Swiss National Bank Has $46.56 Million Position in Watsco, Inc. (NYSE:WSO)

Swiss National Bank trimmed its holdings in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,244 shares of the construction company's stock after selling 4,900 shares during the quarter. Swiss National Bank owned about 0.24% of Watsco worth $46,557,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in Watsco during the fourth quarter worth about $31,000. Wingate Wealth Advisors Inc. bought a new position in Watsco during the fourth quarter worth about $36,000. Quarry LP increased its position in Watsco by 57.9% during the third quarter. Quarry LP now owns 90 shares of the construction company's stock worth $44,000 after acquiring an additional 33 shares during the period. Brooklyn Investment Group bought a new position in Watsco during the third quarter worth about $48,000. Finally, Golden State Wealth Management LLC acquired a new stake in Watsco during the fourth quarter worth about $50,000. 89.71% of the stock is owned by institutional investors.

Watsco Stock Down 1.0 %

Watsco stock traded down $5.24 during mid-day trading on Thursday, hitting $502.84. 236,647 shares of the stock were exchanged, compared to its average volume of 246,687. The firm's fifty day simple moving average is $492.08 and its two-hundred day simple moving average is $495.94. The stock has a market capitalization of $20.32 billion, a price-to-earnings ratio of 37.95 and a beta of 0.92. Watsco, Inc. has a 12 month low of $396.82 and a 12 month high of $571.42.

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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 for the quarter, beating 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%. As a group, analysts forecast that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $2.70 dividend. The ex-dividend date was Friday, January 17th. This represents a $10.80 annualized dividend and a dividend yield of 2.15%. Watsco's dividend payout ratio is currently 81.51%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WSO. Northcoast Research began coverage on shares of Watsco in a research note on Friday, November 22nd. They set a "neutral" rating on the stock. 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 research note on Wednesday, February 19th. Raymond James assumed coverage on shares of Watsco in a research note on Friday, January 17th. They issued a "market perform" rating on the stock. Finally, Loop Capital lifted their target price on shares of Watsco from $450.00 to $460.00 and gave the stock a "hold" rating in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $486.25.

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.