Watsco, Inc. (NYSE:WSO) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its holdings in shares of Watsco, Inc. (NYSE:WSOFree Report) by 9.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,651 shares of the construction company’s stock after selling 2,220 shares during the period. American Century Companies Inc. owned about 0.05% of Watsco worth $7,800,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in Watsco during the 3rd quarter worth approximately $37,000. Acadian Asset Management LLC acquired a new stake in shares of Watsco in the 1st quarter valued at $38,000. Harbour Investments Inc. raised its holdings in shares of Watsco by 55.1% in the 1st quarter. Harbour Investments Inc. now owns 138 shares of the construction company’s stock valued at $44,000 after purchasing an additional 49 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of Watsco in the 2nd quarter valued at $52,000. Finally, Resources Management Corp CT ADV raised its holdings in shares of Watsco by 536.4% in the 2nd quarter. Resources Management Corp CT ADV now owns 140 shares of the construction company’s stock valued at $53,000 after purchasing an additional 118 shares in the last quarter. 89.49% of the stock is currently owned by institutional investors and hedge funds.

Watsco Stock Down 2.0 %

WSO stock opened at $430.57 on Tuesday. The company has a market cap of $17.01 billion, a P/E ratio of 31.52, a P/E/G ratio of 3.41 and a beta of 0.89. Watsco, Inc. has a 52 week low of $298.79 and a 52 week high of $441.29. The company’s 50-day moving average price is $398.21 and its 200 day moving average price is $390.03. The company has a current ratio of 3.36, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01.

Watsco (NYSE:WSOGet Free Report) last released its quarterly earnings data on Tuesday, February 13th. The construction company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.44). The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Watsco had a return on equity of 21.36% and a net margin of 7.36%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.35 EPS. On average, research analysts expect that Watsco, Inc. will post 14.26 earnings per share for the current fiscal year.

Watsco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a dividend of $2.45 per share. This represents a $9.80 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Tuesday, January 16th. Watsco’s payout ratio is currently 71.74%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WSO. Deutsche Bank Aktiengesellschaft raised shares of Watsco from a “hold” rating to a “buy” rating and raised their price objective for the stock from $387.00 to $500.00 in a research report on Friday, December 8th. Robert W. Baird lifted their target price on shares of Watsco from $400.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Finally, Stephens lifted their target price on shares of Watsco from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Watsco presently has an average rating of “Hold” and a consensus target price of $396.00.

Read Our Latest Stock Report on Watsco

About Watsco

(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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