Watts Water is a provider of market-leading brands in water solutions, with annual sales of $1.8 billion in 2021. Its divisions provide the highest level of performance in the safeguarding of water systems, driven by code and certification, address energy efficiency needs by offering the most efficient conversion of energy sources into heat and hot water, and deliver drainage and pre-treatment systems that help with water conservation projects.
Income Investor
Despite trading at an all-time high, and at 27 times 2024 earnings, Watts remains a well-managed and conservatively financed (net cash on the balance sheet) way to play growth in the water systems and drainage systems and water quality markets. Buy now. - Gavin Graham
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WTS was first recommended here on April 5, 2022