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

Donaldson Capital Management LLC decreased its holdings in shares of Watsco, Inc. (NYSE:WSO) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,931 shares of the construction company’s stock after selling 14,858 shares during the period. Watsco comprises about 1.2% of Donaldson Capital Management LLC’s portfolio, making the stock its 28th largest holding. Donaldson Capital Management LLC owned approximately 0.27% of Watsco worth $37,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SJS Investment Consulting Inc. lifted its position 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 buying an additional 71 shares during the last quarter. TruNorth Capital Management LLC bought a new stake in shares of Watsco during the 3rd quarter valued at about $37,000. Capital A Wealth Management LLC grew its position in shares of Watsco by 4,700.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 96 shares of the construction company’s stock valued at $41,000 after buying an additional 94 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in Watsco during the third quarter worth about $49,000. Finally, First Horizon Corp acquired a new stake in Watsco during the third quarter worth about $51,000. 89.71% of the stock is owned by institutional investors and hedge funds.

Watsco Stock Down 0.3%

Watsco stock opened at $346.29 on Monday. Watsco, Inc. has a 52-week low of $323.05 and a 52-week high of $521.09. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of 28.60 and a beta of 1.03. The firm has a 50-day moving average price of $394.13 and a two-hundred day moving average price of $374.07.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.68 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.26). The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.62 billion. Watsco had a net margin of 6.87% and a return on equity of 15.49%. Watsco’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.37 EPS. Research analysts expect that Watsco, Inc. will post 14.62 earnings per share for the current year.

Watsco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, January 16th. Watsco’s dividend payout ratio (DPR) is currently 99.09%.

Analyst Ratings Changes

A number of equities analysts have commented on WSO shares. KeyCorp restated a “sector weight” rating on shares of Watsco in a research note on Friday, December 12th. Zacks Research raised Watsco from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. UBS Group began coverage on Watsco in a research report on Monday, January 5th. They set a “neutral” rating and a $370.00 price objective for the company. Mizuho set a $425.00 price objective on Watsco in a research note on Wednesday, February 18th. Finally, Wolfe Research set a $349.00 target price on Watsco in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Watsco presently has an average rating of “Hold” and a consensus target price of $409.00.

Watsco Profile

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.