Hamilton Point Investment Advisors LLC Buys 49 Shares of Watsco, Inc. (NYSE:WSO)

Hamilton Point Investment Advisors LLC raised its holdings in shares of Watsco, Inc. (NYSE:WSO) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,236 shares of the construction company’s stock after buying an additional 49 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in Watsco were worth $6,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. FMR LLC lifted its holdings in Watsco by 10.6% during the 3rd quarter. FMR LLC now owns 3,624,159 shares of the construction company’s stock valued at $1,782,651,000 after purchasing an additional 346,470 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Watsco by 48,984.7% during the third quarter. International Assets Investment Management LLC now owns 233,643 shares of the construction company’s stock worth $114,924,000 after acquiring an additional 233,167 shares during the period. Benjamin Edwards Inc. lifted its position in Watsco by 2,128.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 107,463 shares of the construction company’s stock worth $52,880,000 after buying an additional 102,640 shares in the last quarter. State Street Corp raised its position in Watsco by 5.9% during the third quarter. State Street Corp now owns 1,173,762 shares of the construction company’s stock worth $577,350,000 after acquiring an additional 65,846 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Watsco by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 704,330 shares of the construction company’s stock worth $345,783,000 after acquiring an additional 63,254 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Watsco Trading Up 0.4 %

Shares of WSO stock opened at $483.62 on Friday. The stock has a market capitalization of $19.53 billion, a P/E ratio of 37.37 and a beta of 0.95. Watsco, Inc. has a 12 month low of $373.33 and a 12 month high of $571.41. The firm’s 50 day moving average is $501.33 and its 200 day moving average is $492.98.

Watsco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Friday, January 17th. Watsco’s payout ratio is 83.46%.

Insider Transactions at Watsco

In other news, EVP Barry S. Logan sold 10,998 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total value of $5,589,293.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WSO shares. Robert W. Baird cut their price target on Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Northcoast Research began coverage on Watsco in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. Finally, Raymond James assumed coverage on shares of Watsco in a research report on Friday, January 17th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Watsco currently has an average rating of “Hold” and a consensus target price of $488.33.

Watsco Company 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.