Thursday, February 22, 2018 10:15 PM ET
Insider Selling in Watts Industries (WTS) Shares Continues
There was a significant sale of shares of Watts Industries by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Robert J Pagano Jr, Officer — sold 20,478 shares in the company having a market value of approximately $1,573,341. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 15,803 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 36,281 shares and have averaged 18,141 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Watts Industries is greater than the 5-company peer group average. Industrial Valve Manufacturing peer group saw 2 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Watts Industries insiders was also higher. Within the peer group there were 0 shares purchased and 22,090 shares sold with company insiders selling 11,045 shares on average.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data obtained to create and write this story.
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