Watsco, Inc. (NYSE:WSO) Stock Holdings Trimmed by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Watsco, Inc. (NYSE:WSO - Free Report) by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 262,437 shares of the construction company's stock after selling 67,670 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.65% of Watsco worth $124,402,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WSO. FMR LLC raised its position in shares of Watsco by 10.6% in the 3rd quarter. FMR LLC now owns 3,624,159 shares of the construction company's stock valued at $1,782,651,000 after purchasing an additional 346,470 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Watsco by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 3,618,109 shares of the construction company's stock worth $1,714,586,000 after buying an additional 52,127 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Watsco by 9.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,371,535 shares of the construction company's stock valued at $649,957,000 after acquiring an additional 118,713 shares in the last quarter. State Street Corp boosted its stake in Watsco by 5.9% during the 3rd quarter. State Street Corp now owns 1,173,762 shares of the construction company's stock valued at $577,350,000 after acquiring an additional 65,846 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Watsco by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 704,330 shares of the construction company's stock worth $345,783,000 after acquiring an additional 63,254 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Watsco Trading Down 2.6 %

NYSE WSO traded down $13.58 during trading hours on Friday, reaching $500.42. The company's stock had a trading volume of 226,579 shares, compared to its average volume of 252,562. The business has a 50-day simple moving average of $496.12 and a 200 day simple moving average of $498.48. Watsco, Inc. has a 52 week low of $396.82 and a 52 week high of $571.42. The stock has a market cap of $20.22 billion, a PE ratio of 37.77 and a beta of 0.92.

Watsco (NYSE:WSO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 17.59% and a net margin of 7.04%. As a group, equities analysts predict that Watsco, Inc. will post 14.62 EPS for the current year.

Watsco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 dividend yield of 2.16%. Watsco's dividend payout ratio is currently 81.51%.

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.