5,534 Shares in Watsco, Inc. (NYSE:WSO) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new position in Watsco, Inc. (NYSE:WSO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,534 shares of the construction company's stock, valued at approximately $2,623,000.

Several other large investors also recently bought and sold shares of the company. Rialto Wealth Management LLC purchased a new position in shares of Watsco in the fourth quarter valued at $31,000. Wingate Wealth Advisors Inc. purchased a new position in Watsco in the 4th quarter valued at about $36,000. Quarry LP grew its stake in shares of Watsco by 57.9% during the third quarter. Quarry LP now owns 90 shares of the construction company's stock valued at $44,000 after acquiring an additional 33 shares in the last quarter. Atala Financial Inc purchased a new stake in shares of Watsco during the fourth quarter worth about $49,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Watsco in the fourth quarter worth about $50,000. Institutional investors and hedge funds own 89.71% of the company's stock.

Watsco Stock Up 1.2 %

Shares of NYSE:WSO traded up $5.77 on Wednesday, reaching $468.95. 76,173 shares of the company's stock were exchanged, compared to its average volume of 253,668. The business's 50-day moving average is $495.06 and its two-hundred day moving average is $498.77. Watsco, Inc. has a fifty-two week low of $396.82 and a fifty-two week high of $571.42. The firm has a market capitalization of $18.95 billion, a price-to-earnings ratio of 35.39 and a beta of 1.00.

Watsco (NYSE:WSO - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.24. Watsco had a net margin of 7.04% and a return on equity of 17.59%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.67 billion. Analysts predict that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $3.00 per share. This is an increase from Watsco's previous quarterly dividend of $2.70. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $12.00 annualized dividend and a dividend yield of 2.56%. Watsco's payout ratio is 90.57%.

Analysts Set New Price Targets

WSO has been the subject of a number of recent analyst reports. Raymond James assumed coverage on Watsco in a research note on Friday, January 17th. They set a "market perform" rating for the company. Robert W. Baird increased their price objective on shares of Watsco from $540.00 to $560.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, Loop Capital increased their price target on shares of Watsco from $450.00 to $460.00 and gave the stock a "hold" rating in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $486.25.

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.