Thrivent Financial for Lutherans Sells 5,741 Shares of Watsco, Inc. (NYSE:WSO)

Thrivent Financial for Lutherans lessened its position in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,153 shares of the construction company's stock after selling 5,741 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Watsco worth $16,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Toronto Dominion Bank boosted its stake in Watsco by 32.2% during the third quarter. Toronto Dominion Bank now owns 4,258 shares of the construction company's stock worth $2,094,000 after buying an additional 1,038 shares in the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of Watsco by 40.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,217 shares of the construction company's stock worth $1,582,000 after acquiring an additional 929 shares during the period. Larson Financial Group LLC boosted its position in shares of Watsco by 3,571.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,138 shares of the construction company's stock valued at $560,000 after acquiring an additional 1,107 shares in the last quarter. Franklin Resources Inc. increased its stake in Watsco by 5.6% in the third quarter. Franklin Resources Inc. now owns 51,590 shares of the construction company's stock valued at $25,645,000 after acquiring an additional 2,738 shares during the period. Finally, Benjamin Edwards Inc. raised its position in Watsco by 2,128.1% in the third quarter. Benjamin Edwards Inc. now owns 107,463 shares of the construction company's stock worth $52,880,000 after purchasing an additional 102,640 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

WSO has been the topic of a number of recent research reports. Raymond James assumed coverage on Watsco in a report on Friday, January 17th. They set a "market perform" rating on the stock. Loop Capital boosted their price target on Watsco from $450.00 to $460.00 and gave the company a "hold" rating in a research note on Thursday, February 27th. Finally, Robert W. Baird upped their price target on Watsco from $540.00 to $560.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Watsco has a consensus rating of "Hold" and a consensus price target of $486.25.

Watsco Price Performance

Shares of NYSE:WSO traded down $4.55 during trading on Wednesday, reaching $513.40. The stock had a trading volume of 147,504 shares, compared to its average volume of 245,714. The stock has a market capitalization of $20.74 billion, a PE ratio of 38.75 and a beta of 0.92. Watsco, Inc. has a 52 week low of $396.82 and a 52 week high of $571.42. The business's 50-day moving average price is $494.88 and its 200 day moving average price is $497.64.

Watsco (NYSE:WSO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.24. The firm had revenue of $1.75 billion during 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%. 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 issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Friday, January 17th. 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.