Atomi Financial Group Inc. increased its position in Watsco, Inc. (NYSE:WSO - Free Report) by 60.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,565 shares of the construction company's stock after purchasing an additional 592 shares during the period. Atomi Financial Group Inc.'s holdings in Watsco were worth $742,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. J. W. Coons Advisors LLC raised its stake in Watsco by 0.7% during the third quarter. J. W. Coons Advisors LLC now owns 2,999 shares of the construction company's stock valued at $1,475,000 after buying an additional 20 shares during the last quarter. My Legacy Advisors LLC boosted its stake in Watsco by 3.2% in the 4th quarter. My Legacy Advisors LLC now owns 687 shares of the construction company's stock worth $329,000 after purchasing an additional 21 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Watsco by 30.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company's stock worth $46,000 after purchasing an additional 22 shares in the last quarter. CWM LLC increased its stake in Watsco by 2.6% during the 3rd quarter. CWM LLC now owns 952 shares of the construction company's stock valued at $468,000 after purchasing an additional 24 shares in the last quarter. Finally, MCF Advisors LLC raised its holdings in Watsco by 27.8% in the third quarter. MCF Advisors LLC now owns 115 shares of the construction company's stock worth $57,000 after buying an additional 25 shares during the last quarter. Institutional investors own 89.71% of the company's stock.
Analyst Upgrades and Downgrades
WSO has been the subject of several analyst reports. Northcoast Research initiated coverage on shares of Watsco in a research report on Friday, November 22nd. They set a "neutral" rating for the company. Robert W. Baird decreased their price target on Watsco from $550.00 to $540.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Finally, Raymond James started coverage on Watsco in a report on Friday, January 17th. They issued a "market perform" rating for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $488.33.
Check Out Our Latest Report on WSO
Watsco Stock Performance
Shares of WSO stock traded down $7.67 on Thursday, reaching $497.97. The stock had a trading volume of 139,640 shares, compared to its average volume of 224,712. Watsco, Inc. has a 1 year low of $373.33 and a 1 year high of $571.41. The stock has a market cap of $20.11 billion, a P/E ratio of 38.48 and a beta of 0.95. The company has a 50 day simple moving average of $506.37 and a 200 day simple moving average of $492.88.
Watsco (NYSE:WSO - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $4.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.73 by ($0.51). Watsco had a return on equity of 17.77% and a net margin of 6.99%. The firm had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same period in the previous year, the business posted $4.35 earnings per share. The company's revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Watsco, Inc. will post 13.03 earnings per share for the current fiscal year.
Watsco Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $2.70 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $10.80 annualized dividend and a yield of 2.17%. Watsco's dividend payout ratio (DPR) is 83.46%.
Insider Buying and Selling at Watsco
In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total transaction of $5,589,293.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.86% of the stock is owned by corporate insiders.
Watsco Profile
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Free Report)
Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.
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