Watsco, Inc. (NYSE:WSO) Shares Acquired by Choreo LLC

Choreo LLC lifted its position in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 115.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,293 shares of the construction company's stock after purchasing an additional 1,229 shares during the quarter. Choreo LLC's holdings in Watsco were worth $1,089,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WSO. Ashton Thomas Securities LLC acquired a new stake in Watsco in the 3rd quarter valued at $43,000. Quarry LP grew its stake in Watsco by 57.9% in the 3rd quarter. Quarry LP now owns 90 shares of the construction company's stock valued at $44,000 after acquiring an additional 33 shares during the period. Brooklyn Investment Group acquired a new stake in Watsco during the 3rd quarter worth $48,000. MCF Advisors LLC boosted its stake in Watsco by 27.8% during the 3rd quarter. MCF Advisors LLC now owns 115 shares of the construction company's stock worth $57,000 after purchasing an additional 25 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Watsco during the 4th quarter worth $90,000. Institutional investors and hedge funds own 89.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WSO shares. Northcoast Research started coverage on shares of Watsco in a research note on Friday, November 22nd. They set a "neutral" rating on the stock. Robert W. Baird lowered their target price on shares of Watsco from $550.00 to $540.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Finally, Raymond James started coverage on shares of Watsco in a research note on Friday, January 17th. They set a "market perform" rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $488.33.

Insider Transactions at Watsco

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 value of $5,589,293.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 12.86% of the company's stock.

Watsco Stock Performance

Shares of NYSE WSO traded down $1.16 during trading on Wednesday, hitting $470.84. 217,333 shares of the company were exchanged, compared to its average volume of 212,308. Watsco, Inc. has a 12-month low of $373.33 and a 12-month high of $571.41. The company has a fifty day moving average price of $488.57 and a 200-day moving average price of $491.37. The firm has a market capitalization of $19.01 billion, a PE ratio of 36.39 and a beta of 0.95.

Watsco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $2.70 per share. The ex-dividend date was Friday, January 17th. This represents a $10.80 annualized dividend and a dividend yield of 2.29%. Watsco's dividend payout ratio is presently 83.46%.

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.