Intrinsic value of Watts Water Technologies Cl A - WTS

Previous Close

$74.47

  Intrinsic Value

$164.82

stock screener

  Rating & Target

str. buy

+121%

Previous close

$74.47

 
Intrinsic value

$164.82

 
Up/down potential

+121%

 
Rating

str. buy

We calculate the intrinsic value of WTS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  7.80
  7.52
  7.27
  7.04
  6.84
  6.65
  6.49
  6.34
  6.21
  6.08
  5.98
  5.88
  5.79
  5.71
  5.64
  5.58
  5.52
  5.47
  5.42
  5.38
  5.34
  5.31
  5.28
  5.25
  5.22
  5.20
  5.18
  5.16
  5.15
  5.13
Revenue, $m
  1,570
  1,688
  1,811
  1,939
  2,071
  2,209
  2,352
  2,501
  2,657
  2,818
  2,987
  3,162
  3,345
  3,537
  3,736
  3,944
  4,162
  4,390
  4,627
  4,876
  5,137
  5,409
  5,695
  5,994
  6,307
  6,635
  6,978
  7,339
  7,716
  8,112
Variable operating expenses, $m
  860
  919
  980
  1,044
  1,110
  1,179
  1,251
  1,326
  1,403
  1,484
  1,495
  1,583
  1,674
  1,770
  1,870
  1,974
  2,083
  2,197
  2,316
  2,441
  2,571
  2,707
  2,850
  3,000
  3,156
  3,321
  3,493
  3,673
  3,862
  4,060
Fixed operating expenses, $m
  513
  524
  536
  548
  560
  572
  585
  597
  611
  624
  638
  652
  666
  681
  696
  711
  727
  743
  759
  776
  793
  810
  828
  846
  865
  884
  903
  923
  944
  964
Total operating expenses, $m
  1,373
  1,443
  1,516
  1,592
  1,670
  1,751
  1,836
  1,923
  2,014
  2,108
  2,133
  2,235
  2,340
  2,451
  2,566
  2,685
  2,810
  2,940
  3,075
  3,217
  3,364
  3,517
  3,678
  3,846
  4,021
  4,205
  4,396
  4,596
  4,806
  5,024
Operating income, $m
  198
  245
  295
  347
  401
  458
  517
  578
  643
  710
  854
  928
  1,005
  1,086
  1,170
  1,259
  1,352
  1,450
  1,552
  1,660
  1,773
  1,892
  2,016
  2,148
  2,285
  2,430
  2,582
  2,742
  2,911
  3,088
EBITDA, $m
  305
  356
  408
  463
  520
  579
  641
  706
  774
  845
  919
  996
  1,077
  1,162
  1,251
  1,345
  1,442
  1,545
  1,653
  1,766
  1,884
  2,009
  2,140
  2,278
  2,422
  2,574
  2,734
  2,902
  3,078
  3,264
Interest expense (income), $m
  20
  27
  31
  35
  39
  43
  48
  52
  57
  62
  67
  73
  78
  84
  90
  97
  104
  111
  118
  126
  134
  142
  151
  160
  170
  180
  190
  201
  213
  225
  238
Earnings before tax, $m
  171
  215
  261
  308
  358
  410
  465
  521
  581
  643
  781
  849
  921
  995
  1,074
  1,156
  1,242
  1,332
  1,427
  1,526
  1,631
  1,741
  1,857
  1,978
  2,106
  2,240
  2,381
  2,530
  2,686
  2,850
Tax expense, $m
  46
  58
  70
  83
  97
  111
  125
  141
  157
  174
  211
  229
  249
  269
  290
  312
  335
  360
  385
  412
  440
  470
  501
  534
  569
  605
  643
  683
  725
  770
Net income, $m
  125
  157
  190
  225
  261
  299
  339
  381
  424
  469
  570
  620
  672
  727
  784
  844
  906
  972
  1,042
  1,114
  1,191
  1,271
  1,355
  1,444
  1,537
  1,635
  1,738
  1,847
  1,961
  2,081

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,872
  2,012
  2,159
  2,311
  2,469
  2,633
  2,804
  2,981
  3,166
  3,359
  3,560
  3,769
  3,987
  4,215
  4,453
  4,701
  4,961
  5,232
  5,515
  5,812
  6,123
  6,447
  6,788
  7,144
  7,517
  7,908
  8,318
  8,747
  9,197
  9,669
Adjusted assets (=assets-cash), $m
  1,872
  2,012
  2,159
  2,311
  2,469
  2,633
  2,804
  2,981
  3,166
  3,359
  3,560
  3,769
  3,987
  4,215
  4,453
  4,701
  4,961
  5,232
  5,515
  5,812
  6,123
  6,447
  6,788
  7,144
  7,517
  7,908
  8,318
  8,747
  9,197
  9,669
Revenue / Adjusted assets
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
  0.839
Average production assets, $m
  606
  652
  699
  748
  799
  853
  908
  966
  1,025
  1,088
  1,153
  1,221
  1,291
  1,365
  1,442
  1,523
  1,607
  1,694
  1,786
  1,882
  1,983
  2,088
  2,198
  2,314
  2,434
  2,561
  2,694
  2,833
  2,979
  3,131
Working capital, $m
  214
  230
  246
  264
  282
  300
  320
  340
  361
  383
  406
  430
  455
  481
  508
  536
  566
  597
  629
  663
  699
  736
  774
  815
  858
  902
  949
  998
  1,049
  1,103
Total debt, $m
  568
  642
  719
  798
  881
  967
  1,056
  1,149
  1,246
  1,346
  1,451
  1,561
  1,675
  1,794
  1,918
  2,048
  2,184
  2,326
  2,474
  2,629
  2,792
  2,962
  3,139
  3,326
  3,521
  3,725
  3,940
  4,164
  4,400
  4,647
Total liabilities, $m
  979
  1,052
  1,129
  1,208
  1,291
  1,377
  1,466
  1,559
  1,656
  1,757
  1,862
  1,971
  2,085
  2,205
  2,329
  2,459
  2,594
  2,736
  2,885
  3,040
  3,202
  3,372
  3,550
  3,736
  3,931
  4,136
  4,350
  4,575
  4,810
  5,057
Total equity, $m
  893
  960
  1,030
  1,102
  1,178
  1,256
  1,337
  1,422
  1,510
  1,602
  1,698
  1,798
  1,902
  2,011
  2,124
  2,242
  2,366
  2,496
  2,631
  2,772
  2,920
  3,075
  3,238
  3,408
  3,586
  3,772
  3,967
  4,172
  4,387
  4,612
Total liabilities and equity, $m
  1,872
  2,012
  2,159
  2,310
  2,469
  2,633
  2,803
  2,981
  3,166
  3,359
  3,560
  3,769
  3,987
  4,216
  4,453
  4,701
  4,960
  5,232
  5,516
  5,812
  6,122
  6,447
  6,788
  7,144
  7,517
  7,908
  8,317
  8,747
  9,197
  9,669
Debt-to-equity ratio
  0.640
  0.670
  0.700
  0.720
  0.750
  0.770
  0.790
  0.810
  0.820
  0.840
  0.850
  0.870
  0.880
  0.890
  0.900
  0.910
  0.920
  0.930
  0.940
  0.950
  0.960
  0.960
  0.970
  0.980
  0.980
  0.990
  0.990
  1.000
  1.000
  1.010
Adjusted equity ratio
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477
  0.477

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  125
  157
  190
  225
  261
  299
  339
  381
  424
  469
  570
  620
  672
  727
  784
  844
  906
  972
  1,042
  1,114
  1,191
  1,271
  1,355
  1,444
  1,537
  1,635
  1,738
  1,847
  1,961
  2,081
Depreciation, amort., depletion, $m
  108
  110
  113
  116
  118
  121
  125
  128
  131
  135
  65
  69
  73
  77
  81
  86
  90
  95
  100
  106
  111
  117
  123
  130
  137
  144
  151
  159
  167
  176
Funds from operations, $m
  232
  267
  303
  341
  380
  421
  464
  508
  555
  604
  635
  689
  745
  803
  865
  929
  997
  1,068
  1,142
  1,220
  1,302
  1,388
  1,479
  1,574
  1,674
  1,779
  1,890
  2,006
  2,128
  2,257
Change in working capital, $m
  15
  16
  17
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  27
  28
  30
  31
  32
  34
  35
  37
  39
  41
  43
  45
  47
  49
  51
  54
Cash from operations, $m
  217
  251
  286
  323
  362
  402
  444
  488
  534
  582
  612
  665
  720
  777
  838
  901
  967
  1,037
  1,110
  1,186
  1,267
  1,351
  1,440
  1,533
  1,631
  1,734
  1,843
  1,957
  2,077
  2,203
Maintenance CAPEX, $m
  -32
  -34
  -37
  -39
  -42
  -45
  -48
  -51
  -54
  -58
  -61
  -65
  -69
  -73
  -77
  -81
  -86
  -90
  -95
  -100
  -106
  -111
  -117
  -123
  -130
  -137
  -144
  -151
  -159
  -167
New CAPEX, $m
  -44
  -46
  -47
  -49
  -51
  -53
  -55
  -58
  -60
  -62
  -65
  -68
  -71
  -74
  -77
  -80
  -84
  -88
  -92
  -96
  -101
  -105
  -110
  -115
  -121
  -127
  -133
  -139
  -146
  -153
Cash from investing activities, $m
  -76
  -80
  -84
  -88
  -93
  -98
  -103
  -109
  -114
  -120
  -126
  -133
  -140
  -147
  -154
  -161
  -170
  -178
  -187
  -196
  -207
  -216
  -227
  -238
  -251
  -264
  -277
  -290
  -305
  -320
Free cash flow, $m
  141
  171
  202
  235
  269
  304
  341
  380
  420
  462
  486
  532
  580
  631
  684
  739
  797
  858
  923
  990
  1,060
  1,135
  1,212
  1,294
  1,381
  1,471
  1,566
  1,666
  1,772
  1,883
Issuance/(repayment) of debt, $m
  71
  74
  76
  79
  83
  86
  89
  93
  97
  101
  105
  109
  114
  119
  124
  130
  136
  142
  148
  155
  162
  170
  178
  186
  195
  204
  214
  225
  235
  247
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  71
  74
  76
  79
  83
  86
  89
  93
  97
  101
  105
  109
  114
  119
  124
  130
  136
  142
  148
  155
  162
  170
  178
  186
  195
  204
  214
  225
  235
  247
Total cash flow (excl. dividends), $m
  212
  245
  279
  314
  351
  390
  430
  473
  517
  563
  591
  642
  695
  750
  808
  869
  933
  1,000
  1,071
  1,145
  1,223
  1,304
  1,390
  1,481
  1,576
  1,676
  1,781
  1,891
  2,007
  2,129
Retained Cash Flow (-), $m
  -64
  -67
  -70
  -73
  -75
  -78
  -81
  -85
  -88
  -92
  -96
  -100
  -104
  -109
  -113
  -118
  -124
  -129
  -135
  -141
  -148
  -155
  -162
  -170
  -178
  -186
  -195
  -205
  -215
  -225
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  149
  178
  209
  242
  276
  312
  349
  388
  428
  471
  495
  542
  590
  641
  695
  751
  809
  871
  936
  1,003
  1,075
  1,149
  1,228
  1,311
  1,398
  1,489
  1,585
  1,686
  1,792
  1,904
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  143
  163
  182
  199
  214
  226
  236
  242
  246
  247
  235
  231
  225
  215
  204
  191
  176
  160
  144
  128
  111
  95
  80
  67
  54
  43
  34
  26
  20
  14
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Watts Water Technologies, Inc. is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co., is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it. Its segments include Americas, Middle East and Africa and Asia-Pacific. It four product lines include: residential and commercial flow control products, which include products for plumbing and hot water applications; heating, ventilation and air conditioning and gas products, which include boilers, water heaters and heating solutions; drainage and water re-use products, which include drainage products and engineered rain water harvesting solutions, and water quality products, which include point-of-use and point-of-entry water filtration, conditioning and scale prevention systems.

FINANCIAL RATIOS  of  Watts Water Technologies Cl A (WTS)

Valuation Ratios
P/E Ratio 30.3
Price to Sales 1.8
Price to Book 3.5
Price to Tangible Book
Price to Cash Flow 18.5
Price to Free Cash Flow 25
Growth Rates
Sales Growth Rate -4.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 28.6%
Cap. Spend. - 3 Yr. Gr. Rate 5.2%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 69.4%
Total Debt to Equity 88.3%
Interest Coverage 7
Management Effectiveness
Return On Assets 5.6%
Ret/ On Assets - 3 Yr. Avg. 1.3%
Return On Total Capital 6.3%
Ret/ On T. Cap. - 3 Yr. Avg. 0.6%
Return On Equity 11.7%
Return On Equity - 3 Yr. Avg. 1%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 40.5%
Gross Margin - 3 Yr. Avg. 38%
EBITDA Margin 14.2%
EBITDA Margin - 3 Yr. Avg. 7.2%
Operating Margin 10.4%
Oper. Margin - 3 Yr. Avg. 3.7%
Pre-Tax Margin 9.2%
Pre-Tax Margin - 3 Yr. Avg. 2.4%
Net Profit Margin 6%
Net Profit Margin - 3 Yr. Avg. 0.5%
Effective Tax Rate 34.4%
Eff/ Tax Rate - 3 Yr. Avg. 24.1%
Payout Ratio 29.8%

WTS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WTS stock intrinsic value calculation we used $1456.7 million for the last fiscal year's total revenue generated by Watts Water Technologies Cl A. The default revenue input number comes from 0001 income statement of Watts Water Technologies Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our WTS stock valuation model: a) initial revenue growth rate of 7.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for WTS is calculated based on our internal credit rating of Watts Water Technologies Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Watts Water Technologies Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of WTS stock the variable cost ratio is equal to 55.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $502 million in the base year in the intrinsic value calculation for WTS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Watts Water Technologies Cl A.

Corporate tax rate of 27% is the nominal tax rate for Watts Water Technologies Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the WTS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for WTS are equal to 38.6%.

Life of production assets of 17.8 years is the average useful life of capital assets used in Watts Water Technologies Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for WTS is equal to 13.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $829 million for Watts Water Technologies Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 27.805 million for Watts Water Technologies Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Watts Water Technologies Cl A at the current share price and the inputted number of shares is $2.1 billion.

RELATED COMPANIES Price Int.Val. Rating
MWA Mueller Water 10.98 18.22  str.buy
CIR Circor Interna 33.97 248.32  str.buy
DOV Dover 86.19 97.94  hold
CW Curtiss-Wright 110.19 141.14  hold
SNHY Sun Hydraulics 41.92 112.16  str.buy

COMPANY NEWS

▶ 5 Sizzling Small-Cap Stocks to Buy Today   [Nov-13-18 12:13PM  InvestorPlace]
▶ Watts Expands BL√úCHER Global Operations   [Nov-06-18 10:00AM  Business Wire]
▶ Watts Water: 3Q Earnings Snapshot   [04:27PM  Associated Press]
▶ Watts Water: 2Q Earnings Snapshot   [07:48PM  Associated Press]
▶ Watts Water Technologies, Inc. Declares Quarterly Dividend   [Jul-30-18 05:30PM  Business Wire]
▶ Watts Water Technologies, Inc. Declares Quarterly Dividend   [May-07-18 05:00PM  Business Wire]
▶ Watts Water: 1Q Earnings Snapshot   [May-03-18 05:46PM  Associated Press]
▶ Watts Water Technologies Elects New Director   [08:30AM  Business Wire]
▶ Watts Water reports 4Q loss   [Feb-12-18 04:51PM  Associated Press]
▶ Watts Water Technologies, Inc. Declares Quarterly Dividend   [Feb-08-18 04:30PM  Business Wire]
▶ Watts Water tops Street 3Q forecasts   [05:51AM  Associated Press]
▶ Watts Water Technologies Reports Third Quarter 2017 Results   [Nov-01-17 04:30PM  Business Wire]
▶ Watts Water Technologies, Inc. Declares Quarterly Dividend   [Oct-30-17 05:00PM  Business Wire]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.