Freedom Day Solutions LLC Has $3.46 Million Holdings in Watsco, Inc. (NYSE:WSO)

Freedom Day Solutions LLC lessened its stake in Watsco, Inc. (NYSE:WSO) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,301 shares of the construction company’s stock after selling 191 shares during the quarter. Watsco comprises approximately 1.0% of Freedom Day Solutions LLC’s investment portfolio, making the stock its 23rd biggest holding. Freedom Day Solutions LLC’s holdings in Watsco were worth $3,460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its position in Watsco by 71.0% in the 4th quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock valued at $100,000 after acquiring an additional 88 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Watsco in the 4th quarter valued at about $1,003,000. Atria Wealth Solutions Inc. boosted its stake in shares of Watsco by 14.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,607 shares of the construction company’s stock valued at $762,000 after purchasing an additional 197 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Watsco by 5.4% in the 4th quarter. Venturi Wealth Management LLC now owns 865 shares of the construction company’s stock valued at $410,000 after purchasing an additional 44 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Watsco by 0.6% in the 4th quarter. D.A. Davidson & CO. now owns 9,139 shares of the construction company’s stock valued at $4,331,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Stock Performance

Shares of WSO opened at $511.11 on Thursday. Watsco, Inc. has a twelve month low of $373.33 and a twelve month high of $571.41. The firm’s 50 day moving average price is $484.90 and its two-hundred day moving average price is $491.75. The firm has a market cap of $20.64 billion, a P/E ratio of 38.57 and a beta of 0.95.

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

Watsco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Friday, January 17th. Watsco’s payout ratio is currently 81.51%.

Insider Buying and Selling at Watsco

In other news, EVP Barry S. Logan sold 10,998 shares of Watsco 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 12.86% of the company’s stock.

Analysts Set New Price Targets

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

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.