Sava Infond d.o.o. Buys New Position in Watsco, Inc. (NYSE:WSO)

Sava Infond d.o.o. acquired a new position in Watsco, Inc. (NYSE:WSO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 515 shares of the construction company's stock, valued at approximately $244,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in shares of Watsco in the fourth quarter worth about $31,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Watsco in the 4th quarter valued at approximately $36,000. Quarry LP boosted 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 valued at $44,000 after buying an additional 33 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Watsco during the third quarter worth approximately $48,000. Finally, Atala Financial Inc acquired a new stake in shares of Watsco during the fourth quarter worth approximately $49,000. 89.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Remove Ads

Watsco Trading Up 0.3 %

WSO traded up $1.62 on Tuesday, hitting $509.92. 48,905 shares of the company's stock were exchanged, compared to its average volume of 251,970. The stock has a fifty day moving average of $496.37 and a two-hundred day moving average of $499.01. Watsco, Inc. has a twelve month low of $396.82 and a twelve month high of $571.42. The firm has a market cap of $20.60 billion, a PE ratio of 38.45 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%. On average, analysts predict that Watsco, Inc. will post 14.62 EPS for the current year.

Watsco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.35%. This is a positive change from Watsco's previous quarterly dividend of $2.70. Watsco's dividend 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.