In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Watts Water Technologies Inc. (NYSE:WTS) reported that Horne Timothy P. has picked up 6,329,290 of common stock as of 2017-01-31.
The acquisition brings the aggregate amount owned by Horne Timothy P. to a total of 6,329,290 representing a 18.5% stake in the company.
For those not familiar with the company, Watts Water Technologies, Inc. (Watts) is a supplier of products and solutions that manage and conserve the flow of fluids and energy into, through and out of buildings in the residential and commercial markets. The Company, through its subsidiary, Watts Regulator Co., is engaged in manufacturing products and systems focused on the control, conservation and quality of water, and safety of the people using it. The Company’s operating segments include Americas, EMEA and Asia-Pacific. The Company distributes its products through primary distribution channels, including wholesale, original equipment manufacturers (OEMs) and do-it-yourself (DIY). The Company offers a range of products in terms of design distinction, size and configuration. It offers products in four product lines, including residential and commercial flow control products; heating, ventilation and air conditioning (HVAC) and gas products; drainage and water re-use products, and water quality products.
A glance at Watts Water Technologies Inc. (NYSE:WTS)’s key stats reveals a current market capitalization of 2.24 billion based on 27.88 million shares outstanding and a price at last close of $65.51 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2010-09-10, Tfg picked up 3,050 at a purchase price of $32.49. This brings their total holding to 8,247 as of the date of the filing.
On the sell side, the most recent transaction saw Cathcartunload 500 shares at a sale price of $68.50. This brings their total holding to 17,132.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Watts Water Technologies Inc. (NYSE:WTS) as things move forward to see if its progress aligns with these transactions.
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