Watsco, Inc. $WSO Shares Bought by Donaldson Capital Management LLC

Donaldson Capital Management LLC boosted its holdings in shares of Watsco, Inc. (NYSE:WSO) by 47.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,789 shares of the construction company’s stock after purchasing an additional 40,326 shares during the period. Watsco makes up approximately 1.6% of Donaldson Capital Management LLC’s holdings, making the stock its 27th biggest position. Donaldson Capital Management LLC owned about 0.31% of Watsco worth $50,452,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WSO. Ameritas Advisory Services LLC bought a new position in shares of Watsco in the second quarter valued at $26,000. SJS Investment Consulting Inc. grew its holdings in shares of Watsco by 2,366.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 74 shares of the construction company’s stock worth $30,000 after acquiring an additional 71 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Watsco by 242.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 72 shares of the construction company’s stock worth $33,000 after acquiring an additional 51 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Watsco during the second quarter worth $34,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Watsco during the third quarter valued at $37,000. 89.71% of the stock is currently owned by institutional investors.

Watsco Price Performance

NYSE WSO opened at $386.24 on Friday. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 30.17 and a beta of 1.03. The company has a 50 day simple moving average of $358.01 and a 200-day simple moving average of $383.77. Watsco, Inc. has a 52-week low of $323.05 and a 52-week high of $535.40.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Friday, November 7th. The construction company reported $3.98 EPS for the quarter. Watsco had a net margin of 7.04% and a return on equity of 16.48%. The firm had revenue of $2.07 billion for the quarter. On average, analysts predict that Watsco, Inc. will post 14.62 EPS for the current year.

Watsco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.1%. Watsco’s dividend payout ratio is 93.75%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WSO shares. Wolfe Research set a $349.00 price target on Watsco in a research note on Tuesday, December 9th. William Blair reiterated a “market perform” rating on shares of Watsco in a report on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of Watsco in a report on Thursday, October 30th. Zacks Research lowered shares of Watsco from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Finally, Mizuho lowered their price objective on shares of Watsco from $400.00 to $370.00 and set a “neutral” rating on the stock in a research report on Monday, January 5th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $404.14.

About Watsco

Watsco, Inc is the largest distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment, parts and supplies in the United States. Headquartered in Miami, Florida, the company operates a network of more than 600 branches across the continental U.S., Canada and Puerto Rico. Watsco serves residential and commercial contractors by providing essential components for climate control systems, including air conditioners, furnaces, heat pumps, coils, refrigerants, controls and electrical and piping supplies.

Founded in 1947, Watsco has grown from a single regional distributor into an industry leader through a combination of organic expansion, acquisitions and strategic partnerships with original equipment manufacturers such as Carrier, Trane, Goodman and Lennox.