Watsco, Inc. $WSO Shares Purchased by Applied Capital LLC FL

Applied Capital LLC FL lifted its holdings in Watsco, Inc. (NYSE:WSO) by 0.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,957 shares of the construction company’s stock after purchasing an additional 60 shares during the period. Watsco makes up 2.2% of Applied Capital LLC FL’s holdings, making the stock its 12th biggest holding. Applied Capital LLC FL’s holdings in Watsco were worth $3,072,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC acquired a new position in shares of Watsco in the first quarter valued at approximately $266,000. Goldman Sachs Group Inc. grew its holdings in Watsco by 62.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 468,875 shares of the construction company’s stock worth $238,329,000 after acquiring an additional 180,951 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Watsco during the 1st quarter worth approximately $2,588,000. Golden State Wealth Management LLC grew its holdings in Watsco by 109.4% during the 1st quarter. Golden State Wealth Management LLC now owns 222 shares of the construction company’s stock worth $113,000 after acquiring an additional 116 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in Watsco by 23.1% during the 1st quarter. Voya Investment Management LLC now owns 16,218 shares of the construction company’s stock worth $8,244,000 after acquiring an additional 3,045 shares in the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Trading Down 3.7%

Shares of Watsco stock opened at $366.64 on Friday. The company has a fifty day simple moving average of $403.95 and a 200-day simple moving average of $445.25. Watsco, Inc. has a 12-month low of $366.30 and a 12-month high of $571.41. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 28.12 and a beta of 0.94.

Watsco (NYSE:WSO) last issued its earnings results on Wednesday, July 30th. The construction company reported $4.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.32). Watsco had a net margin of 7.08% and a return on equity of 16.96%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the company posted $4.49 EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts forecast that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 16th will be issued a $3.00 dividend. The ex-dividend date is Thursday, October 16th. This represents a $12.00 annualized dividend and a dividend yield of 3.3%. Watsco’s dividend payout ratio is presently 92.02%.

Analysts Set New Price Targets

WSO has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Watsco in a report on Wednesday. UBS Group lowered their price target on shares of Watsco from $450.00 to $425.00 and set a “neutral” rating for the company in a report on Tuesday, September 23rd. Finally, Morgan Stanley lowered their price target on shares of Watsco from $505.00 to $460.00 and set an “equal weight” rating for the company in a report on Wednesday. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $472.50.

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.