Watsco, Inc. (NYSE:WSO) Shares Purchased by Nebula Research & Development LLC

Nebula Research & Development LLC lifted its position in Watsco, Inc. (NYSE:WSO - Free Report) by 1,392.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,091 shares of the construction company's stock after purchasing an additional 7,549 shares during the quarter. Watsco makes up 0.5% of Nebula Research & Development LLC's investment portfolio, making the stock its 10th biggest holding. Nebula Research & Development LLC's holdings in Watsco were worth $3,834,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC acquired a new stake in Watsco during the 4th quarter valued at $31,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Watsco during the fourth quarter valued at approximately $36,000. Atala Financial Inc acquired a new stake in shares of Watsco during the fourth quarter valued at about $49,000. Golden State Wealth Management LLC bought a new stake in shares of Watsco in the fourth quarter worth $50,000. Finally, Tortoise Investment Management LLC lifted its holdings in Watsco by 76.2% during the 4th quarter. Tortoise Investment Management LLC now owns 148 shares of the construction company's stock worth $70,000 after buying an additional 64 shares during the last quarter. 89.71% of the stock is owned by institutional investors and hedge funds.

Watsco Trading Down 0.1 %

Shares of Watsco stock traded down $0.39 on Tuesday, reaching $455.39. 247,231 shares of the company were exchanged, compared to its average volume of 255,373. Watsco, Inc. has a fifty-two week low of $439.08 and a fifty-two week high of $571.42. The firm has a market capitalization of $18.40 billion, a price-to-earnings ratio of 34.37 and a beta of 1.00. The stock has a fifty day moving average price of $497.77 and a 200-day moving average price of $498.58.

Watsco (NYSE:WSO - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.36). The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.66 billion. Watsco had a net margin of 7.04% and a return on equity of 17.59%. The firm's revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.17 EPS. On average, equities analysts anticipate that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $3.00 per share. The ex-dividend date is Tuesday, April 15th. This is a positive change from Watsco's previous quarterly dividend of $2.70. This represents a $12.00 dividend on an annualized basis and a yield of 2.64%. Watsco's dividend payout ratio (DPR) is presently 92.24%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of Watsco from $475.00 to $455.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. StockNews.com cut shares of Watsco from a "hold" rating to a "sell" rating in a research note on Friday. Morgan Stanley started coverage on shares of Watsco in a research note on Monday, April 14th. They issued an "equal weight" rating and a $515.00 price target for the company. Robert W. Baird lowered their price objective on shares of Watsco from $560.00 to $540.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Loop Capital increased 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $480.83.

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.