Buck Wealth Strategies LLC Sells 1,609 Shares of Watsco, Inc. (NYSE:WSO)

Buck Wealth Strategies LLC lessened its holdings in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 10.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,477 shares of the construction company's stock after selling 1,609 shares during the period. Watsco makes up 2.1% of Buck Wealth Strategies LLC's portfolio, making the stock its 25th biggest position. Buck Wealth Strategies LLC's holdings in Watsco were worth $6,629,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC increased its position in shares of Watsco by 48,984.7% during the 3rd quarter. International Assets Investment Management LLC now owns 233,643 shares of the construction company's stock worth $114,924,000 after purchasing an additional 233,167 shares during the last quarter. Swedbank AB acquired a new position in shares of Watsco during the 1st quarter worth approximately $90,714,000. Vanguard Group Inc. increased its holdings in shares of Watsco by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 3,411,894 shares of the construction company's stock worth $1,473,836,000 after acquiring an additional 146,305 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Watsco by 225.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 38,830 shares of the construction company's stock worth $16,610,000 after buying an additional 26,911 shares during the period. Finally, Interval Partners LP bought a new position in Watsco during the 2nd quarter worth $11,740,000. Institutional investors own 89.71% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on WSO shares. JPMorgan Chase & Co. increased their target price on Watsco from $420.00 to $425.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Robert W. Baird reduced their price objective on Watsco from $550.00 to $540.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th.

Watsco Stock Up 2.0 %

Shares of WSO stock traded up $10.48 during mid-day trading on Wednesday, reaching $543.84. 84,777 shares of the stock traded hands, compared to its average volume of 284,186. The stock's fifty day simple moving average is $487.73 and its two-hundred day simple moving average is $480.99. Watsco, Inc. has a 1-year low of $373.33 and a 1-year high of $545.49. The company has a market cap of $21.96 billion, a price-to-earnings ratio of 41.60 and a beta of 0.88.

Watsco (NYSE:WSO - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.73 by ($0.51). Watsco had a return on equity of 17.77% and a net margin of 6.99%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business earned $4.35 earnings per share. Watsco's revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Watsco, Inc. will post 13.2 EPS for the current fiscal year.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a dividend of $2.70 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 1.99%. Watsco's dividend payout ratio (DPR) is 83.46%.

Watsco Profile

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.