Tudor Financial Inc. Invests $588,000 in Watsco, Inc. (NYSE:WSO)

Tudor Financial Inc. purchased a new stake in Watsco, Inc. (NYSE:WSO - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,195 shares of the construction company's stock, valued at approximately $588,000.

A number of other large investors have also recently added to or reduced their stakes in WSO. FMR LLC lifted its stake in shares of Watsco by 10.6% during the 3rd quarter. FMR LLC now owns 3,624,159 shares of the construction company's stock worth $1,782,651,000 after buying an additional 346,470 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Watsco by 48,984.7% during the 3rd quarter. International Assets Investment Management LLC now owns 233,643 shares of the construction company's stock worth $114,924,000 after buying an additional 233,167 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Watsco by 2,128.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 107,463 shares of the construction company's stock worth $52,880,000 after buying an additional 102,640 shares during the last quarter. State Street Corp lifted its stake in shares of Watsco by 5.9% during the 3rd quarter. State Street Corp now owns 1,173,762 shares of the construction company's stock worth $577,350,000 after buying an additional 65,846 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Watsco by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 704,330 shares of the construction company's stock worth $345,783,000 after buying an additional 63,254 shares during the last quarter. Institutional investors and hedge funds own 89.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird cut their target price on shares of Watsco from $550.00 to $540.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Northcoast Research assumed coverage on shares of Watsco in a report on Friday, November 22nd. They issued a "neutral" rating on the stock.

Watsco Stock Performance

Shares of Watsco stock traded down $2.64 during midday trading on Thursday, hitting $511.46. 123,756 shares of the company traded hands, compared to its average volume of 276,764. The stock has a market cap of $20.65 billion, a price-to-earnings ratio of 39.67 and a beta of 0.92. The firm's fifty day moving average price is $511.70 and its 200-day moving average price is $490.55. Watsco, Inc. has a 12 month low of $373.33 and a 12 month high of $571.41.

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). Watsco had a net margin of 6.99% and a return on equity of 17.77%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the firm posted $4.35 earnings per share. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts forecast that Watsco, Inc. will post 13.06 earnings per share for the current 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 given a $2.70 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.11%. Watsco's dividend payout ratio (DPR) is currently 83.46%.

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.