Today it was reported that the President- APAC, M. East, Afr. of Watts Water Technologies (WTS), Elie Melhem, exercised options to sell 9,173 WTS shares at $54.76 a share, for a total transaction value of $641.2K.
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Based on Watts Water Technologies’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $391 million and quarterly net profit of $31.5 million. In comparison, last year the company earned revenue of $359 million and had a net profit of $26.5 million. WTS’s market cap is $2.39B and the company has a P/E ratio of 25.82. Currently, Watts Water Technologies has an average volume of 161K.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $87.33, reflecting a 24.6% upside.
The insider sentiment on Watts Water Technologies has been negative according to 68 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Elie Melhem’s trades have generated a -9.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Watts Water Technologies, Inc. engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and APMEA. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks. The company was founded in 1985 and is headquartered in North Andover, MA.
