On February 15, 2024, Elie Melhem, President- APAC, M. East, Afr. of Watts Water Technologies Inc (WTS), sold 2,500 shares of the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Watts Water Technologies Inc specializes in the production 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. The company's offerings include a wide range of water quality, water conservation, water safety, and water flow control products for the plumbing, heating, and water quality markets.
Over the past year, the insider has sold a total of 10,046 shares and has not made any purchases. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys but 10 insider sells for Watts Water Technologies Inc.
On the day of the insider's recent sale, shares of Watts Water Technologies Inc were trading at $199.5, resulting in a market cap of $6.712 billion. The price-earnings ratio of the stock stands at 25.77, which is above the industry median of 20.745 but below the company's historical median price-earnings ratio.
The stock's price of $199.5 compared to the GuruFocus Value of $180.51 indicates a price-to-GF-Value ratio of 1.11, suggesting that Watts Water Technologies Inc is modestly overvalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
