2,100 Shares in Watsco, Inc. (NYSE:WSO) Purchased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd acquired a new stake in Watsco, Inc. (NYSE:WSO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,100 shares of the construction company's stock, valued at approximately $995,000.

Other hedge funds have also bought and sold shares of the company. Toronto Dominion Bank lifted its position in Watsco by 32.2% during the third quarter. Toronto Dominion Bank now owns 4,258 shares of the construction company's stock valued at $2,094,000 after purchasing an additional 1,038 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in Watsco by 40.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,217 shares of the construction company's stock valued at $1,582,000 after purchasing an additional 929 shares during the last quarter. Larson Financial Group LLC lifted its position in Watsco by 3,571.0% during the third quarter. Larson Financial Group LLC now owns 1,138 shares of the construction company's stock valued at $560,000 after purchasing an additional 1,107 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Watsco by 1.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 64,758 shares of the construction company's stock valued at $31,853,000 after purchasing an additional 1,074 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Watsco by 5.6% during the third quarter. Franklin Resources Inc. now owns 51,590 shares of the construction company's stock valued at $25,645,000 after purchasing an additional 2,738 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors.

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Watsco Price Performance

Watsco stock traded down $2.02 during mid-day trading on Wednesday, reaching $507.41. 246,614 shares of the company traded hands, compared to its average volume of 247,146. The firm's 50 day moving average price is $491.26 and its 200 day moving average price is $495.86. The firm has a market capitalization of $20.50 billion, a price-to-earnings ratio of 38.30 and a beta of 0.92. Watsco, Inc. has a 52-week low of $396.82 and a 52-week high of $571.42.

Watsco (NYSE:WSO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.24. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.67 billion. Watsco had a net margin of 7.04% and a return on equity of 17.59%. On average, sell-side analysts anticipate that Watsco, Inc. will post 14.62 EPS for the current year.

Watsco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $2.70 dividend. The ex-dividend date was Friday, January 17th. This represents a $10.80 annualized dividend and a dividend yield of 2.13%. Watsco's payout ratio is 81.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WSO shares. Raymond James started coverage on shares of Watsco in a report on Friday, January 17th. They issued a "market perform" rating for the company. Robert W. Baird boosted their price objective on shares of Watsco from $540.00 to $560.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Loop Capital boosted their price objective on shares of Watsco from $450.00 to $460.00 and gave the stock a "hold" rating in a report on Thursday, February 27th. Finally, Northcoast Research initiated coverage on shares of Watsco in a research note on Friday, November 22nd. They issued a "neutral" rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Watsco has a consensus rating of "Hold" and an average target price of $486.25.

Watsco Company 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.