On November 7, 2024, Shashank Patel, Chief Financial Officer of Watts Water Technologies Inc (WTS, Financial), executed a sale of 4,569 shares of the company. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 15,635 shares of Watts Water Technologies Inc.
Watts Water Technologies Inc specializes in the manufacture and sale of products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the residential and commercial markets.
Over the past year, Shashank Patel has sold a total of 6,077 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed over the past year at Watts Water Technologies Inc, where there have been 18 insider sells and no insider buys.
Shares of Watts Water Technologies Inc were priced at $209.1 on the day of the sale. The company's market cap is approximately $6.95 billion. The price-earnings ratio stands at 24.99, which is slightly lower than the industry median of 25.41 and also below the company's historical median.
According to the GF Value, the intrinsic value estimate for Watts Water Technologies Inc is $196.84 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.06.
This sale by the insider could be of interest to investors tracking insider behaviors and evaluating the stock's valuation metrics in relation to its current trading price.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
