Swiss National Bank Acquires 2,700 Shares of Watsco, Inc. (NYSE:WSO)

Swiss National Bank boosted its position in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,144 shares of the construction company's stock after buying an additional 2,700 shares during the quarter. Swiss National Bank owned 0.26% of Watsco worth $50,734,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WSO. Thrivent Financial for Lutherans boosted its position in shares of Watsco by 0.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 39,894 shares of the construction company's stock valued at $19,623,000 after purchasing an additional 215 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Watsco by 2.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 18,800 shares of the construction company's stock valued at $9,247,000 after purchasing an additional 474 shares during the period. Empowered Funds LLC boosted its position in shares of Watsco by 4.2% in the 3rd quarter. Empowered Funds LLC now owns 5,031 shares of the construction company's stock valued at $2,475,000 after purchasing an additional 201 shares during the period. CIBC Asset Management Inc boosted its position in shares of Watsco by 4.4% in the 3rd quarter. CIBC Asset Management Inc now owns 2,083 shares of the construction company's stock valued at $1,025,000 after purchasing an additional 87 shares during the period. Finally, Metis Global Partners LLC acquired a new position in shares of Watsco in the 3rd quarter valued at $212,000. Institutional investors own 89.71% of the company's stock.

Watsco Trading Up 0.0 %

Shares of Watsco stock opened at $533.40 on Thursday. Watsco, Inc. has a 1 year low of $373.33 and a 1 year high of $545.49. The stock has a 50-day moving average price of $496.90 and a 200 day moving average price of $484.03. The company has a market cap of $21.54 billion, a P/E ratio of 41.22 and a beta of 0.88.

Watsco (NYSE:WSO - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $4.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.73 by ($0.51). The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.24 billion. Watsco had a net margin of 6.99% and a return on equity of 17.77%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.35 earnings per share. On average, equities analysts forecast that Watsco, Inc. will post 13.06 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were issued a dividend of $2.70 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $10.80 annualized dividend and a dividend yield of 2.02%. Watsco's dividend payout ratio is 83.46%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Robert W. Baird decreased their price target on Watsco from $550.00 to $540.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on Watsco from $420.00 to $425.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st.

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.