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

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!