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Mario Gabelli Backs Watts Water Technologies (WTS) on Building Efficiency Trends
Yahoo Finance· 2026-03-11 21:22
Core Viewpoint - Watts Water Technologies Inc. (NYSE:WTS) is highlighted as a strong investment opportunity by billionaire Mario Gabelli, particularly in the context of building efficiency trends [1]. Company Performance - The stock has seen significant growth, rising 160% over the last 5 years, with a 36% increase in 2025 and a 12% rise so far this year [3]. - The company is recognized for its strong performance in the building-efficiency sector, alongside competitors like Johnson Controls [3]. Shareholder Activity - GAMCO Investors, which holds WTS as its 11th-largest position, has reduced its stake by approximately 3.5% to 425,854 shares, down from nearly 1 million shares in early 2020 [2]. - CEO Robert J. Pagano Jr. sold 16,066 shares at prices between $325 and $330, totaling around $5.26 million, reducing his stake by 7.8% while still retaining 191,202 shares [4]. Analyst Sentiment - Following strong Q4 results, Goldman Sachs raised the price target for WTS from $267 to $323 while maintaining a Neutral rating, citing a robust outlook for Q1 and FY26 [6][7]. - Baird also increased its price target for WTS from $312 to $361, maintaining a Neutral rating despite a positive outlook [7]. Company Overview - Watts Water Technologies Inc. specializes in water technologies and solutions aimed at enhancing safety, energy efficiency, and water conservation in both commercial and residential buildings [8].
Property Play: Saint-Gobain North America's chief talks building materials of the future
CNBC Television· 2026-02-10 13:24
CNBC's Diana Olick sits down with Mark Rayfield, CEO of Saint-Gobain North America, to discuss building efficiently, investing in the North American market and addressing housing affordability. ...