Watsco, Inc. (NYSE:WSO) Shares Sold by Advisor OS LLC

Advisor OS LLC lowered its stake in Watsco, Inc. (NYSE:WSO) by 41.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,171 shares of the construction company’s stock after selling 822 shares during the quarter. Advisor OS LLC’s holdings in Watsco were worth $555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cutter & CO Brokerage Inc. raised its position in shares of Watsco by 9.4% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 13,763 shares of the construction company’s stock worth $6,522,000 after buying an additional 1,186 shares in the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of Watsco by 285.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 3,011 shares of the construction company’s stock valued at $1,427,000 after acquiring an additional 2,229 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of Watsco during the fourth quarter valued at approximately $285,000. Pine Valley Investments Ltd Liability Co raised its holdings in Watsco by 4.1% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 904 shares of the construction company’s stock worth $428,000 after purchasing an additional 36 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in Watsco in the fourth quarter worth approximately $232,000. Institutional investors own 89.71% of the company’s stock.

Insiders Place Their Bets

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 12.86% of the company’s stock.

Watsco Stock Performance

NYSE WSO opened at $498.19 on Thursday. Watsco, Inc. has a 1 year low of $383.06 and a 1 year high of $571.41. The business’s fifty day moving average is $484.56 and its two-hundred day moving average is $492.99. The stock has a market capitalization of $20.12 billion, a P/E ratio of 37.60 and a beta of 0.95.

Watsco (NYSE:WSO) last issued its earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.24. Watsco had a return on equity of 17.59% and a net margin of 7.04%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.67 billion. On average, research analysts forecast that Watsco, Inc. will post 14.62 earnings per share for the current year.

Watsco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Friday, January 17th. Watsco’s dividend payout ratio is presently 81.51%.

Analyst Upgrades and Downgrades

WSO has been the topic of several research analyst reports. Northcoast Research initiated coverage on Watsco in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Raymond James initiated coverage on Watsco in a report on Friday, January 17th. They set a “market perform” rating on the stock. Finally, Robert W. Baird upped their price target on shares of Watsco from $540.00 to $560.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $495.00.

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.