Watsco, Inc. (NYSE:WSO) Shares Bought by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC boosted its holdings in shares of Watsco, Inc. (NYSE:WSOFree Report) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,527 shares of the construction company’s stock after buying an additional 96 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Watsco were worth $724,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its holdings in Watsco by 32.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,258 shares of the construction company’s stock worth $2,094,000 after buying an additional 1,038 shares in the last quarter. Citizens Financial Group Inc. RI lifted its holdings in Watsco by 40.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,217 shares of the construction company’s stock worth $1,582,000 after buying an additional 929 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Watsco by 3,571.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,138 shares of the construction company’s stock valued at $560,000 after purchasing an additional 1,107 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Watsco by 1.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 64,758 shares of the construction company’s stock valued at $31,853,000 after purchasing an additional 1,074 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Watsco by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 51,590 shares of the construction company’s stock valued at $25,645,000 after purchasing an additional 2,738 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Watsco Price Performance

NYSE WSO opened at $505.29 on Wednesday. The firm’s fifty day moving average price is $507.11 and its 200 day moving average price is $492.78. The company has a market capitalization of $20.40 billion, a price-to-earnings ratio of 39.05 and a beta of 0.95. Watsco, Inc. has a 12 month low of $373.33 and a 12 month high of $571.41.

Watsco (NYSE:WSOGet Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $4.22 EPS for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.51). The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Watsco had a net margin of 6.99% and a return on equity of 17.77%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $4.35 earnings per share. As a group, sell-side analysts forecast that Watsco, Inc. will post 13.03 earnings per share for the current year.

Watsco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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 yield of 2.14%. Watsco’s dividend payout ratio is presently 83.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WSO shares. Robert W. Baird dropped 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. Raymond James started coverage on shares of Watsco in a research report on Friday, January 17th. They issued a “market perform” rating on the stock. Finally, Northcoast Research started coverage on shares of Watsco in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $488.33.

Get Our Latest Stock Analysis on WSO

Insider Buying and Selling at Watsco

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of Watsco stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total value of $5,589,293.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.86% of the stock is currently owned by company insiders.

Watsco Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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