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Insider Trends: Insider Sale at Watts Industries Scaling Back 90-Days of Buying

05/10/2021 07:14

11:07 AM EDT, 05/10/2021 (MT Newswires) -- Munish Nanda, President, Americas & Europe, on May 07, 2021, sold 7,883 shares in Watts Industries (WTS) for $1,070,906. Subsequent to the Form 4 filing with the SEC, Nanda owns 19,072 shares of the company, which have a market value of $2.60 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 24 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 10,298 company shares. In the preceding 90-day window of time, there were 19 transactions from 8 insiders which resulted in the net disposition of 63,028 shares.

This level of insider transactions is below that of the peer group average in the 6-company Industrial Valve Manufacturing peer group over the last 90-day period. Peer group activity averaged 100.8 transactions per company, and disposition of 1,019,314 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/795403/000122520821007822/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.