Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Watts Water Technologies, Inc shares valued at $1,239,622 were sold by Patel Shashank on Nov 08 ’24. At $208.94 per share, Patel Shashank sold 5,933 shares. The insider’s holdings dropped to 9,702 shares worth approximately $1.96 million following the completion of this transaction.
Also, Patel Shashank sold 4,569 shares, netting a total of over 955,378 in proceeds. Following the sale of shares at $209.10 each, the insider now holds 15,635 shares.
Before that, Pagano Robert J Jr had sold 20,810 shares from its account. In a trade valued at $4,415,952, the President and CEO traded Watts Water Technologies, Inc shares for $212.20 each. Upon closing the transaction, the insider’s holdings decreased to 20,810 shares, worth approximately $35.5 million.
As published in their initiating research note from Deutsche Bank on December 17, 2024, Watts Water Technologies, Inc [WTS] has been a Hold and the price target has been revised to $240. Analysts at Northcoast upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of January 11, 2023, Deutsche Bank has decreased its “Buy” rating to a “Hold” for WTS. Earlier on August 18, 2022, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for WTS stock.
Analyzing WTS Stock Performance
During the last five days, there has been a drop of approximately -0.81%. Over the course of the year, Watts Water Technologies, Inc shares have dropped approximately -0.81%. Shares of the company reached a 52-week high of $205.68 on 01/02/25 and a 52-week low of $196.94 on 01/08/25. A 50-day SMA is recorded $208.36, while a 200-day SMA reached $200.77. Nevertheless, trading volume fell to 95563.0 shares from 0.14 million shares the previous day.
Support And Resistance Levels for Watts Water Technologies, Inc (WTS)
According to the 24-hour chart, there is a support level at 198.42, which, if violated, would cause prices to drop to 195.19. In the upper region, resistance lies at 203.41. The next price resistance is at 205.16. RSI (Relative Strength Index) is 40.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.89, which suggests the price will decrease in the coming days. Percent R is at 75.65%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
