Watsco, Inc. (NYSE:WSO) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC decreased its stake in Watsco, Inc. (NYSE:WSO - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,936 shares of the construction company's stock after selling 1,649 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.07% of Watsco worth $14,206,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in shares of Watsco during the 4th quarter worth $31,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Watsco in the fourth quarter valued at approximately $36,000. Quarry LP increased its stake in shares of Watsco by 57.9% during the 3rd quarter. Quarry LP now owns 90 shares of the construction company's stock worth $44,000 after purchasing an additional 33 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Watsco during the 3rd quarter worth approximately $48,000. Finally, Atala Financial Inc purchased a new stake in Watsco in the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 89.71% of the company's stock.

Wall Street Analysts Forecast Growth

WSO has been the subject of several recent research reports. Raymond James initiated coverage on Watsco in a report on Friday, January 17th. They issued a "market perform" rating for the company. Loop Capital boosted 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. Finally, Robert W. Baird lifted their price target on shares of Watsco from $540.00 to $560.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $486.25.

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Watsco Trading Down 2.6 %

Shares of NYSE WSO traded down $13.58 on Friday, reaching $500.42. 226,579 shares of the company traded hands, compared to its average volume of 252,562. The stock has a market capitalization of $20.22 billion, a PE ratio of 37.77 and a beta of 0.92. Watsco, Inc. has a fifty-two week low of $396.82 and a fifty-two week high of $571.42. The company has a 50 day moving average of $496.12 and a 200 day moving average of $498.48.

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

Watsco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Friday, January 17th. Watsco's payout ratio is currently 81.51%.

About Watsco

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.