Anthony Brenner and Pivot Point Capital’s Stock Picks

2. Watts Water Technologies Inc (NYSE:WTS)

Watts Water Technologies Inc (NYSE:WTS) is the oldest position in Pivot Point Capital’s equity portfolio, as the fund has held shares of the company since the middle of 2011. At the end of June, it owned 381,117 shares of Watts Water Technologies Inc (NYSE:WTS) worth $24.09 million, which represented over 22% of its equity portfolio. In the meantime, the company’s stock has surged by over 80% and the company has been regularly increasing its dividend to the current $0.19 from the $0.11 per share it paid in 2011.