WATTS WATER TECHNOLOGIES INC
WTS · Miscellaneous Fabricated Metal Products · 33.5M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$4M (gross $16M, SBC $20M)
Reference price $309.63 · est. market cap ~$10.4B — last insider sale, 2026-05-28 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B82High-quality, code-driven water/flow-control franchise with top-decile returns, strong margins and a near-net-cash balance sheet.
Strengths
- ROA 11.8% (91st pct), operating margin 18.4% (85th pct), net margin 14% (80th pct) and interest coverage 41x (95th pct)
- Very low leverage (D/E 0.10), 49.5% gross margin and regulatory/code-driven demand moat
Risks
- Tariff and input-cost inflation pressure margins; growth depends partly on acquisitions
- Cyclical exposure to commercial/residential construction activity
Notable findings
- Strong balance sheetStrong balance sheet — $406M cash & investments
- Insider sellingInsider selling — 14 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$11M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
49.5%
Operating margin
18.4%
Net margin
14.0%
Return on equity
16.8%
Return on assets
11.8%
ROIC
15.9%
Revenue growth (QoQ)
8.4%
Debt / equity
0.1×
Net debt / EBITDA
-0.4×
Interest coverage
41.5×
Current ratio
2.5×
Free cash flow
$356M
EBITDA
$505M
Tangible book value
$874M
Cash & investments
$406M
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-28 | Dubose Michael J. | Sell | 398 | $309.63 |
| 2026-05-13 | Melhem Elie | Sell | 2.3K | $301.00 |
| 2026-03-19 | Melhem Elie | Sell | 372 | $292.13 |
| 2026-03-18 | Melhem Elie | Sell | 379 | $300.03 |
| 2026-03-17 | Melhem Elie | Sell | 3.0K | $303.05 |
| 2026-03-16 | Melhem Elie | Tax withheld | 223 | $297.80 |
| 2026-03-16 | Melhem Elie | Tax withheld | 645 | $297.80 |
| 2026-03-16 | McClintock Diane M | Tax withheld | 53 | $297.80 |
| 2026-03-16 | McClintock Diane M | Tax withheld | 69 | $297.80 |
| 2026-03-16 | McClintock Diane M | Tax withheld | 363 | $297.80 |
| 2026-03-16 | Lepage Kenneth Robert | Tax withheld | 268 | $297.80 |
| 2026-03-16 | Lepage Kenneth Robert | Tax withheld | 273 | $297.80 |
| 2026-03-16 | Lepage Kenneth Robert | Tax withheld | 861 | $297.80 |
| 2026-03-16 | Halloran Virginia A | Tax withheld | 36 | $297.80 |
| 2026-03-16 | Halloran Virginia A | Tax withheld | 40 | $297.80 |
| 2026-03-16 | Halloran Virginia A | Tax withheld | 273 | $297.80 |
| 2026-03-16 | Dhawan Andre | Tax withheld | 369 | $297.80 |
| 2026-03-16 | Dhawan Andre | Tax withheld | 376 | $297.80 |
| 2026-03-16 | Barry Monica | Tax withheld | 167 | $297.80 |
| 2026-03-16 | Barry Monica | Tax withheld | 167 | $297.80 |
| 2026-03-16 | Pagano Robert J Jr | Tax withheld | 2.1K | $297.80 |
| 2026-03-16 | Pagano Robert J Jr | Tax withheld | 2.2K | $297.80 |
| 2026-03-16 | Pagano Robert J Jr | Tax withheld | 3.6K | $297.80 |
| 2026-03-16 | Melhem Elie | Tax withheld | 219 | $297.80 |
| 2026-03-13 | Barry Monica | Grant | 810 | — |
| 2026-03-13 | McClintock Diane M | Grant | 642 | $238.24 |
| 2026-03-13 | Pagano Robert J Jr | Grant | 13K | — |
| 2026-03-13 | Pagano Robert J Jr | Grant | 5.7K | $238.24 |
| 2026-03-13 | Pagano Robert J Jr | Tax withheld | 1.9K | $297.80 |
| 2026-03-13 | Melhem Elie | Grant | 1.3K | — |
| 2026-03-13 | Melhem Elie | Grant | 840 | $238.24 |
| 2026-03-13 | Melhem Elie | Tax withheld | 248 | $297.80 |
| 2026-03-13 | McClintock Diane M | Grant | 1.3K | — |
| 2026-03-13 | McClintock Diane M | Grant | 481 | $238.24 |
| 2026-03-13 | McClintock Diane M | Tax withheld | 64 | $297.80 |
| 2026-03-13 | Lepage Kenneth Robert | Grant | 1.3K | — |
| 2026-03-13 | Lepage Kenneth Robert | Tax withheld | 304 | $297.80 |
| 2026-03-13 | Halloran Virginia A | Grant | 251 | — |
| 2026-03-13 | Halloran Virginia A | Grant | 250 | $238.24 |
| 2026-03-13 | Halloran Virginia A | Tax withheld | 42 | $297.80 |
| 2026-03-13 | Dhawan Andre | Grant | 1.9K | — |
| 2026-03-13 | Dhawan Andre | Tax withheld | 106 | $297.80 |
| 2026-03-13 | Barry Monica | Tax withheld | 168 | $297.80 |
| 2026-03-12 | Dubose Michael J. | Sell | 332 | $301.70 |
| 2026-03-11 | Dunbar David A. | Gift | 9.8K | — |
| 2026-03-11 | Dunbar David A. | Gift | 9.8K | — |
| 2026-02-20 | HORNE TIMOTHY P | Sell | 7.5K | $330.04 |
| 2026-02-19 | Pagano Robert J Jr | Sell | 78 | $330.26 |
| 2026-02-19 | Pagano Robert J Jr | Sell | 3.3K | $326.89 |
| 2026-02-19 | Pagano Robert J Jr | Sell | 7.7K | $327.68 |
| 2026-02-19 | Pagano Robert J Jr | Sell | 2.8K | $325.75 |
| 2026-02-19 | Pagano Robert J Jr | Sell | 2.0K | $328.55 |
| 2026-02-19 | Pagano Robert J Jr | Sell | 81 | $329.62 |
| 2026-02-17 | Lepage Kenneth Robert | Sell | 5.0K | $321.08 |
| 2026-02-09 | McClintock Diane M | Tax withheld | 320 | $319.76 |
| 2026-02-09 | Lepage Kenneth Robert | Grant | 2.9K | — |
| 2026-02-09 | Lepage Kenneth Robert | Tax withheld | 1.0K | $319.76 |
| 2026-02-09 | Barry Monica | Grant | 1.6K | — |
| 2026-02-09 | Dhawan Andre | Grant | 1.1K | — |
| 2026-02-09 | Dhawan Andre | Tax withheld | 329 | $319.76 |
| 2026-02-09 | Barry Monica | Tax withheld | 771 | $319.76 |
| 2026-02-09 | Pagano Robert J Jr | Grant | 18K | — |
| 2026-02-09 | Pagano Robert J Jr | Tax withheld | 8.7K | $319.76 |
| 2026-02-09 | Halloran Virginia A | Grant | 432 | — |
| 2026-02-09 | Halloran Virginia A | Tax withheld | 206 | $319.76 |
| 2026-02-09 | Melhem Elie | Grant | 3.0K | — |
| 2026-02-09 | Melhem Elie | Tax withheld | 736 | $319.76 |
| 2026-02-09 | McClintock Diane M | Grant | 678 | — |
| 2025-12-17 | Halloran Virginia A | Sell | 605 | $276.78 |
| 2025-11-25 | HORNE TIMOTHY P | Sell | 6.8K | $272.32 |
| 2025-11-24 | HORNE TIMOTHY P | Sell | 942 | $272.26 |
| 2025-11-20 | HORNE TIMOTHY P | Sell | 250 | $272.00 |
| 2025-11-12 | HORNE TIMOTHY P | Sell | 7.0K | $278.65 |
| 2025-11-09 | Stefany Suzanne | Grant | 351 | — |
| 2025-10-30 | HORNE TIMOTHY P | Conversion | 30K | — |
| 2025-08-20 | Dubose Michael J. | Sell | 727 | $276.74 |
| 2025-08-13 | Noonan Joseph T | Sell | 713 | $274.45 |
| 2025-08-05 | RAINES MERILEE | Grant | 516 | — |
| 2025-08-05 | Noonan Joseph T | Grant | 516 | — |
| 2025-08-05 | Napolitano Kenneth | Grant | 516 | — |
| 2025-08-05 | Reitmeier Joseph William | Grant | 516 | — |
| 2025-08-05 | Dunbar David A. | Grant | 516 | — |
| 2025-08-05 | GOESER LOUISE K | Grant | 516 | — |
| 2025-08-05 | Dubose Michael J. | Grant | 516 | — |
| 2025-08-05 | Boll Rebecca | Grant | 516 | — |
| 2025-07-28 | Lada Ryan | Grant | 2.0K | — |
| 2025-05-28 | HORNE TIMOTHY P | Sell | 7.0K | $241.85 |
| 2025-05-23 | HORNE TIMOTHY P | Conversion | 7.0K | — |
| 2025-05-13 | Barry Monica | Sell | 768 | $245.40 |
| 2025-05-12 | Patel Shashank | Sell | 320 | $245.49 |
| 2025-05-12 | Patel Shashank | Sell | 7.7K | $244.98 |
| 2025-03-17 | Lepage Kenneth Robert | Tax withheld | 1.0K | $213.98 |
| 2025-03-17 | Lepage Kenneth Robert | Tax withheld | 374 | $213.98 |
| 2025-03-17 | Melhem Elie | Tax withheld | 774 | $213.98 |
| 2025-03-17 | Barry Monica | Tax withheld | 189 | $213.98 |
| 2025-03-17 | Melhem Elie | Tax withheld | 291 | $213.98 |
| 2025-03-17 | Patel Shashank | Tax withheld | 455 | $213.98 |
| 2025-03-17 | Halloran Virginia A | Tax withheld | 276 | $213.98 |
| 2025-03-17 | Halloran Virginia A | Tax withheld | 51 | $213.98 |
| 2025-03-17 | Pagano Robert J Jr | Tax withheld | 1.9K | $213.98 |
| 2025-03-17 | Pagano Robert J Jr | Tax withheld | 4.3K | $213.98 |
| 2025-03-14 | Pagano Robert J Jr | Grant | 6.0K | $168.80 |
| 2025-03-14 | Dhawan Andre | Tax withheld | 292 | $211.00 |
| 2025-03-14 | Barry Monica | Grant | 780 | $168.80 |
| 2025-03-14 | Barry Monica | Tax withheld | 167 | $211.00 |
| 2025-03-14 | Patel Shashank | Tax withheld | 414 | $211.00 |
| 2025-03-14 | Pagano Robert J Jr | Tax withheld | 2.1K | $211.00 |
| 2025-03-14 | Halloran Virginia A | Grant | 255 | $168.80 |
| 2025-03-14 | Halloran Virginia A | Tax withheld | 36 | $211.00 |
| 2025-03-14 | Melhem Elie | Grant | 1.2K | $168.80 |
| 2025-03-14 | Melhem Elie | Tax withheld | 223 | $211.00 |
| 2025-03-14 | Lepage Kenneth Robert | Grant | 1.3K | $168.80 |
| 2025-03-14 | Lepage Kenneth Robert | Tax withheld | 287 | $211.00 |
| 2025-03-14 | Dhawan Andre | Grant | 2.5K | — |
| 2025-03-14 | Barry Monica | Grant | 1.1K | — |
| 2025-03-14 | Pagano Robert J Jr | Grant | 14K | — |
| 2025-03-14 | Melhem Elie | Grant | 1.8K | — |
| 2025-03-14 | Lepage Kenneth Robert | Grant | 1.7K | — |
| 2025-03-14 | Halloran Virginia A | Grant | 280 | — |
| 2025-03-13 | Melhem Elie | Tax withheld | 248 | $206.39 |
| 2025-03-13 | Lepage Kenneth Robert | Tax withheld | 319 | $206.39 |
| 2025-03-13 | Pagano Robert J Jr | Tax withheld | 1.9K | $206.39 |
| 2025-03-13 | Patel Shashank | Tax withheld | 388 | $206.39 |
| 2025-03-13 | Dhawan Andre | Tax withheld | 70 | $206.39 |
| 2025-03-13 | Halloran Virginia A | Tax withheld | 42 | $206.39 |
| 2025-03-13 | Barry Monica | Tax withheld | 168 | $206.39 |
| 2025-03-11 | Melhem Elie | Sell | 4.4K | $210.53 |
| 2025-02-28 | Dhawan Andre | Tax withheld | 316 | $214.58 |
| 2025-02-03 | Halloran Virginia A | Tax withheld | 319 | $205.47 |
| 2025-02-03 | Melhem Elie | Grant | 4.4K | — |
| 2025-02-03 | Melhem Elie | Tax withheld | 1.1K | $205.47 |
| 2025-02-03 | Lepage Kenneth Robert | Grant | 4.4K | — |
| 2025-02-03 | Lepage Kenneth Robert | Tax withheld | 1.5K | $205.47 |
| 2025-02-03 | Pagano Robert J Jr | Grant | 23K | — |
| 2025-02-03 | Pagano Robert J Jr | Tax withheld | 11K | $205.47 |
| 2025-02-03 | Barry Monica | Grant | 2.3K | — |
| 2025-02-03 | Barry Monica | Tax withheld | 1.1K | $205.47 |
| 2025-02-03 | Patel Shashank | Grant | 4.9K | — |
| 2025-02-03 | Patel Shashank | Tax withheld | 2.6K | $205.47 |
| 2025-02-03 | Halloran Virginia A | Grant | 669 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-20 | Shareholder vote | filing ↗ |
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-02-11 | ResultsExhibits | filing ↗ |
| 2025-11-17 | Exec/director changeExhibits | filing ↗ |
| 2025-11-10 | Material agreementExec/director change | filing ↗ |
| 2025-11-05 | ResultsExhibits | filing ↗ |
| 2025-08-06 | ResultsExhibits | filing ↗ |
| 2025-07-14 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-20 | 2026-05-19 | 0001104659-26-064461 ↗ |
| 10-Q | 2026-05-07 | 2026-03-29 | 0001104659-26-056817 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001104659-26-056325 ↗ |
| 10-K | 2026-02-23 | 2025-12-31 | 0001104659-26-018541 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0001104659-26-013437 ↗ |
| 8-K | 2025-11-17 | 2025-11-14 | 0001104659-25-112999 ↗ |
| 8-K | 2025-11-10 | 2025-11-09 | 0001104659-25-109203 ↗ |
| 10-Q | 2025-11-06 | 2025-09-28 | 0001104659-25-107489 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001104659-25-107038 ↗ |
| 10-Q | 2025-08-07 | 2025-06-29 | 0001558370-25-010686 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001558370-25-010556 ↗ |
| 8-K | 2025-07-14 | 2025-07-14 | 0001558370-25-009215 ↗ |