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Insiders at Watts Industries (WTS) Make Significant Stock Sales Extends the Trend of Last Quarter

05/11/2021 18:20

10:20 PM EDT, 05/11/2021 (MT Newswires) -- A substantial level of insider sales in Watts Industries was disclosed in form 4 documents filed with the SEC today. Two insiders -- Kenneth Robert Lepage, Officer, and Munish Nanda, Officer -- sold 22,184 shares in the company having a market value of approximately $3,012,001. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 24,335 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 46,519 shares and have averaged 9,304 shares per transaction over this time period.

Today's Insider Activity

Over the last 90 days, the number of insider buy/sell trades at Watts Industries is higher than its 6-company peer group average. The Industrial Valve Manufacturing peer group saw 11 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Watts Industries insiders is lower than its peers. Within the peer group there were 0 shares purchased and 279,284 shares sold with company insiders selling 25,389 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in composing and writing this story.

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.