Watts Water Technologies General Counsel Unloads $384,000 in Stock (WTS)
Watts Water Technologies (NYSE:WTS) General Counsel Kenneth Robert Lepage unloaded 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $64.00, for a total transaction of $384,000.00. Following the transaction, the general counsel now directly owns 42,908 shares of the company’s stock, valued at approximately $2,746,112. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Watts Water Technologies (NYSE:WTS) traded up 1.63% during mid-day trading on Wednesday, hitting $64.89. 351,436 shares of the company’s stock traded hands. Watts Water Technologies has a 1-year low of $51.71 and a 1-year high of $64.40. The stock has a 50-day moving average of $60.27 and a 200-day moving average of $58.79. The company has a market cap of $2.276 billion and a P/E ratio of 38.46.
Watts Water Technologies (NYSE:WTS) last announced its earnings results on Tuesday, July 29th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.01. The company had revenue of $396.00 million for the quarter, compared to the consensus estimate of $385.52 million. During the same quarter last year, the company posted $0.57 earnings per share. Watts Water Technologies’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that Watts Water Technologies will post $2.66 earnings per share for the current fiscal year.
A number of research firms have recently commented on WTS. Analysts at KeyCorp raised their price target on shares of Watts Water Technologies from $65.00 to $70.00 in a research note on Tuesday, July 15th. Separately, analysts at ISI Group upgraded shares of Watts Water Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. They now have a $65.00 price target on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $64.13.
Watts Water Technologies, Inc (NYSE:WTS)is a supplier of products for use in the water quality, water safety, water flow control and water conservation markets in both North America and Europe with a presence in Asia.
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