Watts Water Technologies president sells $394k in stock By Investing.com

Melhem Elie, President- APAC, M. East, Afr. at Watts Water Technologies Inc. (), sold 1,096 shares of the company’s Class A Common Stock on September 4, 2026. The transactions totaled approximately $394,066.

The shares were sold at prices ranging from $359.50 to $359.87 per share. The stock has since risen to $362.88, reflecting a strong year-to-date gain of 32.26%. Following these transactions, Mr. Elie directly owns 7,867 shares of Watts Water Technologies Class A Common Stock. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value estimate, placing it among companies on the Most Overvalued list. The company, valued at $12.11 billion, trades at a P/E ratio of 31.72. Investors seeking deeper insights can access comprehensive analysis through the Pro Research Report, available for WTS and over 1,400 US equities on InvestingPro.

In other recent news, Watts Water Technologies reported second-quarter 2026 results that surpassed expectations, with adjusted earnings per share of $3.66 and revenue reaching $763 million. These figures exceeded Wall Street forecasts, with earnings predictions set at $3.32 per share. The company has also increased its full-year sales and margin outlook. This positive performance reflects an 18% increase in adjusted earnings per share compared to the previous year. The recent developments indicate a strong financial position for Watts Water Technologies. Investors are likely to take note of these results as they consider future prospects.

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