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NEW YORK ( TheStreet) -- Watts Water Technologies (NYSE: WTS) hit a new 52-week high Tuesday as it is currently trading at $42.05, above its previous 52-week high of $42 with 163,314 shares traded as of 11:25 a.m. ET. Average volume has been 291,400 shares over the past 30 days. Watts Water has a market cap of $1.09 billion and is part of the industrial goods sector and industrial industry. Shares are up 20.5% year to date as of the close of trading on Monday. Watts Water Technologies, Inc. designs, manufactures, and sells water safety and flow control products for the water quality, water conservation, water safety, and water flow control markets in North America, Europe, and Asia. The company has a P/E ratio of 21.4, below the average industrial industry P/E ratio of 23 and above the S&P 500 P/E ratio of 17.7.