8-K

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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): November 7, 2006
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                         WATTS WATER TECHNOLOGIES, INC.
             (Exact Name of Registrant as Specified in its Charter)

          DELAWARE                 001-11499                04-2916536
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(State or Other Jurisdiction      (Commission              (IRS Employer
      of Incorporation)           File Number)           Identification No.)

             815 Chestnut Street, North Andover, Massachusetts 01845
               (Address of Principal Executive Offices) (Zip Code)

                                 (978) 688-1811
              (Registrant's telephone number, including area code)

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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


Item 8.01.  Other Events

On November 7, 2006, Watts Water Technologies, Inc. (the "Company") announced
its intention to offer, subject to market and other conditions, 5,000,000 shares
of its Class A common stock pursuant to an effective shelf registration
statement on Form S-3 (File No. 333-124615) filed on May 4, 2005 with the
Securities and Exchange Commission. In connection with the offering, the Company
will grant the underwriters an option to purchase up to an additional 750,000
shares of Class A common stock from the Company to cover over-allotments, if
any. The full text of the press release issued in connection with the
announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K and
is incorporated herein by reference.

This current report does not constitute an offer to sell or the solicitation of
an offer to buy any or our securities and these securities cannot be sold in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such state.

Item 9.01.  Financial Statements and Exhibits

      (d)   Exhibits

            99.1  Press Release issued by the Company on November 7, 2006.



                                    SIGNATURE


      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


Date: November 8, 2006               WATTS WATER TECHNOLOGIES, INC.

                                     By: /s/ Lester J. Taufen
                                         --------------------------------
                                         Lester J. Taufen
                                         General Counsel



                                  EXHIBIT INDEX


Exhibit No.         Description
- ---------------     ---------------

99.1                Press Release dated November 7, 2006

EX-99.1

                                                                    Exhibit 99.1


FOR IMMEDIATE RELEASE               Contact:    William C. McCartney
- ---------------------                           Chief Financial Officer

                                    Telephone:  (978) 688-1811
                                    Fax:        (978) 688-2976


              Watts Water Technologies Announces Public Offering of
                              Class A Common Stock

      North Andover, MA....November 7, 2006, Watts Water Technologies, Inc.
(NYSE symbol: "WTS") announced today its intention to offer, subject to market
and other conditions, 5,000,000 shares of its Class A common stock pursuant to
an effective shelf registration statement previously filed with the Securities
and the Exchange Commission. In connection with the offering, Watts will grant
the underwriters an option for a period of 30 days to purchase up to an
additional 750,000 shares of Class A common stock from the Company to cover
over-allotments, if any.

      The Company expects to use the net proceeds from the offering for general
corporate purposes, including the funding of future acquisitions.

      J.P. Morgan Securities Inc. will act as sole book running manager for the
offering with KeyBanc Capital Markets, a Division of McDonald Investments Inc.,
Robert W. Baird & Co. Incorporated, and SunTrust Robinson Humphrey acting as
co-managers.

      The offering may be made only by means of a prospectus and a related
prospectus supplement. A preliminary prospectus supplement related to the
offering has been filed with the Securities and Exchange Commission, copies of
which may be obtained when available from JPMorgan, National Statement
Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY
11245.

      This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these securities
in any jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities law of any
such jurisdiction.

      Watts Water Technologies, Inc. is a world leader in the manufacture of
innovative products to control the efficiency, safety, and quality of water
within residential, commercial, and institutional applications. Its expertise in
a wide variety of water technologies enables it to be a comprehensive supplier
to the water industry.