Watsco, Inc. (NYSE:WSO) is LaFleur & Godfrey LLC’s 9th Largest Position

LaFleur & Godfrey LLC decreased its holdings in shares of Watsco, Inc. (NYSE:WSO) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,634 shares of the construction company’s stock after selling 2,642 shares during the period. Watsco comprises approximately 2.5% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 9th largest holding. LaFleur & Godfrey LLC owned approximately 0.10% of Watsco worth $18,308,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in shares of Watsco by 3.9% in the second quarter. American Century Companies Inc. now owns 13,733 shares of the construction company’s stock valued at $6,362,000 after purchasing an additional 513 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Watsco by 22.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,499 shares of the construction company’s stock worth $1,621,000 after buying an additional 648 shares during the period. Intech Investment Management LLC grew its position in Watsco by 495.1% in the 2nd quarter. Intech Investment Management LLC now owns 10,730 shares of the construction company’s stock valued at $4,971,000 after acquiring an additional 8,927 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Watsco by 2.8% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,445 shares of the construction company’s stock valued at $3,449,000 after purchasing an additional 200 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Watsco by 6.6% during the second quarter. Thrivent Financial for Lutherans now owns 39,679 shares of the construction company’s stock worth $18,381,000 after acquiring an additional 2,458 shares during the period. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Stock Up 1.2 %

Shares of NYSE:WSO opened at $496.92 on Monday. The business has a fifty day simple moving average of $508.48 and a 200-day simple moving average of $492.50. Watsco, Inc. has a 52 week low of $373.33 and a 52 week high of $571.41. The company has a market cap of $20.07 billion, a P/E ratio of 38.40 and a beta of 0.95.

Watsco (NYSE:WSO) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 earnings per share 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 firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm earned $4.35 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts expect that Watsco, Inc. will post 12.97 earnings per share for the current fiscal year.

Watsco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $2.70 dividend. The ex-dividend date is Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.17%. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WSO. Raymond James started coverage on shares of Watsco in a research note on Friday. They set a “market perform” rating on the stock. Northcoast Research started coverage on Watsco in a research report on Friday, November 22nd. They issued a “neutral” rating for the company. Finally, Robert W. Baird lowered their price objective 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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 transaction of $5,589,293.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.86% of the company’s stock.

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.