Watsco, Inc. (NYSE:WSO) Shares Sold by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC trimmed its position in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,326 shares of the construction company's stock after selling 1,249 shares during the period. Watsco accounts for approximately 2.6% of Wilkinson Global Asset Management LLC's portfolio, making the stock its 18th largest holding. Wilkinson Global Asset Management LLC owned 0.22% of Watsco worth $42,954,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Watsco by 4.5% during the first quarter. Vanguard Group Inc. now owns 3,411,894 shares of the construction company's stock valued at $1,473,836,000 after acquiring an additional 146,305 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Watsco by 1.2% during the second quarter. Blair William & Co. IL now owns 801,152 shares of the construction company's stock worth $371,126,000 after purchasing an additional 9,141 shares during the period. Markel Group Inc. grew its position in shares of Watsco by 0.9% in the 2nd quarter. Markel Group Inc. now owns 571,250 shares of the construction company's stock worth $264,626,000 after buying an additional 5,000 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Watsco by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 393,032 shares of the construction company's stock worth $182,068,000 after buying an additional 6,320 shares during the period. Finally, Motley Fool Asset Management LLC grew its holdings in shares of Watsco by 263.6% during the 1st quarter. Motley Fool Asset Management LLC now owns 320,008 shares of the construction company's stock worth $138,234,000 after acquiring an additional 231,987 shares during the period. 89.71% of the stock is currently owned by institutional investors.

Watsco Price Performance

Shares of NYSE:WSO traded up $8.63 during midday trading on Thursday, hitting $525.46. The company had a trading volume of 108,122 shares, compared to its average volume of 285,846. The company has a fifty day moving average of $482.73 and a two-hundred day moving average of $477.79. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 39.90 and a beta of 0.88. Watsco, Inc. has a 12-month low of $368.77 and a 12-month high of $527.40.

Watsco (NYSE:WSO - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 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 business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business earned $4.35 EPS. Watsco's revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts expect that Watsco, Inc. will post 13.28 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were paid a $2.70 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a yield of 2.06%. Watsco's payout ratio is 83.46%.

Analysts Set New Price Targets

WSO has been the topic of a number of recent research reports. Robert W. Baird reduced their target price on shares of Watsco from $550.00 to $540.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Watsco from $420.00 to $425.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st.

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.