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Watts Water Technologies

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Watts logo

Watts Water Technologies, Inc. is a company based in the United States that primarily makes valve products for plumbing and heating, such as water pressure regulators and other valves.[1]

Watts is one of the largest manufacturers of water valves in the United States.

Watts Water has joined the S&P 400 index.

The company was founded by Joseph Watts.[2]

The company has about 4,500 employees.[1]

Locations

Watts has operated a regional distribution center in Franklin, NH.[3]

Products

An installed Watts pressure release valve

The company sells the Watts brand of plumbing products through direct-to-customer retailers of home improvement products.[4][5]

Corporation

Robert J. Pagano is the President, Director and chief executive officer.[1]

The company is listed on the NYSE with the symbol WTS.[6]

The company has Class A shares and Class B shares of common stock.[7]

Watts Water has joined the S&P 400 index.[8]

The company was formerly known as Watts Industries Inc.[9]

History

Watts was based in Lawrence, MA.[10][11]

One of the historical innovations of the company was a type of safety valve known as the temperature and pressure valve (T&P valve), which was used for safely venting hot-water supply tank systems, reducing the risk of explosion.[12]

By the time of World War II, the U.S. Army required T&P valves on all army hot-water supply tanks.[12]

Watts Industries participated in the United States Environmental Protection Agency's 33/50 program.[13]

References

  1. ^ a b c "Watts Water Technologies Inc Company Profile". GlobalData. Retrieved 2025-01-03.
  2. ^ "Watts Water Technologies". Emerson Swan. Retrieved 2025-01-03.
  3. ^ "Watts' Webster Valve facility marks 50 years". Foster's Daily Democrat. 2009-11-03. Retrieved 2025-01-03.
  4. ^ "Watts". The Home Depot. 2023-11-20. Retrieved 2025-01-03.
  5. ^ "Watts Plumbing at Lowes". Lowe's. 2024-12-19. Retrieved 2025-01-03.
  6. ^ "Watts Water Technologies, Inc. (WTS) Stock Price, News, Quote & History". Yahoo Finance. 2024-11-29. Retrieved 2025-01-03.
  7. ^ "Watts Water Technologies, Inc. Declares Quarterly Dividend". Business Wire. 2024-10-28. Retrieved 2025-01-03.
  8. ^ Research, Zacks Equity (2022-01-31). "Watts Water (WTS) Moves 3.6% Higher: Will This Strength Last?". Yahoo Finance. Retrieved 2025-01-03.
  9. ^ "SEC EDGAR Search Results". SEC.gov. 2003-10-09. Retrieved 2025-01-03.
  10. ^ Hendricks' Commercial Register of the United States. Hendricks' Commercial Register of the United States. S. E. Hendricks Company. 1909. p. 914. Retrieved 2025-01-03.
  11. ^ "History". Watts. Retrieved 2025-01-03.
  12. ^ a b International Directory of Company Histories. Gale virtual reference library. St. James Press. 1997. p. 490. ISBN 978-1-55862-353-8. Retrieved 2025-01-03.
  13. ^ "Sector Notebook Project - Nonferrous Metals" (PDF). p. 117. Retrieved 2025-01-03.