On November 8, 2024, Shashank Patel, Chief Financial Officer of Watts Water Technologies Inc (WTS, Financial), executed a sale of 5,933 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 9,702 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 12,010 shares of Watts Water Technologies Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 19 insider sells and no insider buys over the past year.
Shares of Watts Water Technologies Inc were priced at $208.94 on the day of the sale. The company holds a market cap of approximately $6.92 billion. The price-earnings ratio of the company stands at 24.90, which is slightly lower than the industry median of 25.48.
The stock is currently assessed as Fairly Valued with a GF Value of $197.24, leading to a price-to-GF-Value ratio of 1.06. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance and valuation alignment.
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.
