Watsco, Inc. (NYSE:WSO) Stock Position Lowered by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in shares of Watsco, Inc. (NYSE:WSOFree Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,263 shares of the construction company’s stock after selling 768 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of Watsco worth $10,049,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Watsco during the 4th quarter worth $25,000. First PREMIER Bank purchased a new position in Watsco in the 1st quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new position in Watsco in the 4th quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new stake in Watsco during the 4th quarter worth about $28,000. Finally, Rise Advisors LLC purchased a new stake in Watsco during the fourth quarter valued at about $30,000. Institutional investors own 89.71% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Barry S. Logan sold 774 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $473.85, for a total transaction of $366,759.90. Following the transaction, the executive vice president now owns 1,770 shares in the company, valued at approximately $838,714.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Barry S. Logan sold 774 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $473.85, for a total transaction of $366,759.90. Following the completion of the sale, the executive vice president now owns 1,770 shares in the company, valued at approximately $838,714.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Alexander Macdonald sold 5,334 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $466.41, for a total value of $2,487,830.94. The disclosure for this sale can be found here. Insiders own 12.86% of the company’s stock.

Watsco Trading Up 0.1 %

Shares of NYSE:WSO opened at $481.82 on Tuesday. The firm has a fifty day moving average of $474.29 and a two-hundred day moving average of $432.15. The company has a quick ratio of 1.31, a current ratio of 2.92 and a debt-to-equity ratio of 0.01. Watsco, Inc. has a 12-month low of $337.58 and a 12-month high of $493.65. The firm has a market capitalization of $19.42 billion, a P/E ratio of 37.06 and a beta of 0.88.

Watsco (NYSE:WSOGet Free Report) last issued its earnings results on Wednesday, April 24th. The construction company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.09). Watsco had a net margin of 7.03% and a return on equity of 19.26%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the firm earned $2.83 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts expect that Watsco, Inc. will post 14.26 EPS for the current fiscal year.

Watsco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th will be paid a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Tuesday, July 16th. Watsco’s dividend payout ratio (DPR) is presently 83.08%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Watsco from $420.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Stephens reiterated an “overweight” rating and set a $500.00 price objective on shares of Watsco in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $404.25.

View Our Latest Stock Report on WSO

Watsco 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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