Announcement • Jul 09
Watts Water Technologies, Inc. to Report Q2, 2026 Results on Aug 05, 2026 Watts Water Technologies, Inc. announced that they will report Q2, 2026 results After-Market on Aug 05, 2026 Declared Dividend • May 20
First quarter dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 1st June 2026 Payment date: 15th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • May 20
President of Asia-Pacific recently sold €580k worth of stock On the 13th of May, Elie Melhem sold around 2k shares on-market at roughly €257 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €14m more than they bought in the last 12 months. Announcement • May 06
Watts Water Technologies, Inc. Declares Quarterly Dividend on Class A Common Stock and Class B Common Stock, Payable on June 15, 2026 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of Sixty-three cents ($0.63) per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on June 15, 2026 to stockholders of record at the close of business on June 1, 2026. Announcement • Apr 09
Watts Water Technologies, Inc. to Report Q1, 2026 Results on May 06, 2026 Watts Water Technologies, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Announcement • Apr 02
Watts Water Technologies, Inc., Annual General Meeting, May 19, 2026 Watts Water Technologies, Inc., Annual General Meeting, May 19, 2026. Location: 815 chestnut street, north andover, massachusetts 01845, United States Announcement • Feb 12
Watts Water Technologies, Inc. Provides Earnings Guidance for Full Year 2026 Watts Water Technologies, Inc. provided earnings guidance for full year 2026. For the year, the company anticipates net sales growth to range from up 8% to up 12% on a reported basis. Announcement • Feb 10
Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on March 13, 2026 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of fifty-two cents ($0.52) per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on March 13, 2026 to stockholders of record on February 27, 2026. Announcement • Jan 15
Watts Water Technologies, Inc. to Report Q4, 2025 Results on Feb 11, 2026 Watts Water Technologies, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 11, 2026 Announcement • Dec 02
Watts Water Technologies, Inc. (NYSE:WTS) acquired Saudi Cast. Watts Water Technologies, Inc. (NYSE:WTS) acquired Saudi Cast on December 1, 2025. The acquisition was funded with cash on hand.
Saudi Cast has annualized sales of approximately $20 million.
Watts Water Technologies, Inc. (NYSE:WTS) completed the acquisition of Saudi Cast on December 1, 2025. Announcement • Nov 18
Watts Water Technologies, Inc. (NYSE: WTS) acquired Superior Boiler, Inc. Watts Water Technologies, Inc. (NYSE: WTS) acquired Superior Boiler, Inc. on November 17, 2025. The acquisition was funded with cash on hand. Superior Boiler has annualized sales of approximately $60 million.
Watts Water Technologies, Inc. (NYSE: WTS) completed the acquisition of Superior Boiler, Inc. on November 17, 2025. Announcement • Nov 17
Watts Water Technologies, Inc. Announces CFO Changes Watts Water Technologies, Inc. announced that Ryan Lada, Chief Financial Officer, is leaving the Company to pursue a new opportunity. Diane McClintock has been appointed as Chief Financial Officer of the Company, effective immediately. Ms. McClintock has been with Watts since 2010, most recently serving as Senior Vice President of FP&A and Investor Relations. She brings a wealth of financial and accounting expertise, as well as business familiarity to the role, providing financial, operational and strategic continuity. Diane McClintock originally joined Watts in 2010 and most recently served as Senior Vice President of FP&A and Investor Relations. Her prior responsibilities included external communications with investors and analysts, acquisition valuation, due diligence and integration, financial planning and analysis, and treasury. Prior to Watts, Ms. McClintock was Chief Accounting Officer and Treasurer at AutoImmune, Inc.; Director, Transaction Services Practice at PwC; and Audit Manager at EY. She holds a B.A. in Accounting from the University of New Hampshire. Mr. Lada’s departure is for personal reasons and not the result of any matters relating to the Company’s business, accounting practices or financial statements. Announcement • Nov 11
Watts Water Technologies Elects Suzanne L. Stefany to Its Board of Directors Watts Water Technologies, Inc. announced the election of Suzanne L. Stefany as a member of the Board of Directors. Ms. Stefany was also appointed by the Board to serve as a member of the Governance and Sustainability Committee and Compensation Committee of the Board of Directors. Ms. Stefany has served as Senior Advisor to PJT Partners since October 2024 and previously served as a Partner of PJT Partners from 2017 to October 2024. Prior to joining PJT Partners, Ms. Stefany was a Managing Director and Global Industry Analyst with Wellington Management Company. Ms. Stefany has served as a director of AMETEK Inc. since 2022. Ms. Stefany also served as a director of JELD-WEN Holding Inc. from 2017 until April 2024. Announcement • Nov 06
Watts Water Technologies, Inc. Revises Earnings Guidance for the Year 2025 Watts Water Technologies, Inc. revised earnings guidance for the year 2025. The company is increasing its full year sales and organic sales growth outlook as well as its operating margin and adjusted operating margin outlook. Reported sales are expected to increase between 7% to 8% and organic sales to increase between 4% and 5%. The full year outlook incorporates estimated tariff impacts and actions as of November 5, 2025, and the impact of the Haws acquisition. Operating margin is expected to be 18.1% to 18.2%. Announcement • Nov 04
Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on December 15, 2025 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of fifty-two cents ($0.52) per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on December 15, 2025 to stockholders of record at the close of business on December 1, 2025. Announcement • Oct 16
Watts Water Technologies, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Watts Water Technologies, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Announcement • Aug 07
Watts Water Technologies, Inc. Revises Unaudited Earnings Guidance for Full Year 2025 Watts Water Technologies, Inc. revised unaudited earnings guidance for full year 2025. For the year, the company expects reported sales increase between 2% to 5% and organic sales growth to range from flat to up 3%. Full year operating margin is expected to be between 17.2% and 17.8%, or down 10 to up 50 basis points. The full year outlook incorporates estimated tariff impact and actions as of August 6, 2025. Announcement • Aug 06
Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on September 15, 2025 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of fifty-two cents ($0.52) per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on September 15, 2025 to stockholders of record at the close of business on August 29, 2025. Announcement • Jul 16
Watts Water Technologies, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Watts Water Technologies, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • Jul 14
Watts Water Technologies, Inc. Announces Chief Financial Officer Changes Watts Water Technologies, Inc. announced that Ryan Lada has been appointed as Chief Financial Officer, effective July 28, 2025. Mr. Lada succeeds current Chief Financial Officer Shashank Patel, who previously announced his intent to retire in October 2024. Mr. Lada joins Watts from The AZEK Company, where he most recently served as Senior Vice President, Chief Financial Officer and Treasurer and was responsible for overseeing AZEK’s enterprise-wide financial operations, overall financial and capital allocation strategy, and investor relations efforts. Mr. Lada departed AZEK on July 11, 2025 following its acquisition by James Hardie Industries. Mr. Lada previously held the role of Vice President of Corporate Finance and Chief Financial Officer of AZEK’s Residential and Commercial segments. Before joining AZEK, he held several senior finance roles of increasing responsibility with Cantel Medical Corporation, including Vice President of Investor Relations and Treasury, Chief Financial Officer of the Global Medical Division and Chief Financial Officer for the Europe, Middle East and Africa region. Earlier in his career, Mr. Lada held financial leadership positions at General Electric Company, IDEX Corporation and Medtronic, Inc., building a strong foundation in public company operational finance, corporate development, and global financial planning. Mr. Lada earned a Six Sigma Black Belt certification in finance while at GE and holds a Bachelor of Science degree in Finance from The Black School of Business at Pennsylvania State University. Announcement • May 08
Watts Water Technologies, Inc. Provides Earnings Guidance for the Full Year 2025 Watts Water Technologies, Inc. provided earnings guidance for the full year 2025. For the period, the Company is maintaining its previous full year organic sales and midpoint of adjusted operating margin outlook. Reported sales are expected to range between -2% to +3% and organic sales to range from -3% to +2%. Full year operating margin is expected to be between 16.7% and 17.3%, or down 60 basis points to flat, and adjusted operating margin is expected to be between 17.7% and 18.3%, or flat to up 60 basis points. Announcement • May 06
Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on June 13, 2025 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of $0.52 per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on June 13, 2025 to stockholders of record at the close of business on May 30, 2025. Announcement • Apr 17
Watts Water Technologies, Inc. to Report Q1, 2025 Results on May 07, 2025 Watts Water Technologies, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Apr 03
Watts Water Technologies, Inc., Annual General Meeting, May 21, 2025 Watts Water Technologies, Inc., Annual General Meeting, May 21, 2025. Location: 815 chestnut street, north andover, massachusetts 01845, United States Announcement • Feb 11
Watts Water Technologies, Inc. Provides Earnings Guidance for the Full Year 2025 Watts Water Technologies, Inc. Provided Earnings Guidance for the Full Year 2025. For the period, the company expects sales growth to range from down 3% to up 2% on a reported and organic basis. Announcement • Feb 04
Watts Water Technologies, Inc. Declares Quarterly Dividend of the Class A Common Stock and Class B Common Stock, Payable on March 14, 2025 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of forty-three cents ($0.43) per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on March 14, 2025 to stockholders of record at the close of business on February 28, 2025. Announcement • Jan 07
Watts Water Technologies, Inc. (NYSE:WTS) acquired I-Con Systems, Inc. Watts Water Technologies, Inc. (NYSE:WTS) acquired I-Con Systems, Inc. on January 6, 2025. The acquisition was funded with cash on hand.
Watts Water Technologies, Inc. (NYSE:WTS) completed the acquisition of I-Con Systems, Inc. on January 6, 2025. New Risk • Nov 05
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €951k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Nov 05
General Counsel recently sold €613k worth of stock On the 4th of November, Kenneth Lepage sold around 3k shares on-market at roughly €179 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.7m more than they bought in the last 12 months. Declared Dividend • Nov 03
Third quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$2.06 (vs US$1.97 in 3Q 2023) Third quarter 2024 results: EPS: US$2.06 (up from US$1.97 in 3Q 2023). Revenue: US$543.6m (up 7.8% from 3Q 2023). Net income: US$69.1m (up 5.0% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Oct 29
Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on December 13, 2024 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of forty-three cents ($0.43) per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on December 13, 2024 to stockholders of record at the close of business on November 29, 2024. Announcement • Oct 11
Watts Water Technologies, Inc. to Report Q3, 2024 Results on Oct 30, 2024 Watts Water Technologies, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Upcoming Dividend • Aug 26
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.5%). Declared Dividend • Aug 12
Second quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 30th August 2024 Payment date: 13th September 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$2.45 (vs US$2.27 in 2Q 2023) Second quarter 2024 results: EPS: US$2.45 (up from US$2.27 in 2Q 2023). Revenue: US$597.3m (up 12% from 2Q 2023). Net income: US$82.0m (up 8.0% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on September 13, 2024 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of $0.43 per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on September 13, 2024 to stockholders of record at the close of business on August 30, 2024. Announcement • Jul 18
Watts Water Technologies, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Watts Water Technologies, Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Buy Or Sell Opportunity • Jul 01
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.9% to €172. The fair value is estimated to be €230, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. Buy Or Sell Opportunity • Jun 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.6% to €171. The fair value is estimated to be €215, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. Upcoming Dividend • May 27
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.4%). Recent Insider Transactions • May 22
President of Asia-Pacific recently sold €407k worth of stock On the 20th of May, Elie Melhem sold around 2k shares on-market at roughly €198 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.8m. Insiders have been net sellers, collectively disposing of €6.8m more than they bought in the last 12 months. Declared Dividend • May 12
First quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.1% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 10
Watts Water Technologies, Inc. Provides Earnings Guidance for the Year 2024 Watts Water Technologies, Inc. provided earnings guidance for the year 2024. For the quarter, the company expects organic sales growth is now expected to range from negative 4% to positive 1%, raising the midpoint by 50 basis points. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$2.17 (vs US$1.94 in 1Q 2023) First quarter 2024 results: EPS: US$2.17 (up from US$1.94 in 1Q 2023). Revenue: US$570.9m (up 21% from 1Q 2023). Net income: US$72.6m (up 12% from 1Q 2023). Profit margin: 13% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on June 14, 2024 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of 43 cents ($0.43) per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on June 14, 2024 to stockholders of record at the close of business on May 31, 2024. Announcement • Apr 19
Watts Water Technologies, Inc. to Report Q1, 2024 Results on May 08, 2024 Watts Water Technologies, Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024 Announcement • Mar 14
Watts Water Technologies, Inc. Elects Kenneth Napolitano to Its Board of Directors Watts Water Technologies, Inc. announced the election of Kenneth Napolitano as a member of the Board of Directors. Mr. Napolitano was also appointed by the Board to serve as a member of the Governance and Sustainability Committee of the Board of Directors. Mr. Napolitano served as Senior Vice President and President of the Applied Water Systems and Americas Commercial Team of Xylem, Inc. from 2017 until his retirement in 2020, and as Senior Vice President and President of Applied Water Systems at Xylem from 2011 to 2017. Xylem is a global designer, manufacturer and equipment and service provider for water and wastewater applications which spun off from ITT Corporation in 2011. Prior to the spin-off, Mr. Napolitano held several management roles at ITT from 1998 to 2011, including President of Residential and Commercial Water, President of the Industrial Products Group, Vice President of Sales and Service Operations, Americas, General Manager of PumpSmart Control Solutions and Director of Distributor Sales. Mr. Napolitano held several sales and sales management roles at Goulds Pumps, Inc. from 1984 to 1998, which was acquired by ITT in 1997. Recent Insider Transactions • Feb 28
Insider recently sold €1.8m worth of stock On the 27th of February, Timothy Horne sold around 10k shares on-market at roughly €183 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €13m more than they bought in the last 12 months. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$7.85 (vs US$7.51 in FY 2022) Full year 2023 results: EPS: US$7.85 (up from US$7.51 in FY 2022). Revenue: US$2.06b (up 3.9% from FY 2022). Net income: US$262.1m (up 4.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year. Upcoming Dividend • Feb 22
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (2.7%). Buy Or Sell Opportunity • Feb 21
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €179. The fair value is estimated to be €224, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Buy Or Sell Opportunity • Feb 21
Now 21% undervalued Over the last 90 days, the stock has risen 1.7% to €181. The fair value is estimated to be €228, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Recent Insider Transactions • Feb 16
President of Asia-Pacific recently sold €464k worth of stock On the 15th of February, Elie Melhem sold around 3k shares on-market at roughly €185 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Reported Earnings • Feb 13
Full year 2023 earnings released: EPS: US$7.85 (vs US$7.51 in FY 2022) Full year 2023 results: EPS: US$7.85 (up from US$7.51 in FY 2022). Revenue: US$2.06b (up 3.9% from FY 2022). Net income: US$262.1m (up 4.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 27% per year. Declared Dividend • Feb 12
Third quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.6%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 15%. Announcement • Feb 10
Watts Water Technologies, Inc., Annual General Meeting, May 22, 2024 Watts Water Technologies, Inc., Annual General Meeting, May 22, 2024. Announcement • Jan 19
Watts Water Technologies, Inc. to Report Q4, 2023 Results on Feb 13, 2024 Watts Water Technologies, Inc. announced that they will report Q4, 2023 results After-Market on Feb 13, 2024 Announcement • Dec 12
Watts Water Technologies, Inc. (NYSE:WTS) entered into a definitive agreement to acquire Josam Company. Watts Water Technologies, Inc. (NYSE:WTS) entered into a definitive agreement to acquire Josam Company on December 11, 2023. Additional information regarding the transaction will be discussed during the Watts fourth quarter earnings call in February 2024. The transaction is subject to customary closing conditions and is expected to close in January, 2024. As on December 11, 2023, Josam Company reported a revenue of approximately $35 million for the year ended December 31, 2022. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.36 per share at 0.7% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.0%). Buying Opportunity • Nov 08
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €214, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings is also forecast to grow by 4.9% per annum over the same time period. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$1.97 (vs US$1.76 in 3Q 2022) Third quarter 2023 results: EPS: US$1.97 (up from US$1.76 in 3Q 2022). Revenue: US$504.3m (up 3.4% from 3Q 2022). Net income: US$65.8m (up 12% from 3Q 2022). Profit margin: 13% (up from 12% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on December 15, 2023 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of 36 cents ($0.36) per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on December 15, 2023 to stockholders of record at the close of business on December 1, 2023. Announcement • Oct 18
Watts Water Technologies, Inc. to Report Q3, 2023 Results on Nov 01, 2023 Watts Water Technologies, Inc. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 Recent Insider Transactions • Sep 06
General Counsel recently sold €1.6m worth of stock On the 1st of September, Kenneth Lepage sold around 9k shares on-market at roughly €174 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €10m more than they bought in the last 12 months. Announcement • Aug 31
Watts Water Technologies, Inc. (NYSE:WTS) entered into a definitive agreement to acquire Bradley Corporation for approximately $300 million. Watts Water Technologies, Inc. (NYSE:WTS) entered into a definitive agreement to acquire Bradley Corporation for approximately $300 million on August 30, 2023. The purchase price is subject to customary adjustments. The transaction will be funded through cash on hand and the remainder from Watts’ existing revolving credit facility. Bradley has annual net sales of approximately $200 million. The transaction is subject to customary closing conditions and necessary regulatory approvals and is expected to close in the fourth quarter of 2023. The transaction is expected to be modestly accretive to Adjusted EPS in 2024. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.36 per share at 0.8% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.8%). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$2.27 (vs US$2.08 in 2Q 2022) Second quarter 2023 results: EPS: US$2.27 (up from US$2.08 in 2Q 2022). Revenue: US$532.8m (up 1.2% from 2Q 2022). Net income: US$75.9m (up 8.9% from 2Q 2022). Profit margin: 14% (in line with 2Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 32% per year. Announcement • Jul 18
Watts Water Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023 Watts Water Technologies, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2023 Recent Insider Transactions • Jun 01
Non-Employee Director recently sold €381k worth of stock On the 30th of May, Joseph Noonan sold around 2k shares on-market at roughly €153 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.3m. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Upcoming Dividend • May 24
Upcoming dividend of US$0.36 per share at 0.7% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.9%). Recent Insider Transactions • May 10
Chairman recently sold €1.4m worth of stock On the 8th of May, Robert Pagano sold around 9k shares on-market at roughly €154 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Reported Earnings • May 04
First quarter 2023 earnings released: EPS: US$1.94 (vs US$1.62 in 1Q 2022) First quarter 2023 results: EPS: US$1.94 (up from US$1.62 in 1Q 2022). Revenue: US$471.7m (up 1.8% from 1Q 2022). Net income: US$64.7m (up 19% from 1Q 2022). Profit margin: 14% (up from 12% in 1Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year. Board Change • Mar 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Non-Employee Independent Director Michael Dubose was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.30 per share at 0.7% yield Eligible shareholders must have bought the stock before 28 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 09
Full year 2022 earnings released: EPS: US$7.51 (vs US$4.90 in FY 2021) Full year 2022 results: EPS: US$7.51 (up from US$4.90 in FY 2021). Revenue: US$1.98b (up 9.4% from FY 2021). Net income: US$251.5m (up 52% from FY 2021). Profit margin: 13% (up from 9.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Feb 09
Watts Water Technologies, Inc., Annual General Meeting, May 17, 2023 Watts Water Technologies, Inc., Annual General Meeting, May 17, 2023, at 09:00 US Eastern Standard Time. Location: 815 Chestnut Street North Andover, Massachusetts Massachusetts United States Announcement • Feb 07
Watts Water Technologies, Inc. Declares Quarterly Dividend on Class A and Class B Common Stocks, Payable on March 15, 2023 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of $0.30 per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on March 15, 2023 to stockholders of record at the close of business on March 1, 2023. Announcement • Jan 19
Watts Water Technologies, Inc. to Report Q4, 2022 Results on Feb 08, 2023 Watts Water Technologies, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 08, 2023 Upcoming Dividend • Nov 23
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.7%). Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$1.76 (vs US$1.38 in 3Q 2021) Third quarter 2022 results: EPS: US$1.76 (up from US$1.38 in 3Q 2021). Revenue: US$487.8m (up 7.2% from 3Q 2021). Net income: US$58.7m (up 27% from 3Q 2021). Profit margin: 12% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year. Announcement • Nov 03
Watts Water Technologies, Inc. Provides Earnings Guidance for the Full Year 2022 Watts Water Technologies, Inc. provided earnings guidance for the full year 2022. For the period, the company expects organic revenue growth to be in the range of 11% to 12%. Announcement • Nov 02
Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on December 15, 2022 Watts Water Technologies, Inc. declared that the Corporation will pay a quarterly dividend of $0.30 per share on each outstanding share of the Company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on December 15, 2022 to stockholders of record at the close of business on December 1, 2022. Announcement • Oct 13
Watts Water Technologies, Inc. to Report Q3, 2022 Results on Nov 02, 2022 Watts Water Technologies, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 02, 2022 Buying Opportunity • Oct 11
Now 22% undervalued Over the last 90 days, the stock is up 5.0%. The fair value is estimated to be €162, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings is forecast to decline by 0.3% per annum over the same time period. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.8%). 
