Pennsylvania Trust Co boosted its holdings in shares of Watsco Inc (NYSE:WSO) by 0.2% in the 3rd quarter, Holdings Channel reports. The firm owned 63,974 shares of the construction company’s stock after buying an additional 150 shares during the period. Pennsylvania Trust Co’s holdings in Watsco were worth $10,823,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in Watsco during the second quarter worth $341,000. Cumberland Partners Ltd bought a new stake in Watsco during the second quarter worth $924,000. Krueger & Catalano Capital Partners LLC lifted its stake in Watsco by 4.5% during the second quarter. Krueger & Catalano Capital Partners LLC now owns 11,698 shares of the construction company’s stock worth $1,913,000 after purchasing an additional 509 shares during the last quarter. Wendell David Associates Inc. lifted its stake in Watsco by 1.2% during the second quarter. Wendell David Associates Inc. now owns 23,925 shares of the construction company’s stock worth $3,912,000 after purchasing an additional 290 shares during the last quarter. Finally, Cetera Advisors LLC bought a new stake in Watsco during the second quarter worth $345,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Several equities research analysts have weighed in on WSO shares. Zacks Investment Research cut Watsco from a “hold” rating to a “sell” rating and set a $167.00 target price for the company. in a research note on Saturday, August 3rd. Buckingham Research upped their target price on Watsco from $148.00 to $165.00 and gave the stock a “neutral” rating in a research note on Tuesday.

Shares of WSO traded up $0.72 during trading hours on Wednesday, reaching $165.72. The stock had a trading volume of 214,599 shares, compared to its average volume of 266,085. Watsco Inc has a 12 month low of $131.88 and a 12 month high of $174.40. The stock has a market capitalization of $6.28 billion, a PE ratio of 25.53, a PEG ratio of 1.99 and a beta of 0.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.25 and a current ratio of 2.92. The company’s 50-day moving average is $163.78 and its two-hundred day moving average is $158.77.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Thursday, July 18th. The construction company reported $2.40 EPS for the quarter, missing the Zacks’ consensus estimate of $2.54 by ($0.14). Watsco had a net margin of 5.17% and a return on equity of 14.63%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company posted $2.40 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Equities analysts anticipate that Watsco Inc will post 6.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Friday, October 11th. Watsco’s payout ratio is 98.61%.

Watsco Company Profile

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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