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Melhem Elie, President of the APAC, Middle East, and Africa regions at Watts Water Technologies (NYSE:WTS), a $7 billion market cap company with a "GREAT" financial health rating according to InvestingPro, recently executed a significant stock sale. On March 11, Elie sold 4,397 shares of Class A Common Stock, generating a total of $925,700. The shares were sold at a weighted average price of $210.53, with individual transaction prices ranging from $210.50 to $210.90. Following this transaction, Elie retains ownership of 10,469 shares in the company. The stock, which has maintained dividend payments for 40 consecutive years and currently trades near analyst targets ranging from $180 to $238, appears fairly valued based on InvestingPro’s Fair Value analysis. For deeper insights into insider trading patterns and 12+ additional ProTips about WTS, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Watts Water Technologies reported fourth-quarter earnings for 2024 that exceeded analysts’ expectations, with both revenue and margins surpassing forecasts. This strong performance led Stifel to slightly raise its price target for the company to $219, maintaining a Hold rating. Additionally, Deutsche Bank (ETR:DBKGn) set a price target of $240, also with a Hold rating, citing the stock’s attractive valuation despite its historical underperformance. Watts Water has announced a restructuring program in France, which will incur pre-tax charges of $22 million and is expected to yield annual pre-tax savings of around $3 million by the end of 2026. The company also declared a quarterly dividend of $0.43 per share, scheduled for payment in March 2025, continuing its tradition of returning value to shareholders. These developments reflect Watts Water’s strategic focus on optimizing operations and maintaining financial stability. The company’s guidance for 2025 indicates lower than expected organic revenue growth, but its EPS projections remain optimistic due to strategic acquisitions and product rationalization efforts. Investors are advised to note these updates as they offer insights into Watts Water’s financial health and strategic direction.
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