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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

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