Watsco, Inc. (NYSE:WSO) Holdings Decreased by RFG Advisory LLC

RFG Advisory LLC reduced its holdings in Watsco, Inc. (NYSE:WSO) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,893 shares of the construction company’s stock after selling 61 shares during the period. RFG Advisory LLC’s holdings in Watsco were worth $1,845,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. J. W. Coons Advisors LLC lifted its holdings in Watsco by 0.7% in the 3rd quarter. J. W. Coons Advisors LLC now owns 2,999 shares of the construction company’s stock worth $1,475,000 after purchasing an additional 20 shares during the last quarter. My Legacy Advisors LLC lifted its stake in shares of Watsco by 3.2% in the fourth quarter. My Legacy Advisors LLC now owns 687 shares of the construction company’s stock worth $329,000 after buying an additional 21 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Watsco by 30.6% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company’s stock worth $46,000 after buying an additional 22 shares during the period. CWM LLC raised its holdings in Watsco by 2.6% in the 3rd quarter. CWM LLC now owns 952 shares of the construction company’s stock worth $468,000 after acquiring an additional 24 shares during the period. Finally, MCF Advisors LLC lifted its position in Watsco by 27.8% during the 3rd quarter. MCF Advisors LLC now owns 115 shares of the construction company’s stock worth $57,000 after acquiring an additional 25 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Watsco Trading Down 0.6 %

NYSE WSO opened at $494.93 on Friday. Watsco, Inc. has a 1-year low of $373.33 and a 1-year high of $571.41. The stock’s 50 day moving average is $505.31 and its two-hundred day moving average is $493.11. The company has a market capitalization of $19.99 billion, a price-to-earnings ratio of 38.25 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 (EPS) for the quarter, missing the consensus estimate of $4.73 by ($0.51). Watsco had a return on equity of 17.77% and a net margin of 6.99%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company earned $4.35 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Watsco, Inc. will post 13.03 earnings per share for the current year.

Watsco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, January 17th. Watsco’s dividend payout ratio is currently 83.46%.

Insider Buying and Selling at Watsco

In other Watsco 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 value of $5,589,293.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Raymond James started coverage on Watsco in a report on Friday, January 17th. They set a “market perform” rating for the company. Robert W. Baird cut their price target on Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Northcoast Research began coverage on Watsco in a report on Friday, November 22nd. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Watsco has a consensus rating of “Hold” and a consensus price target of $488.33.

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.