EULAV Asset Management Has $26.49 Million Position in Watsco, Inc. (NYSE:WSO)

EULAV Asset Management grew its position in Watsco, Inc. (NYSE:WSO - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,900 shares of the construction company's stock after purchasing an additional 7,000 shares during the period. EULAV Asset Management owned about 0.14% of Watsco worth $26,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank raised its stake in Watsco by 32.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,258 shares of the construction company's stock worth $2,094,000 after buying an additional 1,038 shares during the period. Citizens Financial Group Inc. RI increased its holdings in shares of Watsco by 40.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,217 shares of the construction company's stock worth $1,582,000 after acquiring an additional 929 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Watsco by 3,571.0% during the third quarter. Larson Financial Group LLC now owns 1,138 shares of the construction company's stock worth $560,000 after purchasing an additional 1,107 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Watsco by 1.7% during the 3rd 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 in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Watsco by 5.6% in the 3rd 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 period. 89.71% of the stock is owned by institutional investors.

Watsco Stock Up 0.9 %

Shares of WSO stock traded up $4.05 during trading on Tuesday, reaching $471.99. The company's stock had a trading volume of 179,287 shares, compared to its average volume of 212,125. Watsco, Inc. has a one year low of $373.33 and a one year high of $571.41. The business has a fifty day moving average price of $488.57 and a 200-day moving average price of $491.37. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 36.48 and a beta of 0.95.

Watsco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a dividend of $2.70 per share. The ex-dividend date was Friday, January 17th. This represents a $10.80 annualized dividend and a yield of 2.29%. Watsco's dividend payout ratio (DPR) is presently 83.46%.

Insider Transactions at Watsco

In other news, EVP Barry S. Logan sold 10,998 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 12.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Robert W. Baird dropped their target price on shares of Watsco from $550.00 to $540.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Northcoast Research started coverage on shares of Watsco in a research note on Friday, November 22nd. They issued a "neutral" rating for the company. Finally, Raymond James assumed coverage on Watsco in a research note on Friday, January 17th. They issued a "market perform" rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $488.33.

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.