Watts Water Technologies Inc (WTS): Kenneth Robert Lepage , General Counsel of Watts Water Technologies Inc sold 594 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were sold at $60.00 per share for a total value of $35,640.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 9, 2016, Kenneth Robert Lepage (General Counsel) sold 15,000 shares at $59.00 per share price.On Jun 6, 2016, Timothy P Horne (10% owner) sold 25,000 shares at $57.50 per share price.Also, On Jun 1, 2016, Joseph T Noonan (director) sold 3,922 shares at $57.42 per share price.On May 18, 2016, Elie Melhem (President- APAC, M. East, Afr.) sold 1,238 shares at $55.91 per share price.
Watts Water Technologies Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in Watts Water Technologies Inc which led to swings in the share price. The shares opened for trading at $59.78 and hit $60.58 on the upside , eventually ending the session at $59.82, with a gain of 1.12% or 0.66 points. The heightened volatility saw the trading volume jump to 1,62,023 shares. The 52-week high of the share price is $60.58 and the company has a market cap of $2,048 M . The 52-week low of the share price is at $44.51.
Company has been under the radar of several Street Analysts.Watts Water Technologies Inc is Downgraded by Seaport Global Securities to Neutral and the brokerage firm has set the Price Target at $58. Earlier the firm had a rating of Accumulate on the company shares. The Rating was issued on Jun 10, 2016.Watts Water Technologies Inc is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $57 .The Rating was issued on May 9, 2016.Watts Water Technologies Inc is Upgraded by BB&T Capital Mkts to Buy and the brokerage firm has set the Price Target at $64. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on May 6, 2016.
Watts Water Technologies Inc. (Watts Water) designs manufactures and sells water safety and flow control products. The Company operates through three segments: Americas; Europe Middle East and Africa (EMEA) and Asia-Pacific. It offers a range of products in terms of design distinction size and configuration. It classifies its products into four product lines including residential and commercial flow control products which includes products for plumbing and hot water applications; heating ventilation and air conditioning (HVAC) and gas products including hydronic and electric heating systems for under-floor radiant applications commercial high-efficiency boilers water heaters and heating solutions custom heat and hot water solutions; drainage and water re-use products including drainage products and engineered rain water harvesting solutions and water quality products including point-of-use and point-of-entry water filtration conditioning and scale prevention systems.