Timothy Horne (10% owner) sells 7,500 WTS shares at $330.04, reducing stake by 50% to 7,500 shares ($2.5M)
HORNE TIMOTHY P, a 10% owner of Watts Water Technologies, executed a $2,475,300.00 sale of 7,500 shares at $330.04, cutting his holdings exactly in half from 15,000 to 7,500 shares. This represents a substantial stake reduction at a price very near the 52-week high of $336.18 ($330.04 is -3.6% from peak). His prior five trades at WTS show mixed timing: four of five posts-sale periods saw positive 90-day returns (ranging +0.2% to +20.0%), with only one prior trade among the five well-timed at the 90-day mark—a historically weak batting average despite the strong recent price momentum (+8.2% in 30 days, +16.6% in 90 days). The company itself shows healthy fundamentals with $611.7M in latest-quarter revenue, $82.2M net income, and +8.3% annual revenue growth, though the P/E of 31.86 reflects a valuation premium. The timing near multi-year highs and the 50% stake reduction warrant close attention.