Watsco, Inc. (NYSE:WSO) Stock Holdings Increased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in shares of Watsco, Inc. (NYSE:WSO) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,139 shares of the construction company’s stock after acquiring an additional 55 shares during the period. D.A. Davidson & CO.’s holdings in Watsco were worth $4,331,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. bought a new stake in Watsco during the 4th quarter valued at $36,000. Ashton Thomas Securities LLC acquired a new position in shares of Watsco during the 3rd quarter valued at $43,000. Quarry LP raised its stake in shares of Watsco by 57.9% in the 3rd quarter. Quarry LP now owns 90 shares of the construction company’s stock worth $44,000 after buying an additional 33 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Watsco in the 3rd quarter worth $48,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Watsco in the 4th quarter worth $50,000. Institutional investors own 89.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WSO. Raymond James began coverage on Watsco in a research note on Friday, January 17th. They issued a “market perform” rating on the stock. Northcoast Research began coverage on Watsco in a research note on Friday, November 22nd. They issued a “neutral” rating on the stock. Finally, Robert W. Baird boosted their price objective on Watsco from $540.00 to $560.00 and gave the stock an “outperform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $495.00.

Insider Transactions at Watsco

In other news, EVP Barry S. Logan sold 10,998 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.86% of the stock is owned by insiders.

Watsco Stock Up 0.8 %

Shares of Watsco stock opened at $515.53 on Friday. The stock’s fifty day moving average is $484.99 and its 200-day moving average is $491.92. The firm has a market capitalization of $20.82 billion, a PE ratio of 38.91 and a beta of 0.95. Watsco, Inc. has a 12-month low of $377.92 and a 12-month high of $571.41.

Watsco (NYSE:WSO) last announced its earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.24. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.67 billion. Watsco had a return on equity of 17.61% and a net margin of 7.04%. Analysts expect that Watsco, Inc. will post 14.5 EPS for the current year.

Watsco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, January 17th. Watsco’s dividend payout ratio (DPR) is presently 81.51%.

About Watsco

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.