Watts Water Technologies Inc (WTS) Files Form 4 Insider Selling : Timothy P Horne Sells 25,000 Shares

Watts Water Technologies Inc (WTS): Timothy P Horne , 10% owner of Watts Water Technologies Inc sold 25,000 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $57.50 per share for a total value of $1,437,500.00 , 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 2, 2016, Timothy P Horne (10% owner) sold 25,000 shares at $57.14 per share price.On Jun 1, 2016, Joseph T Noonan (director) sold 3,922 shares at $57.42 per share price.Also, On May 18, 2016, Elie Melhem (President- APAC, M. East, Afr.) sold 1,238 shares at $55.91 per share price.On Feb 22, 2016, John K Mcgillicuddy (director) sold 1,000 shares at $53.47 per share price.

Shares of Watts Water Technologies Inc (WTS) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.04 points or -0.07% at $57.44 with 1,07,995 shares getting traded. Post opening the session at $57.5, the shares hit an intraday low of $56.77 and an intraday high of $57.5 and the price vacillated in this range throughout the day. The company has a market cap of $1,966 M and the number of outstanding shares has been calculated to be 3,42,35,081 shares. The 52-week high of Watts Water Technologies Inc is $60.22 and the 52-week low is $44.51.

Watts Water Technologies Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.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.

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