MJP Associates Inc. ADV Has $286,000 Stock Holdings in Watsco, Inc. (NYSE:WSO)

MJP Associates Inc. ADV lessened its stake in shares of Watsco, Inc. (NYSE:WSO) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 668 shares of the construction company’s stock after selling 39 shares during the quarter. MJP Associates Inc. ADV’s holdings in Watsco were worth $286,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Watsco by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 3,325,958 shares of the construction company’s stock valued at $1,013,220,000 after acquiring an additional 14,122 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Watsco by 2.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,670,785 shares of the construction company’s stock valued at $531,577,000 after purchasing an additional 32,734 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Watsco by 105,561.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,494,050 shares of the construction company’s stock valued at $372,616,000 after purchasing an additional 1,492,636 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Watsco by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,310,201 shares of the construction company’s stock valued at $476,973,000 after acquiring an additional 9,201 shares during the period. Finally, Capital World Investors increased its position in shares of Watsco by 0.3% during the first quarter. Capital World Investors now owns 1,127,943 shares of the construction company’s stock worth $343,617,000 after acquiring an additional 3,540 shares in the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Price Performance

NYSE:WSO traded down $2.31 during midday trading on Thursday, hitting $431.97. The company had a trading volume of 224,765 shares, compared to its average volume of 352,516. The stock’s fifty day moving average price is $399.48 and its 200-day moving average price is $390.86. Watsco, Inc. has a 52-week low of $298.79 and a 52-week high of $441.29. The company has a quick ratio of 1.47, a current ratio of 3.36 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $17.06 billion, a PE ratio of 31.86, a P/E/G ratio of 3.30 and a beta of 0.89.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Tuesday, February 13th. The construction company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.44). Watsco had a net margin of 7.36% and a return on equity of 21.36%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business posted $2.35 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, research analysts expect that Watsco, Inc. will post 14.26 earnings per share for the current year.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a $2.45 dividend. The ex-dividend date was Tuesday, January 16th. This represents a $9.80 annualized dividend and a yield of 2.27%. Watsco’s payout ratio is currently 71.74%.

Analyst Ratings Changes

WSO has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Watsco from a “hold” rating to a “buy” rating and increased their price objective for the company from $387.00 to $500.00 in a report on Friday, December 8th. Robert W. Baird raised their price target on shares of Watsco from $400.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Finally, Stephens upped their price objective on shares of Watsco from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Watsco has a consensus rating of “Hold” and a consensus price target of $396.00.

Watsco Profile

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.