Tredje AP fonden Sells 1,364 Shares of Watsco, Inc. (NYSE:WSO)

Tredje AP fonden trimmed its holdings in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,364 shares of the construction company's stock after selling 1,364 shares during the quarter. Tredje AP fonden's holdings in Watsco were worth $646,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WSO. J. W. Coons Advisors LLC raised its position in Watsco by 0.7% during the third quarter. J. W. Coons Advisors LLC now owns 2,999 shares of the construction company's stock valued at $1,475,000 after purchasing an additional 20 shares during the period. My Legacy Advisors LLC raised its holdings in Watsco by 3.2% during the 4th quarter. My Legacy Advisors LLC now owns 687 shares of the construction company's stock valued at $329,000 after buying an additional 21 shares during the period. Avidian Wealth Enterprises LLC lifted its position in Watsco by 1.8% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,196 shares of the construction company's stock worth $567,000 after buying an additional 21 shares during the last quarter. Centennial Wealth Advisory LLC boosted its stake in Watsco by 3.0% during the fourth quarter. Centennial Wealth Advisory LLC now owns 754 shares of the construction company's stock worth $358,000 after buying an additional 22 shares during the period. Finally, M&T Bank Corp increased its position in Watsco by 1.4% during the fourth quarter. M&T Bank Corp now owns 1,686 shares of the construction company's stock valued at $799,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 89.71% of the company's stock.

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Watsco Trading Down 0.4 %

Shares of Watsco stock traded down $2.02 on Wednesday, hitting $507.41. 246,614 shares of the company traded hands, compared to its average volume of 247,146. The company has a market cap of $20.50 billion, a PE ratio of 38.30 and a beta of 0.92. The stock's 50 day moving average price is $491.26 and its 200-day moving average price is $495.86. Watsco, Inc. has a 52 week low of $396.82 and a 52 week high of $571.42.

Watsco (NYSE:WSO - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.24. Watsco had a return on equity of 17.59% and a net margin of 7.04%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.67 billion. As a group, research analysts anticipate that Watsco, Inc. will post 14.62 EPS for the current fiscal year.

Watsco Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Friday, January 17th. Watsco's payout ratio is 81.51%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WSO shares. Northcoast Research began coverage on shares of Watsco in a research report on Friday, November 22nd. They issued a "neutral" rating on the stock. Loop Capital increased their price target on Watsco from $450.00 to $460.00 and gave the stock a "hold" rating in a report on Thursday, February 27th. Raymond James initiated coverage on Watsco in a report on Friday, January 17th. They set a "market perform" rating for the company. Finally, Robert W. Baird upped their price objective on Watsco from $540.00 to $560.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $486.25.

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.