Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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

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).

Follow Watts Water Technologies Inc (NYSE:WTS)
Trade (NYSE:WTS) Now!

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%

Mario Gabelli
Mario Gabelli
GAMCO Investors

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  .

Follow Watts Water Technologies Inc (NYSE:WTS)
Trade (NYSE:WTS) Now!

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.