Watts Water Technologies, Inc., through its subsidiaries, designs, manufactures, and sells water safety and flow control products primarily for the water quality, water safety, water flow control, and water conservation markets in North America, Europe, and China. Its products include backflow preventers and check valves for preventing reverse flow within water lines; fire protection systems, and point-of-use water filtration and reverse osmosis systems for commercial and residential applications; a range of water pressure regulators, and water supply and drainage products for commercial and residential applications; and temperature and pressure relief valves for water heaters, boilers, and associated systems. The company’s products also comprise thermostatic mixing valves for tempering water in commercial and residential applications; systems for under-floor radiant applications and hydraulic pump groups for gas boiler manufacturers and renewable energy applications, including solar and heat pump control packages; flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications; and butterfly valves for use in China's water infrastructure. It sells its products to plumbing, heating, and mechanical wholesale distributors, and do-it-yourself chains through commissioned manufacturers’ representatives; to residential construction, and home repair and remodeling industries through do-it-yourself plumbing retailers, national catalog distribution companies, hardware stores, building material outlets, retail home center chains, and plumbing and heating wholesalers; and directly to original equipment manufacturers and private label accounts. The company was founded in 1874 and is headquartered in North Andover, Massachusetts.
Analysts' Recommendation: | Hold |
| 30 Days Ago: | Hold |
|
| Analysts' Target: | $31 |
| Analysts' Targets |
| Friedman, Billings, Ramsey & C | $26 |
| Mkt Perform |
Monday, April 21, 2008 |
| Brean Murray & Co. | $35 |
| Accumulate |
| Thursday, April 17, 2008 |