Autumn Glory Partners LLC Boosts Stake in Watsco, Inc. (NYSE:WSO)

Autumn Glory Partners LLC boosted its position in Watsco, Inc. (NYSE:WSO) by 149.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,369 shares of the construction company’s stock after purchasing an additional 821 shares during the period. Autumn Glory Partners LLC’s holdings in Watsco were worth $679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Watsco by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 3,411,894 shares of the construction company’s stock valued at $1,473,836,000 after acquiring an additional 146,305 shares during the period. Blair William & Co. IL boosted its stake in shares of Watsco by 1.2% during the second quarter. Blair William & Co. IL now owns 801,152 shares of the construction company’s stock valued at $371,126,000 after purchasing an additional 9,141 shares during the period. Markel Group Inc. grew its holdings in shares of Watsco by 0.9% in the second quarter. Markel Group Inc. now owns 571,250 shares of the construction company’s stock worth $264,626,000 after purchasing an additional 5,000 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Watsco by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 393,032 shares of the construction company’s stock worth $182,068,000 after buying an additional 6,320 shares during the period. Finally, Motley Fool Asset Management LLC increased its stake in Watsco by 263.6% in the 1st quarter. Motley Fool Asset Management LLC now owns 320,008 shares of the construction company’s stock worth $138,234,000 after buying an additional 231,987 shares during the period. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Watsco Stock Up 0.8 %

NYSE:WSO opened at $479.80 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.36 and a quick ratio of 1.65. The firm has a market cap of $19.34 billion, a PE ratio of 36.91 and a beta of 0.88. The company has a 50-day moving average of $482.08 and a 200 day moving average of $474.60. Watsco, Inc. has a 1-year low of $343.04 and a 1-year high of $520.41.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $4.22 earnings per share for the quarter, missing the consensus estimate of $4.73 by ($0.51). The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Watsco had a return on equity of 17.77% and a net margin of 6.99%. Watsco’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.35 EPS. As a group, research analysts anticipate that Watsco, Inc. will post 13.43 EPS for the current fiscal year.

Watsco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be issued a $2.70 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.25%. Watsco’s dividend payout ratio is presently 83.08%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WSO. JPMorgan Chase & Co. boosted 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. Robert W. Baird lowered their price target on Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a report on Thursday, October 24th.

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.