Walter Henry "Wally" Naismith (31 May 1881 – 9 January 1954) was an Australian rules footballer who played for the Fitzroy Football Club and Melbourne Football Club in the Victorian Football League (VFL). He was the twin brother of Fitzroy player Charlie Naismith. In 1910, Naismith married Eva Emmeline Dummett (sister of Collingwood player Alf Dummett). Two of their sons, Herb Naismith and Alby Naismith, also played VFL football.