Watsco, Inc. (NYSE:WSO) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its position in Watsco, Inc. (NYSE:WSOFree Report) by 14.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,838 shares of the construction company’s stock after purchasing an additional 482 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Watsco were worth $1,645,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Park Avenue Securities LLC acquired a new stake in Watsco in the 3rd quarter valued at approximately $357,000. Fifth Third Bancorp raised its stake in shares of Watsco by 7.3% during the third quarter. Fifth Third Bancorp now owns 1,267 shares of the construction company’s stock valued at $479,000 after purchasing an additional 86 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Watsco by 2.8% during the third quarter. Teacher Retirement System of Texas now owns 2,589 shares of the construction company’s stock valued at $978,000 after purchasing an additional 71 shares in the last quarter. M&T Bank Corp lifted its holdings in Watsco by 3.1% in the third quarter. M&T Bank Corp now owns 1,989 shares of the construction company’s stock worth $751,000 after purchasing an additional 60 shares during the period. Finally, Duality Advisers LP grew its position in Watsco by 26.2% in the 3rd quarter. Duality Advisers LP now owns 9,273 shares of the construction company’s stock valued at $3,503,000 after buying an additional 1,926 shares in the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Watsco from $420.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Stephens restated an “overweight” rating and issued a $500.00 target price on shares of Watsco in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Watsco presently has an average rating of “Hold” and a consensus price target of $404.25.

Read Our Latest Report on Watsco

Insider Activity at Watsco

In other news, Director John Alexander Macdonald sold 5,334 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $466.41, for a total transaction of $2,487,830.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Barry S. Logan sold 774 shares of Watsco stock in a transaction on Friday, May 10th. The shares were sold at an average price of $473.85, for a total value of $366,759.90. Following the completion of the sale, the executive vice president now owns 1,770 shares of the company’s stock, valued at approximately $838,714.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Alexander Macdonald sold 5,334 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $466.41, for a total transaction of $2,487,830.94. The disclosure for this sale can be found here. Insiders own 13.30% of the company’s stock.

Watsco Price Performance

NYSE WSO opened at $477.62 on Friday. The company has a current ratio of 2.92, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. Watsco, Inc. has a 1 year low of $315.17 and a 1 year high of $488.70. The company has a market cap of $18.87 billion, a PE ratio of 36.74 and a beta of 0.86. The stock’s 50-day moving average price is $435.73 and its two-hundred day moving average price is $410.46.

Watsco (NYSE:WSOGet Free Report) last released its earnings results on Wednesday, April 24th. The construction company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.09). The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Watsco had a net margin of 7.03% and a return on equity of 19.26%. Watsco’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.83 EPS. On average, analysts predict that Watsco, Inc. will post 14.23 EPS for the current year.

Watsco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were issued a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a dividend yield of 2.26%. This is a positive change from Watsco’s previous quarterly dividend of $2.45. The ex-dividend date of this dividend was Friday, April 12th. Watsco’s dividend payout ratio (DPR) is currently 83.08%.

Watsco Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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