Watsco, Inc. (NYSE:WSO) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. lessened its holdings in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,078 shares of the construction company's stock after selling 1,460 shares during the period. Achmea Investment Management B.V.'s holdings in Watsco were worth $6,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in WSO. Avantax Advisory Services Inc. increased its holdings in Watsco by 0.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 4,582 shares of the construction company's stock valued at $2,171,000 after buying an additional 39 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Watsco by 9.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,500 shares of the construction company's stock valued at $2,132,000 after buying an additional 391 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Watsco by 36.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 752 shares of the construction company's stock valued at $356,000 after buying an additional 199 shares in the last quarter. Saturna Capital Corp increased its holdings in Watsco by 9.5% in the fourth quarter. Saturna Capital Corp now owns 3,263 shares of the construction company's stock valued at $1,546,000 after buying an additional 284 shares in the last quarter. Finally, Markel Group Inc. increased its holdings in Watsco by 1.4% in the fourth quarter. Markel Group Inc. now owns 590,500 shares of the construction company's stock valued at $279,832,000 after buying an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company's stock.

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Analyst Ratings Changes

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

Insider Buying and Selling

In related news, EVP Barry S. Logan sold 10,998 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total transaction of $5,589,293.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.86% of the stock is currently owned by company insiders.

Watsco Stock Down 0.4 %

Shares of NYSE WSO traded down $2.04 during trading on Tuesday, hitting $508.71. The company had a trading volume of 148,986 shares, compared to its average volume of 247,921. The stock has a fifty day simple moving average of $490.37 and a two-hundred day simple moving average of $495.62. Watsco, Inc. has a fifty-two week low of $396.82 and a fifty-two week high of $571.42. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 38.39 and a beta of 0.92.

Watsco (NYSE:WSO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.13 by $0.24. The firm had revenue of $1.75 billion for 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%. On average, analysts anticipate that Watsco, Inc. will post 14.62 earnings per share for the current year.

Watsco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $2.70 per share. The ex-dividend date was Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a yield of 2.12%. Watsco's payout ratio is presently 81.51%.

Watsco Company 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.