First Trust Advisors LP decreased its position in Watsco, Inc. (NYSE:WSO) by 23.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 158,418 shares of the construction company’s stock after selling 48,872 shares during the period. First Trust Advisors LP owned 0.48% of Watsco worth $24,428,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Flinton Capital Management LLC increased its position in shares of Watsco by 9.1% in the first quarter. Flinton Capital Management LLC now owns 768 shares of the construction company’s stock worth $110,000 after buying an additional 64 shares during the last quarter. Winslow Evans & Crocker Inc. increased its position in shares of Watsco by 300.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 800 shares of the construction company’s stock worth $123,000 after buying an additional 600 shares during the last quarter. Creative Planning increased its position in shares of Watsco by 1.5% in the first quarter. Creative Planning now owns 979 shares of the construction company’s stock worth $140,000 after buying an additional 14 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Watsco by 15.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 952 shares of the construction company’s stock worth $147,000 after buying an additional 129 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its position in shares of Watsco by 9.1% in the first quarter. Meadow Creek Investment Management LLC now owns 1,056 shares of the construction company’s stock worth $151,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 79.58% of the company’s stock.

Shares of Watsco, Inc. (NYSE WSO) opened at 146.91 on Friday. The firm has a 50-day moving average price of $151.12 and a 200-day moving average price of $146.88. The stock has a market cap of $4.80 billion, a P/E ratio of 27.17 and a beta of 0.83. Watsco, Inc. has a 52-week low of $128.60 and a 52-week high of $159.55.

Watsco (NYSE:WSO) last posted its quarterly earnings data on Tuesday, July 25th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.05. Watsco had a return on equity of 14.52% and a net margin of 4.29%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts anticipate that Watsco, Inc. will post $5.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were issued a dividend of $1.25 per share. This is a boost from Watsco’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $5.00 annualized dividend and a dividend yield of 3.40%. Watsco’s dividend payout ratio (DPR) is 93.11%.

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A number of equities analysts recently commented on WSO shares. Stifel Nicolaus lifted their price objective on Watsco from $152.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Seaport Global Securities upgraded Watsco from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $160.00 in a research report on Wednesday, April 26th. Zacks Investment Research upgraded Watsco from a “hold” rating to a “buy” rating and set a $173.00 price objective on the stock in a research report on Tuesday, June 27th. BidaskClub upgraded Watsco from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, Wolfe Research started coverage on Watsco in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $163.20.

Watsco Company Profile

Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.

Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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