CEO Robert J Pagano Jr sold 16,066 shares at blended avg $327.31 for $5,258,485.50 on 2026-02-19
Robert J Pagano Jr, President and CEO of Watts Water Technologies, executed 6 separate sales totaling 16,066 shares for $5,258,485.50 at prices ranging from $325.75 to $330.26, reducing his holdings by 7.8% to 191,202 shares post-transaction. The sales occurred near the company's 52-week high of $336.18, with the blended average price of $327.31 only 2.8% below that peak and the stock up 8.5% over the prior 30 days and 19.9% over 90 days, reflecting strong recent momentum. Pagano's same-ticker history at WTS shows mixed timing outcomes: two recent November 2024 sells were poorly timed (both posted negative 90-day returns of -3.3% and -3.0%), while two May 2023 sells proved well-timed (both posted positive 90-day returns of 11.8% and 12.2%). The company trades at a P/E of 37.55 against strong fundamentals (annual revenue growth of +9.5%, with latest-quarter revenue of $611,700,000.00 and net income of $82,200,000.00), but the elevated valuation combined with the large sale size by the company's chief executive warrants investor attention to whether the CEO's conviction in current levels has shifted.