UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                            -------------------------

                                    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): May 2, 2006

                         Watts Water Technologies, Inc.
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               (Exact Name of Registrant as Specified in Charter)

         Delaware                   001-11499                 04-2916536
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  (State or other juris-           (Commission               (IRS Employer
 diction of incorporation)         File Number)           Identification No.)


 815 Chestnut Street, North Andover, MA                         01845
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(Address of principal executive offices)                      (Zip Code)

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


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          (Former name or former address, if changed since last report)

      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 2.02. Results of Operations and Financial Condition.

      On May 2, 2006, Watts Water Technologies, Inc. announced its financial
results for the fiscal quarter ended April 2, 2006. 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.

      On May 2, 2006, Watts Water Technologies, Inc. held a conference call to
discuss its financial results for the fiscal quarter ended April 2, 2006. A full
transcript of the conference call is attached as Exhibit 99.2 to this Current
Report on Form 8-K.

      The information in this Form 8-K and the Exhibits attached hereto shall
not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933 or the Exchange Act, except as expressly set forth by
specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.     The following exhibits are being furnished herewith:

Exhibit No.       Title
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99.1              Press release dated May 2, 2006

99.2              Transcript of earnings conference call held on May 2, 2006


                                   SIGNATURES

      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:  May 3, 2006                       WATTS WATER TECHNOLOGIES, INC.

                                         By: /s/ William C. McCartney
                                             -----------------------------------
                                             William C. McCartney
                                             Chief Financial Officer


                                  EXHIBIT INDEX

Exhibit No.     Title
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99.1            Press release dated May 2, 2006

99.2            Transcript of earnings conference call held on May 2, 2006