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On May 12, 2025, Shashank Patel, the Chief Financial Officer of Watts Water Technologies Inc . (NYSE:WTS), sold a significant portion of the company’s Class A Common Stock. The transactions involved the sale of 8,000 shares, with a total value reaching approximately $1.96 million. The sale comes as the company, currently valued at $8.2 billion, trades near its 52-week high of $247.47, with InvestingPro data showing a remarkable 16% return in the past week.
The shares were sold in multiple transactions at prices ranging from $244.98 to $245.49 per share. Following these transactions, Patel now holds 2,754 shares in the company. This move is part of regular trading activities and reflects the ongoing financial strategies within the executive team at Watts Water Technologies. According to InvestingPro, the company maintains a "GREAT" financial health score, with strong fundamentals and robust cash flow coverage. For deeper insights into WTS’s valuation and 15+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Watts Water Technologies reported impressive financial results for Q1 2025, exceeding analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $2.37, surpassing the anticipated $2.12, while revenue reached $558 million, higher than the forecasted $547 million. Additionally, Watts Water Technologies completed the acquisition of Icon (NASDAQ:ICLR), which is progressing well and contributing positively to the company’s performance. The company maintains its full-year organic sales outlook despite economic uncertainties, expecting Q2 organic sales growth to be flat to up 3%. Watts Water Technologies also announced a 21% increase in dividends starting in June, reflecting a commitment to returning value to shareholders. The company continues to navigate challenges such as tariffs and supply chain management, leveraging its manufacturing capacity in North America. Analyst firm Stifel noted the company’s advantageous position with its domestic manufacturing footprint amidst tariff fluctuations. Despite macroeconomic uncertainties, Watts Water Technologies remains confident in its strategic positioning and operational resilience.
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