*	0.13*	0.13*	0.13*	0.12*	0.12*	0.11*	0.11*	0.11*	0.12*	0.11*	0.11*	0.11*	0.11*
Net Income	30.3%	73.00	56.00	66.00	76.00	65.00	69.00	59.00	70.00	55.00	40.00	46.00	38.00	42.00	29.00	33.00	20.00	32.00	32.00	32.00	36.00	31.00
Net Income Margin	-1.7%	0.13*	0.13*	0.14*	0.13*	0.13*	0.13*	0.11*	0.11*	0.10*	0.09*	0.09*	0.08*	0.08*	0.08*	0.08*	0.08*	0.08*	0.08*	0.08*	0.08*	0.08*
Free Cashflow	-64.2%	36.00	99.00	93.00	61.00	28.00	130	34.00	39.00	-7.60	39.00	55.00	31.00	29.00	91.00	70.00	33.00	-9.80	89.00	71.00	37.00	-31.10

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.0%	2,332	2,309	2,018	2,004	1,990	1,931	1,886	1,934	1,903	1,856	1,863	1,855	1,784	1,738	1,709	1,648	1,767	1,723	1,696	1,678	1,683
Current Assets	-4.8%	1,010	1,061	1,042	1,023	1,014	951	937	968	920	862	863	844	775	710	700	668	791	735	714	728	730
Cash Equivalents	-32.3%	237	350	363	292	312	311	220	230	227	242	239	240	225	219	188	149	245	220	174	167	170
Inventory	6.1%	424	399	386	422	401	376	423	432	402	371	353	314	279	264	273	284	280	270	279	283	294
Net PPE	2.7%	255	248	194	196	196	197	189	194	197	201	204	207	206	212	211	207	202	200	196	201	200
Goodwill	4.5%	724	693	591	1.00	594	592	583	591	598	601	597	599	597	602	589	580	576	581	577	-	-
Current Liabilities	0.4%	407	406	380	405	396	379	379	421	405	409	418	396	345	313	295	279	379	419	397	392	322
Long Term Debt	-5.0%	284	298	98.00	98.00	148	148	182	202	202	142	152	192	199	198	248	263	297	204	239	239	341
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83.00	105	105	105	30.00
LT Debt, Non Current	-100.0%	-	298	98.00	98.00	148	148	182	202	202	142	152	192	199	198	248	263	297	204	239	239	341
Shareholder's Equity	2.5%	1,552	1,513	1,452	1,414	1,346	1,301	1,208	1,187	1,163	1,173	1,150	1,118	1,081	1,070	1,025	985	968	978	942	934	905
Retained Earnings	4.5%	1,023	979	940	890	832	795	741	697	656	666	639	606	581	560	543	521	516	514	495	476	452
Additional Paid-In Capital	0.9%	681	674	669	664	658	652	647	642	637	631	625	618	611	606	602	599	597	592	586	581	577
Accumulated Depreciation	0.0%	429	429	416	416	407	399	389	401	407	408	409	405	396	396	385	370	359	358	346	347	340
Shares Outstanding	0%	33.00	33.00	33.00	33.00	33.00	34.00	33.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00	34.00
Float	-	-	-	-	4,758	-	-	-	3,368	-	-	-	3,885	-	-	-	2,137	-	-	-	2,562	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-58.5%	45,600	109,900	100,400	67,100	33,400	137,700	41,400	46,900	-2,000	45,900	61,700	39,300	33,900	101,400	80,100	48,200	-900	99,100	75,200	43,900	-24,200
Share Based Compensation	-29.8%	4,000	5,700	5,000	5,500	4,000	5,200	5,000	4,900	3,300	6,100	6,900	7,000	2,900	3,900	3,400	1,800	3,600	4,500	4,600	4,100	4,600
Cashflow From Investing	64.8%	-109,800	-312,000	-7,800	-18,200	-5,100	-3,600	-7,000	-6,700	-5,600	-16,000	-6,600	-6,100	-2,000	-15,700	-16,800	-14,800	-7,500	-10,100	-47,400	-7,400	-6,900
Cashflow From Financing	-124.4%	-44,600	182,800	-16,900	-67,900	-29,000	-53,000	-35,000	-29,000	-4,700	-23,300	-53,600	-20,500	-21,200	-62,400	-26,600	-132,000	39,100	-46,600	-16,500	-40,500	-2,000
Buy Backs	-7.0%	4,000	4,300	4,000	4,000	3,700	4,350	3,900	18,200	42,900	4,200	4,000	4,000	3,800	4,100	3,700	6,400	14,700	4,700	4,500	4,700	5,600

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WTS Income Statement

2024-03-31

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 26, 2023
Consolidated Statements of Operations
Net sales	$ 570.9	$ 471.7
Cost of goods sold	303.4	253.6
GROSS PROFIT	267.5	218.1
Selling, general and administrative expenses	169.6	133.7
Restructuring	1.2	(0.3)
OPERATING INCOME	96.7	84.7
Other (income) expense:
Interest income	(2.1)	(0.4)
Interest expense	4.2	1.5
Other (income) expense, net	(0.6)	0.1
Total other expense	1.5	1.2
INCOME BEFORE INCOME TAXES	95.2	83.5
Provision for income taxes	22.6	18.8
NET INCOME	$ 72.6	$ 64.7
Basic EPS
NET INCOME PER SHARE	$ 2.17	$ 1.94
Weighted average number of shares	33.4	33.4
Diluted EPS
NET INCOME PER SHARE	$ 2.17	$ 1.93
Weighted average number of shares	33.5	33.5
Dividends declared per share	$ 0.36	$ 0.30

WTS Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 237.1	$ 350.1
Trade accounts receivable, less reserve allowances of $13.0 million at March 31, 2024 and $11.9 million at December 31, 2023	305.7	259.8
Inventories, net:
Raw materials	151.9	150.6
Work in process	21.3	20.2
Finished goods	250.4	228.5
Total Inventories	423.6	399.3
Prepaid expenses and other current assets	43.6	51.8
Total Current Assets	1,010.0	1,061.0
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, at cost	683.8	677.2
Accumulated depreciation	(428.8)	(429.0)
Property, plant and equipment, net	255.0	248.2
OTHER ASSETS:
Goodwill	724.3	693.0
Intangible assets, net	250.9	216.1
Deferred income taxes	21.6	23.6
Other, net	70.6	67.5
TOTAL ASSETS	2,332.4	2,309.4
CURRENT LIABILITIES:
Accounts payable	162.6	131.8
Accrued expenses and other liabilities	186.6	190.3
Accrued compensation and benefits	58.1	83.7
Total Current Liabilities	407.3	405.8
LONG-TERM DEBT	283.5	298.3
DEFERRED INCOME TAXES	12.6	13.5
OTHER NONCURRENT LIABILITIES	77.2	78.5
STOCKHOLDERS' EQUITY:
Preferred Stock, $0.10 par value; 5,000,000 shares authorized; no shares issued or outstanding
Additional paid-in capital	680.6	674.3
Retained earnings	1,022.8	979.1
Accumulated other comprehensive loss	(154.9)	(143.4)
Total Stockholders' Equity	1,551.8	1,513.3
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	2,332.4	2,309.4
Class A
STOCKHOLDERS' EQUITY:
Common Stock	2.7	2.7
Class B
STOCKHOLDERS' EQUITY:
Common Stock	$ 0.6	$ 0.6

About Watts Water Technologies Inc

Watts Water Technologies, Inc. supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control and protection products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, thermostatic mixing valves, and leak detection and protection products for plumbing and hot water applications. It also provides heating, ventilation, and air conditioning and gas products comprising commercial boilers, and water heaters and heating 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, such as 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, marine, and residential applications. The company sells its products to plumbing, heating, and mechanical wholesale distributors and dealers, as well as original equipment manufacturers, specialty product distributors, and do-it-yourself and retail chains; and wholesalers and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.

CEO	Mr. Robert J. Pagano Jr., C.M.A., C.P.A.
WEBSITE	watts.com
INDUSTRY	Apparel Manufacturing
EMPLOYEES	4600

Watts Water Technologies Inc Frequently Asked Questions

What is the ticker symbol for Watts Water Technologies Inc? What does WTS stand for in stocks?

WTS is the stock ticker symbol of Watts Water Technologies Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Watts Water Technologies Inc (WTS)?

As of Fri May 17 2024, market cap of Watts Water Technologies Inc is 7.18 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WTS stock?

You can check WTS's fair value in chart for subscribers.

What is the fair value of WTS stock?

You can check WTS's fair value in chart for subscribers. The fair value of Watts Water Technologies Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Watts Water Technologies Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WTS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Watts Water Technologies Inc a good stock to buy?

The fair value guage provides a quick view whether WTS is over valued or under valued. Whether Watts Water Technologies Inc is cheap or expensive depends on the assumptions which impact Watts Water Technologies Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WTS.

What is Watts Water Technologies Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, WTS's PE ratio (Price to Earnings) is 26.58 and Price to Sales (PS) ratio is 3.33. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WTS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Watts Water Technologies Inc's stock?

In the past 10 years, Watts Water Technologies Inc has provided 0.16 (multiply by 100 for percentage) rate of return.