Watts Water OK’s repurchase plan

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Watts supplies products for the water quality, safety, and conservation markets.

Watts Water Technologies Inc.’s board authorized the repurchase of up to 2 million shares of the North Andover company’s Class A common stock, with the timing and amount of any shares repurchased to be determined by management. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the company might otherwise be precluded from doing so under insider trading laws. The repurchase program will be funded using available cash.