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Watts Water Technologies, Inc. - WTS STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Watts Water Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Watts Water Technologies's position in the market.

Rhea-AI Summary
Watts Water Technologies, Inc. to Present at Gabelli Funds 34th Annual Symposium. The company will virtually present on February 22, 2024. Watts Water Technologies is a global manufacturer offering plumbing, heating, and water quality solutions.
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Rhea-AI Summary
Watts Water Technologies, Inc. reported strong financial results for the fourth quarter and full year 2023, with record sales, operating margin, and adjusted earnings per share. The company acquired Josam Company and Bradley Corporation, expanding its market reach. Despite global economic challenges, Watts Water Technologies remains confident in its ability to navigate the evolving market conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.71%
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earnings
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Rhea-AI Summary
Watts Water Technologies, Inc. (WTS) has announced a quarterly dividend of $0.36 per share for both Class A and Class B Common Stock, payable on March 15, 2024, to stockholders of record as of March 1, 2024. The company is a global manufacturer providing plumbing, heating, and water quality solutions for commercial, residential, and industrial applications.
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End-of-Day
2.73%
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dividends
Rhea-AI Summary
Watts Water Technologies, Inc. (WTS) announced the election of Rebecca J. Boll as a member of the Board of Directors. Ms. Boll brings leadership experience with digital businesses and technology development, which are key to Watts' smart and connected strategy. Watts Water Technologies provides a broad range of plumbing, heating, and water quality products globally.
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End-of-Day
2.73%
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management
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Rhea-AI Summary
Watts Water Technologies, Inc. (WTS) will discuss Fourth Quarter and Full Year 2023 results in a live webcast on February 13, 2024. The company offers plumbing, heating, and water quality solutions globally. It aims to control the efficiency, safety, and quality of water in commercial, residential, and industrial applications.
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End-of-Day
0.06%
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Rhea-AI Summary
Watts Water Technologies, Inc. (NYSE: WTS) has completed the acquisition of Josam Company, a leading provider of drainage and plumbing products. Josam's annualized sales are approximately $35 million, and the acquisition was funded with cash on hand. The acquisition will provide Watts with access to innovative solutions and drive growth through increased cross-selling opportunities.
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End-of-Day
-2.88%
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acquisition
Rhea-AI Summary
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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End-of-Day
0.02%
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acquisition
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Rhea-AI Summary
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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-0.04%
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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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Rhea-AI Sentiment
End-of-Day
0.38%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
6.85%
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earnings
Watts Water Technologies, Inc.

NYSE:WTS

WTS Rankings

WTS Stock Data

6.59B
26.97M
1.15%
97.15%
2.09%
Fluid Power Valve and Hose Fitting Manufacturing
Manufacturing
Link
US
North Andover

About WTS

watts water technologies family of companies has designed and manufactured valves and related products that promote the comfort and safety of people and the quality, conservation and control of water used in commercial, residential, industrial and municipal applications.