MassMutual Private Wealth & Trust FSB Grows Stock Position in Watsco, Inc. (NYSE:WSO)

MassMutual Private Wealth & Trust FSB grew its position in Watsco, Inc. (NYSE:WSO - Free Report) by 879.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 921 shares of the construction company's stock after purchasing an additional 827 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Watsco were worth $436,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of Watsco by 3.9% during the second quarter. American Century Companies Inc. now owns 13,733 shares of the construction company's stock valued at $6,362,000 after acquiring an additional 513 shares during the period. Thrivent Financial for Lutherans raised its holdings in Watsco by 6.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 39,679 shares of the construction company's stock worth $18,381,000 after purchasing an additional 2,458 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in Watsco during the 2nd quarter valued at about $677,000. Evergreen Capital Management LLC boosted its stake in shares of Watsco by 70.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,076 shares of the construction company's stock valued at $498,000 after purchasing an additional 445 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Watsco by 213.2% during the 2nd quarter. Bank of Montreal Can now owns 32,972 shares of the construction company's stock worth $15,903,000 after buying an additional 22,446 shares during the period. Institutional investors own 89.71% of the company's stock.

Insider Transactions at Watsco

In related 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 value of $5,589,293.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.86% of the company's stock.

Watsco Stock Up 0.2 %

Shares of WSO stock traded up $0.86 on Wednesday, reaching $505.84. The company had a trading volume of 158,946 shares, compared to its average volume of 231,341. The stock has a market capitalization of $20.43 billion, a PE ratio of 39.09 and a beta of 0.95. The business's 50-day moving average is $507.11 and its 200 day moving average is $492.78. Watsco, Inc. has a one year low of $373.33 and a one year high of $571.41.

Watsco (NYSE:WSO - Get Free Report) last released its quarterly 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 net margin of 6.99% and a return on equity of 17.77%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business posted $4.35 EPS. Watsco's revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Watsco, Inc. will post 13.03 earnings per share for the current fiscal year.

Watsco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $2.70 per share. The ex-dividend date is Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a yield of 2.14%. Watsco's payout ratio is currently 83.46%.

Analysts Set New Price Targets

WSO has been the topic of a number of analyst reports. Raymond James began coverage on Watsco in a research note on Friday, January 17th. They issued a "market perform" rating on the stock. Robert W. Baird reduced their target price on shares of Watsco from $550.00 to $540.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Finally, Northcoast Research began coverage on shares of Watsco in a report on Friday, November 22nd. They set a "neutral" rating for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $488.33.

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.