CHICAGO TRUST Co NA Acquires 678 Shares of Watsco, Inc. (NYSE:WSO)

CHICAGO TRUST Co NA increased its holdings in Watsco, Inc. (NYSE:WSO) by 20.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,930 shares of the construction company’s stock after purchasing an additional 678 shares during the period. CHICAGO TRUST Co NA’s holdings in Watsco were worth $1,933,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its stake in Watsco by 30.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company’s stock valued at $46,000 after buying an additional 22 shares during the last quarter. CWM LLC boosted its holdings in Watsco by 2.6% during the third quarter. CWM LLC now owns 952 shares of the construction company’s stock valued at $468,000 after acquiring an additional 24 shares during the period. Mather Group LLC. grew its position in shares of Watsco by 10.2% in the second quarter. Mather Group LLC. now owns 293 shares of the construction company’s stock valued at $127,000 after purchasing an additional 27 shares during the last quarter. EntryPoint Capital LLC increased its stake in shares of Watsco by 100.0% in the first quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock worth $25,000 after purchasing an additional 29 shares during the period. Finally, Salomon & Ludwin LLC lifted its position in shares of Watsco by 52.6% during the 1st quarter. Salomon & Ludwin LLC now owns 87 shares of the construction company’s stock worth $38,000 after purchasing an additional 30 shares during the last quarter. 89.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on WSO. Robert W. Baird boosted their target price on shares of Watsco from $460.00 to $522.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Watsco from $420.00 to $425.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st.

Watsco Price Performance

NYSE:WSO opened at $491.58 on Friday. The firm has a market cap of $19.81 billion, a PE ratio of 37.81 and a beta of 0.88. The company’s 50-day moving average price is $478.24 and its two-hundred day moving average price is $470.01. The company has a quick ratio of 1.55, a current ratio of 3.21 and a debt-to-equity ratio of 0.01. Watsco, Inc. has a 12 month low of $338.58 and a 12 month high of $520.41.

Watsco (NYSE:WSO) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $4.49 EPS for the quarter, missing analysts’ consensus estimates of $4.70 by ($0.21). Watsco had a return on equity of 18.55% and a net margin of 7.02%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the firm posted $4.42 EPS. Watsco’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Watsco, Inc. will post 13.83 EPS for the current fiscal year.

Watsco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be issued a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a yield of 2.20%. The ex-dividend date is Wednesday, October 16th. Watsco’s dividend payout ratio is 83.08%.

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.