Gamco cuts stake in Watts Water to 12.71%

By Lisa Kerner

Charlotte, N.C., March 25 - Watts Water Technologies, Inc. investors led by Gamco Asset Management, Inc. sold 18,516 shares of the company's stock between Jan. 26 and March 23 priced from $16.29 to $24.41 per share.

The total number of shares beneficially owned by Gamco and its affiliates is 3,736,550 representing 12.71% of the company's outstanding stock, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.

Watts Water is a North Andover, Mass.-based plumbing equipment manufacturing company.

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