CFO Patel sells 8,000 shares (74.4% of holdings) for $2.0M at $245.00 blended average.
Shashank Patel, Chief Financial Officer of Watts Water Technologies, executed 2 separate sales totaling 8,000 shares for $1,960,003.20 on 2025-05-12, reducing his holdings from 10,754 shares to 2,754 shares—a 74.4% reduction of pre-transaction holdings. The blended average sale price of $245.00 sits near the 52-week high of $245.88 and represents a substantial divestiture just 1.0% below the 52-week high. Examining historical patterns, Patel's prior 4 trades at WTS all posted negative 90-day returns (ranging from -1.8% to -0.8%), and his cross-ticker track record shows 4 prior sells with a 100.00% well-timed rate, suggesting a pattern of selling near peaks before stock declines. However, the stock has appreciated 25.6% over the past 30 days and 10.1% over 90 days, so the immediate aftermath of this filing will be an important test of whether the pattern holds or whether this sale reflects a different driver such as liquidity needs or rebalancing.