Billionaire Mario Gabelli’s Top 15 Stock Picks

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14. Watts Water Technologies, Inc. (NYSE:WTS)

Number of Hedge Fund Holders: 24  

GAMCO Investors’ Stake: $99.7 million

Watts Water Technologies, Inc. (NYSE:WTS) makes and sells systems that manage and control the flow of fluids and energy. The following elements demonstrate why this company is an excellent investment choice. Firstly, the report for the third quarter of 2024 reflects the company’s robust financial growth, including contributions from acquisition. For instance, reported sales of $544 million increased 8%. Secondly, the company’s acquisition of I-CON Systems adds great worth to the company’s investment portfolio. This would allow the company to expand its digital water management solutions and particularly target the institutional market with innovative water management systems. This acquisition also aligns with Watts’ ongoing strategy to develop smart and connected products with IoT connectivity. Moreover, the company continues its partnership supporting Planet Water Foundation and its impactful Project 24 campaign to help expand access to clean water for vulnerable communities around the world.

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