US Bancorp DE increased its holdings in shares of Watsco Inc (NYSE:WSO) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,220 shares of the construction company’s stock after purchasing an additional 2,355 shares during the period. US Bancorp DE’s holdings in Watsco were worth $3,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brookstone Capital Management increased its stake in Watsco by 17.1% during the 3rd quarter. Brookstone Capital Management now owns 2,155 shares of the construction company’s stock worth $347,000 after buying an additional 314 shares during the period. Prudential Financial Inc. increased its stake in Watsco by 1.7% during the 3rd quarter. Prudential Financial Inc. now owns 19,248 shares of the construction company’s stock worth $3,100,000 after buying an additional 330 shares during the period. Pennsylvania Trust Co increased its stake in Watsco by 1.6% during the 4th quarter. Pennsylvania Trust Co now owns 30,127 shares of the construction company’s stock worth $5,122,000 after buying an additional 463 shares during the period. The Manufacturers Life Insurance Company increased its stake in Watsco by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 64,773 shares of the construction company’s stock worth $9,988,000 after buying an additional 469 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Watsco by 35.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,816 shares of the construction company’s stock worth $309,000 after buying an additional 476 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Barry S. Logan sold 3,246 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $164.30, for a total value of $533,317.80. Following the completion of the transaction, the senior vice president now owns 15,800 shares in the company, valued at approximately $2,595,940. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 13.93% of the company’s stock.

Watsco Inc (NYSE:WSO) opened at $164.93 on Wednesday. The company has a current ratio of 3.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.01. Watsco Inc has a twelve month low of $134.08 and a twelve month high of $182.79. The company has a market cap of $5,870.46, a P/E ratio of 30.08 and a beta of 0.87.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Thursday, February 8th. The construction company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.10). Watsco had a return on equity of 14.66% and a net margin of 4.80%. The firm had revenue of $964.35 million for the quarter, compared to analyst estimates of $965.85 million. During the same quarter last year, the firm earned $0.81 EPS. The company’s revenue was up 5.6% on a year-over-year basis. equities analysts forecast that Watsco Inc will post 6.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Friday, January 12th. Watsco’s payout ratio is 86.36%.

Several equities research analysts recently weighed in on WSO shares. Zacks Investment Research downgraded shares of Watsco from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley boosted their price target on shares of Watsco from $151.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, October 26th. Susquehanna Bancshares set a $195.00 price target on shares of Watsco and gave the stock a “buy” rating in a report on Friday, February 9th. Stephens set a $169.00 price target on shares of Watsco and gave the stock a “hold” rating in a report on Thursday, February 8th. Finally, KeyCorp reiterated a “buy” rating on shares of Watsco in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $168.88.

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About Watsco

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.

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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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