76 Shares in Watsco, Inc. (NYSE:WSO) Acquired by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. acquired a new stake in shares of Watsco, Inc. (NYSE:WSO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 76 shares of the construction company’s stock, valued at approximately $36,000.

Other large investors have also added to or reduced their stakes in the company. FMR LLC grew its position in Watsco by 10.6% during the 3rd quarter. FMR LLC now owns 3,624,159 shares of the construction company’s stock valued at $1,782,651,000 after purchasing an additional 346,470 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Watsco by 48,984.7% in the third quarter. International Assets Investment Management LLC now owns 233,643 shares of the construction company’s stock worth $114,924,000 after buying an additional 233,167 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Watsco by 2,128.1% in the third quarter. Benjamin Edwards Inc. now owns 107,463 shares of the construction company’s stock worth $52,880,000 after buying an additional 102,640 shares in the last quarter. State Street Corp grew its holdings in shares of Watsco by 5.9% during the third quarter. State Street Corp now owns 1,173,762 shares of the construction company’s stock valued at $577,350,000 after buying an additional 65,846 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Watsco by 9.9% during the third quarter. Geode Capital Management LLC now owns 704,330 shares of the construction company’s stock valued at $345,783,000 after acquiring an additional 63,254 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Insider Transactions at Watsco

In other news, EVP Barry S. Logan sold 10,998 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 12.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Northcoast Research started coverage on Watsco in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Raymond James began coverage on Watsco in a research note on Friday, January 17th. They issued a “market perform” rating for the company. Finally, Robert W. Baird dropped their price objective on Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Three 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, Watsco presently has an average rating of “Hold” and a consensus target price of $488.33.

Watsco Stock Up 0.9 %

Shares of Watsco stock opened at $471.99 on Wednesday. Watsco, Inc. has a twelve month low of $373.33 and a twelve month high of $571.41. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 36.48 and a beta of 0.95. The company’s 50 day moving average is $488.57 and its 200 day moving average is $491.37.

Watsco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $2.70 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.29%. Watsco’s dividend payout ratio (DPR) is currently 83.46%.

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.