Xponance Inc. Acquires 536 Shares of Watsco, Inc. (NYSE:WSO)

Xponance Inc. lifted its stake in Watsco, Inc. (NYSE:WSO - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,913 shares of the construction company's stock after purchasing an additional 536 shares during the period. Xponance Inc.'s holdings in Watsco were worth $2,802,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of WSO. My Legacy Advisors LLC raised its position in shares of Watsco by 3.2% in the 4th quarter. My Legacy Advisors LLC now owns 687 shares of the construction company's stock worth $329,000 after acquiring an additional 21 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its position in Watsco by 1.8% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,196 shares of the construction company's stock valued at $567,000 after buying an additional 21 shares during the period. Centennial Wealth Advisory LLC boosted its holdings in shares of Watsco by 3.0% during the 4th quarter. Centennial Wealth Advisory LLC now owns 754 shares of the construction company's stock valued at $358,000 after buying an additional 22 shares in the last quarter. M&T Bank Corp grew its position in shares of Watsco by 1.4% in the 4th quarter. M&T Bank Corp now owns 1,686 shares of the construction company's stock worth $799,000 after buying an additional 23 shares during the period. Finally, Principal Securities Inc. increased its stake in shares of Watsco by 6.9% in the 4th quarter. Principal Securities Inc. now owns 373 shares of the construction company's stock worth $177,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 89.71% of the company's stock.

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Analysts Set New Price Targets

WSO has been the subject of several recent research reports. Raymond James began coverage on shares of Watsco in a report on Friday, January 17th. They set a "market perform" rating for the company. Robert W. Baird boosted their target price on Watsco from $540.00 to $560.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Finally, Loop Capital raised their price target on Watsco from $450.00 to $460.00 and gave the company a "hold" rating in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $486.25.

Watsco Stock Down 0.9 %

Shares of Watsco stock traded down $4.55 on Wednesday, reaching $513.40. The company's stock had a trading volume of 147,504 shares, compared to its average volume of 268,407. The company has a market capitalization of $20.74 billion, a price-to-earnings ratio of 38.75 and a beta of 0.92. Watsco, Inc. has a 52 week low of $396.82 and a 52 week high of $571.41. The firm's fifty day simple moving average is $494.88 and its two-hundred day simple moving average is $497.64.

Watsco (NYSE:WSO - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.24. Watsco had a net margin of 7.04% and a return on equity of 17.59%. The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.67 billion. As a group, research analysts predict that Watsco, Inc. will post 14.62 EPS for the current year.

Watsco Dividend Announcement

The company 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 of this dividend was Friday, January 17th. This represents a $10.80 annualized dividend and a dividend yield of 2.10%. Watsco's payout ratio is 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.