Cambridge Investment Research Advisors Inc. Purchases 99 Shares of Watsco, Inc. (NYSE:WSO)

Cambridge Investment Research Advisors Inc. boosted its position in Watsco, Inc. (NYSE:WSO – Get Rating) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,361 shares of the construction company’s stock after purchasing an additional 99 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Watsco were worth $838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. U.S. Capital Wealth Advisors LLC purchased a new position in Watsco in the 4th quarter worth about $34,000. Ronald Blue Trust Inc. purchased a new position in shares of Watsco during the fourth quarter worth approximately $36,000. Eagle Bay Advisors LLC boosted its holdings in shares of Watsco by 73.4% in the third quarter. Eagle Bay Advisors LLC now owns 163 shares of the construction company’s stock valued at $42,000 after purchasing an additional 69 shares during the period. Geneos Wealth Management Inc. grew its stake in Watsco by 28.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 319 shares of the construction company’s stock worth $80,000 after purchasing an additional 71 shares in the last quarter. Finally, Lumature Wealth Partners LLC increased its holdings in Watsco by 136.6% during the 1st quarter. Lumature Wealth Partners LLC now owns 265 shares of the construction company’s stock worth $81,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 84.73% of the company’s stock.

Watsco Stock Performance

Shares of WSO opened at $336.56 on Monday. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market cap of $13.11 billion, a PE ratio of 21.94 and a beta of 0.91. Watsco, Inc. has a 12 month low of $220.68 and a 12 month high of $356.60. The stock has a fifty day moving average price of $321.32 and a 200-day moving average price of $293.55.

Watsco (NYSE:WSO – Get Rating) last issued its quarterly earnings results on Thursday, April 20th. The construction company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.58. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Watsco had a return on equity of 24.40% and a net margin of 8.19%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $2.90 earnings per share. Equities research analysts predict that Watsco, Inc. will post 14.5 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Monday, April 17th were paid a dividend of $2.45 per share. The ex-dividend date of this dividend was Friday, April 14th. This represents a $9.80 annualized dividend and a dividend yield of 2.91%. Watsco’s payout ratio is currently 63.89%.

Analysts Set New Price Targets

WSO has been the topic of a number of recent research reports. KeyCorp increased their price target on Watsco from $365.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, April 21st. Loop Capital raised their target price on shares of Watsco from $315.00 to $335.00 in a research report on Monday, April 24th. StockNews.com initiated coverage on shares of Watsco in a research report on Thursday. They issued a “hold” rating for the company. Robert W. Baird lifted their price objective on shares of Watsco from $350.00 to $355.00 and gave the company an “outperform” rating in a report on Wednesday, April 19th. Finally, Morgan Stanley upped their target price on Watsco from $269.00 to $289.00 and gave the stock an “underweight” rating in a report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Watsco presently has an average rating of “Hold” and a consensus price target of $345.57.

About Watsco

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Watsco, Inc engages in the distribution of air conditioning, heating and refrigeration equipment, and related parts and supplies. Its products include residential central air conditioners, gas, electric & oil furnaces, commercial air conditioning and heating equipment, and other specialized equipment and parts, including replacement compressors, evaporator coils, motors and other component parts and supplies, including thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies.