Lots of great suggestions and possibilities.
Allergies is the first thing that comes to mind - especially with the mild winter we have all had.
Allergy season is ramping up early in my area of the Southeast.
Something else that will make the eyes matter and water is insulin resistance.
I have two horses with metabolic issues. Only one of them gets the watery eyes and puffiness over/under the eye. I had someone try to tell me this horse had blocked tear ducts, glad I didn't listen to that.
His watery/mattery eyes are when I know it's time to put the grazing muzzle back on.
The grazing muzzles went back on last week, which is really early but the grass in the barnyard is magically almost two feet tall, so the pasture grass is rich in sugars & fructans.
Point-being, there are several things that could be causing the excessive watering & mattering, so it's best to not second-guess anything with the eyes.
Call the vet
