Is Watts Water Technologies Inc (WTS) Going to Burn These Hedge Funds?

Page 1 of 2

Is Watts Water Technologies Inc (NYSE:WTS) a good investment?

To the average investor, there are tons of indicators market participants can use to track the equity markets. Two of the best are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top money managers can outclass the S&P 500 by a superb amount (see just how much).

Just as necessary, optimistic insider trading sentiment is another way to analyze the financial markets. As the old adage goes: there are a variety of stimuli for an upper level exec to get rid of shares of his or her company, but just one, very clear reason why they would buy. Many empirical studies have demonstrated the impressive potential of this tactic if shareholders understand where to look (learn more here).

Furthermore, we’re going to discuss the recent info about Watts Water Technologies Inc (NYSE:WTS).

How have hedgies been trading Watts Water Technologies Inc (NYSE:WTS)?

In preparation for the third quarter, a total of 11 of the hedge funds we track were bullish in this stock, a change of 10% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their stakes considerably.

Watts Water Technologies Inc (NYSE:WTS)When using filings from the hedgies we track, Mario Gabelli’s GAMCO Investors had the largest position in Watts Water Technologies Inc (NYSE:WTS), worth close to $88.8 million, comprising 0.6% of its total 13F portfolio. Coming in second is Impax Asset Management, managed by Ian Simm, which held a $41.1 million position; the fund has 4.9% of its 13F portfolio invested in the stock. Remaining hedgies with similar optimism include James A. Noonan’s Pivot Point Capital, John I. Dickerson’s Summit Global Management and Joel Greenblatt’s Gotham Asset Management.

Now, specific money managers were breaking ground themselves. GAMCO Investors, managed by Mario Gabelli, assembled the most valuable position in Watts Water Technologies Inc (NYSE:WTS). GAMCO Investors had 88.8 million invested in the company at the end of the quarter. Ian Simm’s Impax Asset Management also made a $41.1 million investment in the stock during the quarter. The following funds were also among the new WTS investors: James A. Noonan’s Pivot Point Capital, John I. Dickerson’s Summit Global Management, and Joel Greenblatt’s Gotham Asset Management.

What have insiders been doing with Watts Water Technologies Inc (NYSE:WTS)?

Insider buying is particularly usable when the company we’re looking at has seen transactions within the past half-year. Over the last half-year time period, Watts Water Technologies Inc (NYSE:WTS) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to Watts Water Technologies Inc (NYSE:WTS). These stocks are Sun Hydraulics Corporation (NASDAQ:SNHY), Mueller Water Products, Inc. (NYSE:MWA), EnPro Industries, Inc. (NYSE:NPO), TriMas Corp (NASDAQ:TRS), and Barnes Group Inc. (NYSE:B). This group of stocks are in the industrial equipment & components industry and their market caps match WTS’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!