Watts water technologies exec sells $1.69 million in stock

NORTH ANDOVER, MA—Timothy P. Horne, a ten percent owner of Watts Water Technologies Inc . (NYSE:WTS), a $8 billion market cap company with a strong financial health rating according to InvestingPro, recently sold 7,000 shares of the company’s Class A common stock. The shares were sold at a price of $241.85 each, amounting to a total transaction value of approximately $1.69 million. The sale occurred with the stock trading near its 52-week high of $248.17 and currently appears overvalued according to InvestingPro’s Fair Value analysis. Following this transaction, Horne no longer holds any shares in the company. The shares were held in a trust for the benefit of Tiffany Horne Noonan, where Horne serves as a co-trustee. For deeper insights into insider transactions and comprehensive analysis, access the full WTS Pro Research Report, available exclusively on InvestingPro.

In other recent news, Watts Water Technologies reported its first-quarter 2025 earnings, which exceeded analysts’ expectations. The company’s adjusted earnings per share (EPS) reached $2.37, surpassing the projected $2.12, while revenue came in at $558 million, above the anticipated $547 million. This performance was bolstered by the successful integration of acquisitions, including Icon (NASDAQ:ICLR), which is progressing ahead of schedule. The company also reaffirmed its full-year organic sales outlook, despite ongoing economic uncertainties. Additionally, Watts Water Technologies announced a 21% dividend increase starting in June, reflecting a commitment to shareholder returns.

In other developments, Watts Water’s shareholders approved all proposals at the company’s annual meeting. Key decisions included the re-election of all nine director nominees and the ratification of KPMG LLP as the independent auditor for the fiscal year ending December 31, 2025. The company’s governance practices and executive compensation policies received strong support from shareholders, with an advisory vote on executive compensation passing with 96.8% approval. Furthermore, analysts from firms like Stifel and R.W. Baird engaged in discussions with the company’s executives during the earnings call, focusing on the impact of tariffs and pricing strategies. Watts Water Technologies continues to navigate market challenges with a focus on maintaining margins and operational efficiency.

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