Transaction details
On February 20, 2026, Watts Water Technologies Inc. (NYSE: WTS) director Timothy P. Horne sold 7,500 shares of the company's Class A Common Stock for a gross proceeds amounting to $2,475,300. The individual share prices in the disposition ranged from $330.00 to $330.90. Those trade levels compared with a reported share price of $323.10 contemporaneous to the disclosure.
Post-sale ownership
Following the sale, Horne retains direct ownership of 7,500 shares, which are held through a revocable trust. The filing indicates the transaction was completed directly and that the trust now reflects his continuing stake.
Share performance and valuation context
Watts Water Technologies has produced a robust one-year return of 53% for shareholders. At the same time, InvestingPro analysis referenced in the disclosure designates the stock as currently overvalued relative to its Fair Value. For investors seeking more detailed valuation and performance data, a Pro Research Report is available for WTS and for more than 1,400 other U.S. equities.
Dividend announcement
The company has declared a quarterly dividend of $0.52 per share, scheduled to be paid on March 13, 2026, to shareholders of record as of February 27, 2026.
Analyst activity
Recent analyst actions show a range of views on Watts Water Technologies. KeyBanc upgraded the stock to an Overweight rating and set a price target of $340, citing a constructive outlook for 2026. TD Cowen raised its price target to $275 while maintaining a Hold rating and emphasizing the company's strong pricing and disciplined capital deployment. RBC Capital initiated coverage with a Sector Perform rating and a $288 price target, noting the firm's competitive position in plumbing and HVAC solutions. Jefferies also began coverage with a Hold rating and a $300 price target, highlighting growth potential tied to the company's repair and replacement mix and stable exposure to institutional markets.
Market implications and summary
The director's sale occurred against a backdrop of strong share-price appreciation and diverse analyst perspectives on near-term prospects and valuation. The company continues to return capital to shareholders through its quarterly dividend, while external equity research presents both upward and conservative price targets. These developments offer investors additional datapoints to weigh when assessing Watts Water Technologies' near-term outlook and valuation.
Note on scope - The article reflects the transactions, dividend declaration, share-performance figures, InvestingPro valuation commentary and stated analyst ratings and price targets as disclosed. No additional events, dates or figures beyond those provided are included.