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 its robust operational performance, Watts is still $30 below its high reached in late 2021, with its price/earnings ratio of 23 times last year’s earnings justified by its strong growth. Buy now. - Gavin Graham
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WTS was first recommended here on April 5, 2022