Gamco, Gabelli sell shares, maintain 13.29% stake in Watts Water

By Lisa Kerner

Charlotte, N.C., May 10 - Watts Water Technologies, Inc. investors led by Gamco Asset Management, Inc. and Gabelli Funds LLC sold 211,420 shares of the company's stock between March 8 and May 8 priced from $36.07 to $41.01 per share.

The total number of shares beneficially owned by the reporting persons is 4,166,145, or 13.29%, of the company's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.

On Feb. 12, the investors reported owning 4,432,714 shares, or a 17.42% stake, in the North Andover, Mass.-based plumbing equipment manufacturing company.

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