Watsco, Inc. (NYSE:WSO) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its position in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 10.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 46,596 shares of the construction company's stock after selling 5,696 shares during the period. Sei Investments Co. owned 0.12% of Watsco worth $22,082,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WSO. Quantbot Technologies LP boosted its holdings in shares of Watsco by 47.0% during the fourth quarter. Quantbot Technologies LP now owns 13,608 shares of the construction company's stock worth $6,449,000 after purchasing an additional 4,349 shares during the last quarter. Semanteon Capital Management LP lifted its position in Watsco by 31.3% during the fourth quarter. Semanteon Capital Management LP now owns 3,036 shares of the construction company's stock worth $1,439,000 after buying an additional 723 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Watsco by 0.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,692 shares of the construction company's stock worth $3,645,000 after buying an additional 23 shares during the last quarter. Enhancing Capital LLC purchased a new stake in Watsco in the 4th quarter valued at about $376,000. Finally, Xponance Inc. grew its holdings in Watsco by 10.0% in the 4th quarter. Xponance Inc. now owns 5,913 shares of the construction company's stock valued at $2,802,000 after buying an additional 536 shares during the period. Institutional investors and hedge funds own 89.71% of the company's stock.

Watsco Stock Performance

WSO traded down $13.58 on Friday, reaching $500.42. 226,579 shares of the company's stock were exchanged, compared to its average volume of 252,562. Watsco, Inc. has a twelve month low of $396.82 and a twelve month high of $571.42. The company's 50 day moving average is $496.12 and its 200-day moving average is $498.74. The company has a market cap of $20.22 billion, a price-to-earnings ratio of 37.77 and a beta of 0.92.

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Watsco (NYSE:WSO - Get Free Report) last released its quarterly earnings data 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 company 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%. Sell-side analysts forecast that Watsco, Inc. will post 14.62 EPS for the current year.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, January 17th. Watsco's dividend payout ratio is presently 81.51%.

Wall Street Analyst Weigh In

WSO has been the topic of several recent analyst reports. Robert W. Baird increased their price objective on shares of Watsco from $540.00 to $560.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Loop Capital increased their price target on shares of 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 started coverage on shares of Watsco in a research note on Friday, January 17th. They set a "market perform" rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $486.25.

Watsco Company 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.