Robert J. Pagano Jr., who serves as President and Chief Executive Officer of Watts Water Technologies Inc (NYSE:WTS), reported the sale of 14,266 shares of Class A Common Stock on February 19, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The disposition was carried out in multiple transactions and produced aggregate proceeds of $5.26 million. Executed trade prices ranged from $325.75 to $330.26 per share. After completing these sales, Pagano is listed as directly owning 191,202 shares of Watts Water Technologies.
The insider sale coincided with the stock trading near its 52-week high of $345.17, following a 51% gain over the prior 12 months. Separately, InvestingPro's analysis indicates that the stock currently appears overvalued relative to its Fair Value while also highlighting the company's conservative balance-sheet position, where cash exceeds debt.
InvestingPro offers further paid research on the name, including 19 additional ProTips and a comprehensive Pro Research Report for WTS for subscribers seeking deeper analytics and context.
Corporate actions and payout
Watts Water confirmed a quarterly dividend of $0.52 per share on both Class A and Class B common stock, with the dividend scheduled to be paid on March 13, 2026, to shareholders of record as of February 27, 2026. The dividend announcement was included among the recent company updates disclosed alongside the filing.
Analyst coverage and price targets
A series of analyst moves accompanied the filing disclosure:
- KeyBanc upgraded Watts Water to an Overweight rating and assigned a $340.00 price target, citing a compelling outlook for 2026.
- TD Cowen raised its price target on the company from $250.00 to $275.00 while maintaining a Hold rating, pointing to strong pricing and effective capital deployment as supporting factors.
- RBC Capital initiated coverage with a Sector Perform rating and set a $288.00 price target, emphasizing the firms competitive advantages and disciplined margins.
- Jefferies initiated coverage with a Hold rating and a $300.00 price target, noting growth prospects driven by the repair-and-replacement mix and steady exposure to institutional markets.
Context and takeaways
The Form 4 filing documents an executive sale executed at prices modestly below the stocks 52-week high, leaving Pagano with a substantial direct stake in the company. Market participants will note the juxtaposition of analyst optimism from some firms and InvestingPros valuation caution. Meanwhile, the scheduled dividend and the companys net cash position remain clear, concrete data points for investors monitoring both yield and leverage metrics.
All figures and statements in this report are drawn from the disclosures and analyst notes accompanying the Form 4 filing and the companys public announcements.