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Watts Water Technologies, Inc. - WTS STOCK NEWS

Welcome to our dedicated page for Watts Water Technologies news (Ticker: WTS), a resource for investors and traders seeking the latest updates and insights on Watts Water Technologies stock.

Watts Water Technologies, Inc. Class A (symbol: WTS) is a leading U.S.-based company that specializes in providing products and solutions promoting safety, energy efficiency, and water conservation. With a family of companies under its wing, Watts Water Technologies has a legacy of designing and manufacturing valves and related products that enhance comfort and safety while maintaining high standards of water quality, conservation, and control. These products serve a broad range of applications, from commercial and residential to industrial and municipal sectors.

The company's diverse product portfolio includes:

  • Residential and Commercial Flow Control Products: These are essential for plumbing and hot water applications.
  • HVAC and Gas Products: This category features commercial boilers, water heaters, heating solutions, and comprehensive heating systems.
  • Drainage and Water Reuse Products: Watts offers innovative drainage products and engineered rainwater-harvesting solutions to promote sustainable water usage.
  • Water Quality Products: These products ensure clean water through point-of-use and point-of-entry filtration, conditioning, and scale prevention systems.

Watts Water Technologies generates the majority of its revenue from markets in the Americas, with significant contributions from Europe, the Middle East, and Africa. The company's commitment to innovation and quality has established it as a key player in the water technologies sector.

Recent achievements and current projects include the development of advanced water conservation technologies, strategic partnerships to expand market reach, and ongoing efforts to enhance product efficiency and environmental sustainability. The company is continually exploring new ways to improve the quality and efficiency of water use worldwide.

Watts Water Technologies remains financially robust, consistently delivering strong revenue and profit margins. Its strategic initiatives and solid market performance make it a significant entity for investors seeking stability and growth in the water technology and safety solutions industry.

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Watts Water Technologies, Inc. (NYSE: WTS) has entered into a definitive agreement to acquire Josam Company, a leading provider of drainage and plumbing products. Josam's annualized sales are approximately $35 million. The acquisition is expected to drive growth and provide increased cross-selling opportunities for Watts. The transaction is subject to customary closing conditions and is expected to close in January 2024.
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Watts Water Technologies, Inc. (WTS) has been named one of America’s Most Responsible Companies for the fifth consecutive year. The company is recognized as one of the Top 600 most responsible companies from 2,000 of the largest U.S. firms, spanning 14 industries. Honorees were selected based on a detailed analysis of publicly available key performance indicators derived from corporate social responsibility and sustainability reports, as well as an independent survey of more than 17,000 U.S. residents. Watts' CEO, Robert J. Pagano, Jr., expressed pride in the company's ongoing commitment to corporate social responsibility and acknowledged its progress and continuing evolution as a global leader in sustainability.
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Watts Water Technologies, Inc. (NYSE: WTS) has been named one of the Top Places to Work in Massachusetts in the 15th annual employee-based survey from The Boston Globe. The survey measures employee opinions to recognize the most admired workplaces in the state.
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Watts Water Technologies, Inc. reported sales of $504 million, a 3% increase from the previous year. The company achieved a reported operating margin of 17.3% and an adjusted operating margin of 18.0%. Reported EPS was $1.96, up 12%, while adjusted EPS was $2.04, up 14%. The company also closed on the acquisition of Bradley Corporation and increased its full-year 2023 operating margin outlook.
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Watts Water Technologies, Inc. (NYSE: WTS) has declared a quarterly dividend of $0.36 per share on its Class A Common Stock and Class B Common Stock. The dividend will be paid on December 15, 2023, to stockholders of record on December 1, 2023. Watts Water Technologies is a global manufacturer of plumbing, heating, and water quality products.
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Watts Water Technologies completes acquisition of Bradley Corporation for $303 million.
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Watts Water Technologies to present at the 2023 Baird Global Industrial Conference
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Watts Water Technologies to hold conference call to discuss Q3 2023 results
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Watts Water Technologies named one of America’s Greenest Companies by Newsweek magazine, recognizing their environmental sustainability efforts.
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Watts Water Technologies to acquire Bradley Corporation for $303 million, enhancing diversification of water solutions portfolio and increasing exposure to commercial and industrial markets. The transaction is expected to yield meaningful strategic and financial benefits, including cost synergies and long-term growth opportunities.
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FAQ

What is the current stock price of Watts Water Technologies (WTS)?

The current stock price of Watts Water Technologies (WTS) is $215.17 as of November 22, 2024.

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

The market cap of Watts Water Technologies (WTS) is approximately 7.1B.

What does Watts Water Technologies, Inc. do?

Watts Water Technologies provides products that enhance safety, energy efficiency, and water conservation, serving commercial, residential, industrial, and municipal applications.

What types of products does Watts Water Technologies offer?

The company offers flow control products, HVAC and gas products, drainage and water reuse solutions, and water quality systems.

Where does Watts Water Technologies generate most of its revenue?

The majority of its revenue is generated from markets in the Americas, with significant contributions from Europe, the Middle East, and Africa.

What recent achievements have Watts Water Technologies made?

Recent achievements include advancements in water conservation technologies, strategic partnerships, and improvements in product efficiency and environmental sustainability.

How does Watts Water Technologies contribute to water conservation?

The company offers engineered solutions like rainwater-harvesting systems and high-efficiency water filtration and conditioning products.

What is the significance of Watts Water Technologies in the industry?

With a broad product portfolio and commitment to quality, Watts Water Technologies is a key player in promoting water safety, efficiency, and conservation.

Are Watts Water Technologies' products used globally?

Yes, their products are used worldwide, particularly in the Americas, Europe, the Middle East, and Africa.

What markets does Watts Water Technologies serve?

The company serves commercial, residential, industrial, and municipal markets.

What is unique about Watts Water Technologies' products?

Their products are designed to promote comfort and safety while ensuring high standards of water quality, conservation, and control.

How has Watts Water Technologies maintained financial stability?

By consistently delivering strong revenue and profit margins through strategic initiatives and market performance.

Watts Water Technologies, Inc.

NYSE:WTS

WTS Rankings

WTS Stock Data

7.10B
27.08M
1.03%
100.51%
2.53%
Specialty Industrial Machinery
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United States of America
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