Watsco, Inc. (NYSE:WSO) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in Watsco, Inc. (NYSE:WSOFree Report) by 73.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 267 shares of the construction company’s stock after acquiring an additional 113 shares during the quarter. Blue Trust Inc.’s holdings in Watsco were worth $114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Watsco in the fourth quarter worth $26,000. Rise Advisors LLC acquired a new stake in shares of Watsco in the fourth quarter worth $30,000. BKM Wealth Management LLC acquired a new stake in shares of Watsco in the fourth quarter worth $32,000. FNY Investment Advisers LLC acquired a new stake in shares of Watsco in the third quarter worth $37,000. Finally, Acadian Asset Management LLC acquired a new stake in Watsco during the first quarter valued at $38,000. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Stock Performance

NYSE:WSO opened at $427.28 on Wednesday. The company’s 50-day moving average price is $402.00 and its 200-day moving average price is $393.43. The company has a current ratio of 3.36, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01. The company has a market cap of $16.88 billion, a P/E ratio of 31.28, a P/E/G ratio of 3.35 and a beta of 0.89. Watsco, Inc. has a twelve month low of $298.79 and a twelve month high of $441.29.

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

Watsco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a dividend of $2.70 per share. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 dividend on an annualized basis and a yield of 2.53%. Watsco’s payout ratio is 71.74%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WSO shares. Robert W. Baird increased their price objective on shares of Watsco from $400.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft raised shares of Watsco from a “hold” rating to a “buy” rating and increased their price objective for the company from $387.00 to $500.00 in a report on Friday, December 8th. Finally, Stephens increased their price objective 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 issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $396.00.

Check Out Our Latest Research Report on WSO

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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