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6 pts

Opinion on  Watts Water Technologies Inc. (WTS)     Sector: Basic Materials  >  Industry: Misc. Fabricated Products
Watts Water Technologies Inc.

Jul 18, 2008 05:56 PM GMT
Foto
Return Risk
-24.55% HIGH
Principal

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


WTS:  This call was made on 07/18/08 @ $27.45
Rating:   Positive   $27.45 (07/18/08)
Gain/Loss:   +12.50% in 611 days


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