Semanteon Capital Management LP Acquires 1,548 Shares of Watsco, Inc. (NYSE:WSO)

Semanteon Capital Management LP raised its position in Watsco, Inc. (NYSE:WSO - Free Report) by 202.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,313 shares of the construction company's stock after purchasing an additional 1,548 shares during the quarter. Semanteon Capital Management LP's holdings in Watsco were worth $1,138,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in shares of Watsco by 48,984.7% in the 3rd quarter. International Assets Investment Management LLC now owns 233,643 shares of the construction company's stock valued at $114,924,000 after buying an additional 233,167 shares during the last quarter. Motley Fool Asset Management LLC increased its position in Watsco by 263.6% during the 1st quarter. Motley Fool Asset Management LLC now owns 320,008 shares of the construction company's stock valued at $138,234,000 after purchasing an additional 231,987 shares during the period. Swedbank AB acquired a new stake in Watsco during the 1st quarter valued at approximately $90,714,000. Vanguard Group Inc. increased its position in Watsco by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 3,411,894 shares of the construction company's stock valued at $1,473,836,000 after purchasing an additional 146,305 shares during the period. Finally, Jennison Associates LLC raised its holdings in Watsco by 50.9% during the 1st quarter. Jennison Associates LLC now owns 185,633 shares of the construction company's stock worth $80,188,000 after purchasing an additional 62,593 shares during the last quarter. 89.71% of the stock is owned by institutional investors and hedge funds.

Watsco Trading Up 0.8 %

Shares of WSO stock traded up $3.90 during trading hours on Monday, hitting $479.80. 167,267 shares of the company were exchanged, compared to its average volume of 290,218. The company has a 50 day simple moving average of $482.08 and a two-hundred day simple moving average of $474.60. The firm has a market cap of $19.34 billion, a P/E ratio of 36.91 and a beta of 0.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.65 and a current ratio of 3.36. Watsco, Inc. has a fifty-two week low of $343.04 and a fifty-two week high of $520.41.

Watsco (NYSE:WSO - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $4.22 EPS for the quarter, missing analysts' consensus estimates of $4.73 by ($0.51). Watsco had a return on equity of 17.77% and a net margin of 6.99%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the business posted $4.35 earnings per share. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Watsco, Inc. will post 13.43 EPS for the current year.

Watsco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be paid a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, October 16th. Watsco's dividend payout ratio (DPR) is currently 83.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WSO. JPMorgan Chase & Co. increased their price objective on shares of Watsco from $420.00 to $425.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. Robert W. Baird decreased their price target on Watsco from $550.00 to $540.00 and set an "outperform" rating for the company in a report on Thursday.

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.