Xponance Inc. Has $2.38 Million Stake in Watsco, Inc. (NYSE:WSO)

Xponance Inc. reduced its stake in Watsco, Inc. (NYSE:WSO) by 16.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,128 shares of the construction company’s stock after selling 1,035 shares during the quarter. Xponance Inc.’s holdings in Watsco were worth $2,375,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WSO. Shaker Investments LLC OH lifted its stake in shares of Watsco by 0.3% in the first quarter. Shaker Investments LLC OH now owns 7,564 shares of the construction company’s stock worth $3,267,000 after buying an additional 24 shares during the last quarter. Mather Group LLC. raised its holdings in Watsco by 10.2% in the 2nd quarter. Mather Group LLC. now owns 293 shares of the construction company’s stock worth $127,000 after acquiring an additional 27 shares during the period. EntryPoint Capital LLC lifted its position in Watsco by 100.0% during the 1st quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock worth $25,000 after acquiring an additional 29 shares during the last quarter. Salomon & Ludwin LLC lifted its position in Watsco by 52.6% during the 1st quarter. Salomon & Ludwin LLC now owns 87 shares of the construction company’s stock worth $38,000 after acquiring an additional 30 shares during the last quarter. Finally, Trueblood Wealth Management LLC boosted its holdings in Watsco by 0.9% during the first quarter. Trueblood Wealth Management LLC now owns 3,603 shares of the construction company’s stock valued at $1,556,000 after acquiring an additional 32 shares during the period. Institutional investors own 89.71% of the company’s stock.

Watsco Trading Up 0.5 %

Shares of WSO opened at $500.68 on Friday. The stock’s 50-day moving average price is $478.12 and its 200 day moving average price is $463.86. The company has a quick ratio of 1.55, a current ratio of 3.21 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $20.18 billion, a price-to-earnings ratio of 38.51 and a beta of 0.88. Watsco, Inc. has a 12-month low of $338.58 and a 12-month high of $520.41.

Watsco (NYSE:WSO) last issued its earnings results on Tuesday, July 30th. The construction company reported $4.49 EPS for the quarter, missing analysts’ consensus estimates of $4.70 by ($0.21). Watsco had a net margin of 7.02% and a return on equity of 18.55%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the company posted $4.42 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts predict that Watsco, Inc. will post 13.83 earnings per share for the current year.

Watsco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th were given a dividend of $2.70 per share. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $10.80 annualized dividend and a dividend yield of 2.16%. Watsco’s dividend payout ratio (DPR) is currently 83.08%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Robert W. Baird boosted their price objective on Watsco from $460.00 to $522.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $469.80.

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.