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Insider Trends: Insider Prolongs 90-Day Selling Trend at Watts Industries

05/10/2021 07:15

11:08 AM EDT, 05/10/2021 (MT Newswires) -- Kenneth Robert Lepage, General Counsel, executed a sale of 14,301 shares of Watts Industries (WTS) on May 07, 2021, for $1,941,095. Lepage, subsequent to the transactions designated in the SEC Form 4 filing, owns 25,912 shares of the company, with a market value, based on the prior-day closing price, of $3.53 million.

During the most recent 90-day period, previous to the date of this filing, there have been 25 insider transactions reported to the SEC for Watts Industries. These transactions came from the activities of 6 separate insiders that resulted in a net acquisition of 2,415 company shares. This compares with the preceding 90-day window of time where there were 19 transactions from 8 insiders which resulted in the net disposition of 63,028 shares.

This represents a lower level of transactions than the peer group average in the 6-company Industrial Valve Manufacturing peer group over the last 90-day period. Within the peer group activity averaged 101.0 transactions per company, and disposition of 1,019,533 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/795403/000122520821007823/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.