Watts Water Technologies

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Watts logo Watts logo.png
Watts logo

Watts Water Technologies, Inc. is a company based in the United States that 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.

Contents

The company was founded by Joseph Watts. [2] It employs about 4,500 employees. [1]

History

Watts was previously based in Lawrence, MA. [3] [4]

Watts created 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. [5] By the time of World War II, the U.S. Army required Watts T&P valves on all army hot-water supply tanks. [5]

Watts Industries participated in the United States Environmental Protection Agency's 33/50 program. [6]

Locations

Watts' main location is in North Andover, MA. [1]

Watts has operated a regional distribution center in Franklin, NH. [7]

Corporation

Watts has joined the S&P 400 index. [8] [9] Robert J. Pagano is the president, director and chief executive officer. [1] The company is listed on the NYSE with the symbol WTS. [10] The company has Class A shares and Class B shares of common stock. [11]

The company was formerly known as Watts Industries Inc. [12]

A Watts pressure release valve Automatic bleeding valve.jpg
A Watts pressure release valve

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References

  1. 1 2 3 4 "Watts Water Technologies Inc Company Profile". GlobalData. Retrieved 2025-01-03.
  2. "Watts Water Technologies". Emerson Swan. Retrieved 2025-01-03.
  3. Hendricks' Commercial Register of the United States. S. E. Hendricks Company. 1909. p. 914. Retrieved 2025-01-03.
  4. "History". Watts. Retrieved 2025-01-03.
  5. 1 2 International Directory of Company Histories, Volume 19. Gale virtual reference library. St. James Press. 1997. p. 490. ISBN   978-1-55862-353-8 . Retrieved 2025-01-03.
  6. "Sector Notebook Project - Nonferrous Metals" (PDF). p. 117. Retrieved 2025-01-03.
  7. "Watts' Webster Valve facility marks 50 years". Foster's Daily Democrat. 2009-11-03. 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. "Constellation Energy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600". News Release Archive. 2022-01-26. Retrieved 2025-01-03.
  10. "Watts Water Technologies, Inc. (WTS) Stock Price, News, Quote & History". Yahoo Finance. 2024-11-29. Retrieved 2025-01-03.
  11. "Watts Water Technologies, Inc. Declares Quarterly Dividend". Business Wire. 2024-10-28. Retrieved 2025-01-03.
  12. "SEC EDGAR Search Results". SEC.gov. 2003-10-09. Retrieved 2025-01-03.