Watsco Inc. (WSO) Position Held by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. held its stake in Watsco Inc. (NYSE:WSO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,613 shares of the company’s stock at the end of the third quarter. Robeco Institutional Asset Management B.V. owned about 0.43% of Watsco worth $19,672,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in WSO. Nisa Investment Advisors LLC increased its stake in Watsco by 0.9% in the second quarter. Nisa Investment Advisors LLC now owns 16,630 shares of the company’s stock worth $2,340,000 after buying an additional 150 shares during the last quarter. Capital Analysts LLC boosted its position in shares of Watsco by 634.6% in the second quarter. Capital Analysts LLC now owns 15,207 shares of the company’s stock worth $491,000 after buying an additional 13,137 shares during the period. Foundry Partners LLC bought a new position in shares of Watsco during the second quarter worth about $232,000. Capstone Asset Management Co. boosted its position in shares of Watsco by 7.4% in the second quarter. Capstone Asset Management Co. now owns 2,636 shares of the company’s stock worth $371,000 after buying an additional 182 shares during the period. Finally, Creative Planning boosted its position in shares of Watsco by 1.8% in the second quarter. Creative Planning now owns 966 shares of the company’s stock worth $136,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 66.78% of the company’s stock.
Watsco Inc. (NYSE:WSO) traded down 0.77% during mid-day trading on Tuesday, reaching $146.37. The company’s stock had a trading volume of 30,927 shares. Watsco Inc. has a one year low of $106.58 and a one year high of $149.99. The stock has a market cap of $4.77 billion, a P/E ratio of 28.86 and a beta of 0.75. The firm’s 50 day moving average is $140.83 and its 200-day moving average is $140.32.
Watsco (NYSE:WSO) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.92 by $0.14. The company earned $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Watsco had a return on equity of 13.79% and a net margin of 4.10%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. Equities analysts expect that Watsco Inc. will post $5.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Monday, October 17th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.85%. This is a boost from Watsco’s previous quarterly dividend of $0.85. The ex-dividend date was Thursday, October 13th. Watsco’s dividend payout ratio is currently 83.00%.
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A number of brokerages have recently issued reports on WSO. Zacks Investment Research raised Watsco from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Longbow Research raised Watsco from a “neutral” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Friday, October 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Watsco currently has a consensus rating of “Hold” and an average target price of $141.36.
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.
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