Natixis Advisors LLC Sells 3,863 Shares of Watsco, Inc. (NYSE:WSO)

Natixis Advisors LLC lessened its holdings in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,852 shares of the construction company's stock after selling 3,863 shares during the period. Natixis Advisors LLC owned approximately 0.22% of Watsco worth $43,705,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Watsco in the second quarter worth $26,000. EntryPoint Capital LLC lifted its stake in shares of Watsco by 100.0% during the first quarter. EntryPoint Capital LLC now owns 58 shares of the construction company's stock valued at $25,000 after buying an additional 29 shares during the period. Tortoise Investment Management LLC raised its stake in Watsco by 76.2% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the construction company's stock worth $34,000 after purchasing an additional 32 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Watsco in the third quarter worth $43,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Watsco by 30.6% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company's stock valued at $46,000 after purchasing an additional 22 shares in the last quarter. 89.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on WSO shares. 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. JPMorgan Chase & Co. upped their price objective on shares of Watsco from $420.00 to $425.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st.

Watsco Stock Up 1.2 %

Shares of NYSE:WSO traded up $6.43 during midday trading on Monday, hitting $527.17. The stock had a trading volume of 181,641 shares, compared to its average volume of 283,556. Watsco, Inc. has a 12 month low of $373.33 and a 12 month high of $545.49. The business's 50-day simple moving average is $492.47 and its 200-day simple moving average is $482.70. The company has a market cap of $21.29 billion, a P/E ratio of 40.24 and a beta of 0.88.

Watsco (NYSE:WSO - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $4.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.73 by ($0.51). The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.24 billion. Watsco had a net margin of 6.99% and a return on equity of 17.77%. The company's revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.35 EPS. As a group, equities analysts predict that Watsco, Inc. will post 13.06 earnings per share for the current year.

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a $2.70 dividend. This represents a $10.80 annualized dividend and a yield of 2.05%. The ex-dividend date was Wednesday, October 16th. Watsco's payout ratio is presently 83.46%.

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.