Semanteon Capital Management LP Purchases 723 Shares of Watsco, Inc. (NYSE:WSO)

Semanteon Capital Management LP grew its position in Watsco, Inc. (NYSE:WSO - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,036 shares of the construction company's stock after purchasing an additional 723 shares during the period. Semanteon Capital Management LP's holdings in Watsco were worth $1,439,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WSO. Rialto Wealth Management LLC purchased a new position in shares of Watsco in the 4th quarter worth approximately $31,000. Wingate Wealth Advisors Inc. bought a new position in Watsco in the 4th quarter valued at $36,000. Quarry LP increased its position 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 purchasing an additional 33 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Watsco during the 3rd quarter valued at $48,000. Finally, Atala Financial Inc bought a new stake in shares of Watsco during the 4th quarter worth $49,000. 89.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WSO has been the subject of several research reports. Robert W. Baird increased their price target on shares of Watsco from $540.00 to $560.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Raymond James initiated coverage on shares of Watsco in a research report on Friday, January 17th. They set a "market perform" rating for the company. Finally, Loop Capital lifted their price target on shares of Watsco from $450.00 to $460.00 and gave the stock a "hold" rating in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $486.25.

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Watsco Stock Performance

NYSE WSO traded up $5.20 during trading on Tuesday, hitting $517.72. 182,027 shares of the company's stock traded hands, compared to its average volume of 246,257. The stock has a market capitalization of $20.92 billion, a price-to-earnings ratio of 39.07 and a beta of 0.92. The business has a 50 day moving average of $494.16 and a 200-day moving average of $497.15. Watsco, Inc. has a 12-month low of $396.82 and a 12-month high of $571.42.

Watsco (NYSE:WSO - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.13 by $0.24. Watsco had a net margin of 7.04% and a return on equity of 17.59%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.67 billion. On average, analysts expect that Watsco, Inc. will post 14.62 EPS for the current year.

Watsco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a $2.70 dividend. This represents a $10.80 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Friday, January 17th. Watsco's dividend payout ratio (DPR) is presently 81.51%.

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.