Watsco Inc. (NYSE:WSO) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $140.89.

A number of research firms recently weighed in on WSO. Zacks Investment Research upgraded Watsco from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Longbow Research upgraded Watsco from a “neutral” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Friday, October 14th.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Watsco by 12.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 831 shares of the company’s stock valued at $117,000 after buying an additional 92 shares during the period. Public Employees Retirement Association of Colorado raised its stake in Watsco by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 836 shares of the company’s stock valued at $118,000 after buying an additional 3 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Watsco during the second quarter valued at $120,000. Washington Trust Bank raised its stake in Watsco by 1.9% in the third quarter. Washington Trust Bank now owns 851 shares of the company’s stock valued at $120,000 after buying an additional 16 shares during the period. Finally, Cantab Capital Partners LLP acquired a new stake in Watsco during the second quarter valued at $122,000. Institutional investors own 66.78% of the company’s stock.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by $0.14. Watsco had a net margin of 4.10% and a return on equity of 13.79%. The business earned $1.24 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $1.64 EPS. The firm’s revenue was up 5.5% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were given a $1.05 dividend. The ex-dividend date of this dividend was Thursday, October 13th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from Watsco’s previous quarterly dividend of $0.85. Watsco’s dividend payout ratio (DPR) is presently 83.00%.

About Watsco

Watsco, Inc (Watsco) is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. The Company operates at approximately 570 locations in over 40 United States’ states, Canada, Mexico and Puerto Rico.

5 Day Chart for NYSE:WSO

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