Watsco, Inc. (NYSE:WSO) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Watsco, Inc. (NYSE:WSO - Free Report) by 59.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,221 shares of the construction company's stock after buying an additional 2,316 shares during the quarter. Quantinno Capital Management LP's holdings in Watsco were worth $3,060,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of WSO. FMR LLC increased its holdings in shares of Watsco by 10.6% during the third quarter. FMR LLC now owns 3,624,159 shares of the construction company's stock worth $1,782,651,000 after buying an additional 346,470 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Watsco by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,252,822 shares of the construction company's stock valued at $616,357,000 after buying an additional 62,041 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Watsco by 1.2% in the second quarter. Blair William & Co. IL now owns 801,152 shares of the construction company's stock valued at $371,126,000 after acquiring an additional 9,141 shares in the last quarter. Markel Group Inc. increased its position in Watsco by 2.0% in the third quarter. Markel Group Inc. now owns 582,500 shares of the construction company's stock worth $286,520,000 after buying an additional 11,250 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Watsco by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 393,032 shares of the construction company's stock valued at $182,068,000 after acquiring an additional 6,320 shares during the period. 89.71% of the stock is owned by institutional investors.

Watsco Stock Down 1.1 %

NYSE:WSO traded down $5.95 during midday trading on Tuesday, hitting $516.42. The stock had a trading volume of 63,402 shares, compared to its average volume of 277,383. The stock has a 50-day moving average of $510.84 and a 200 day moving average of $490.19. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 40.37 and a beta of 0.92. 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 issued its quarterly 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). Watsco had a net margin of 6.99% and a return on equity of 17.77%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the company posted $4.35 EPS. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Watsco, Inc. will post 13.06 earnings per share for the current fiscal year.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a $2.70 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $10.80 annualized dividend and a yield of 2.09%. Watsco's dividend payout ratio is presently 83.46%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WSO shares. Northcoast Research initiated coverage on shares of Watsco in a research report on Friday, November 22nd. They set a "neutral" rating for the company. Robert W. Baird cut their target price on shares of Watsco from $550.00 to $540.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th.

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.