Watts Water Technologies Inc (WTS): Billionaire Mario Gabelli’s GAMCO Investors Slightly Decreases Its Stake

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A newly-amended filing with the US Securities and Exchange Commission revealed that billionaire Mario Gabelli’s GAMCO Investors and its affiliates own in aggregate 2.14 million Class A common shares of Watts Water Technologies Inc (NYSE:WTS), which account for 7.69% of the company’s outstanding stock. Out of the aggregate amount  GAMCO solely owns 1.53 million shares, which represent a slight decrease since GAMCO reported holding 1.56 million shares in its last 13F filing (for the end of March).

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Watts Water Technologies (NYSE:WTS) is a company that provides fluids and energy flow solutions for the buildings, and through its subsidiary, Watts Regulator, it works on developing systems that can more efficiently maintain the quality of the water and control its flow. Since the beginning of the year, the company’s stock has gained 11.9%. For the first quarter of 2016, Watts Water Technologies recently reported earnings per share of $0.57, and revenue of $344.2 million, beating the estimates of $0.49 and $337 million, respectively. Recently, Watts Water Technologies has opened Watts Works Learning Center in North Andover, MA, which is a special facility in which customers and sales representatives can learn about the company’s systems and products.

At the end of March, among hedge funds tracked by Insider Monkey, Robert Joseph Caruso’s Select Equity Group, reported the most valuable position in Watts Water Technologies (NYSE:WTS), worth around $130.11 billion, and the second biggest position was disclosed by Ian Simm’s Impax Asset Management. Remaining investors that were bullish on this stock are James A. Noonan’s Pivot Point Capital, Phill Gross And Robert Atchinson’s Adage Capital Management, Israel Englander’s Millennium Management, Chuck Royce’s Royce & Associates, and Jim Simons’ Renaissance Technologies.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Gabelli Funds 609,965 609,965 609,965 2.19%
GAMCO Asset Management Inc. I.D. No. 13-40445 1,438,131 1,531,031 1,531,031 5.50%
GGCP, Inc. I.D. No. 13-3056041 0.00%
Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) 0.00%
GAMCO Investors, Inc. I.D. No. 13-400786 0.00%
Mario J. Gabelli 0.00%

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Page 1 of 15 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934 (Amendment No. 48)
Watts Water Technologies, Inc.
(Name of Issuer)
Class A Common Stock, Par Value $0.10 Per Share
(Title of Class of Securities)
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
______________May 16, 2016___________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  .

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