Mn Services Vermogensbeheer B.V. Purchases 300 Shares of Watsco, Inc. (NYSE:WSO)

Mn Services Vermogensbeheer B.V. increased its position in shares of Watsco, Inc. (NYSE:WSO) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,600 shares of the construction company’s stock after acquiring an additional 300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Watsco were worth $6,445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank grew its position in Watsco by 32.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,258 shares of the construction company’s stock worth $2,094,000 after acquiring an additional 1,038 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Watsco by 40.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,217 shares of the construction company’s stock valued at $1,582,000 after buying an additional 929 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Watsco by 3,571.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,138 shares of the construction company’s stock valued at $560,000 after buying an additional 1,107 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Watsco by 1.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 64,758 shares of the construction company’s stock valued at $31,853,000 after buying an additional 1,074 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Watsco by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 51,590 shares of the construction company’s stock valued at $25,645,000 after buying an additional 2,738 shares during the last quarter. Institutional investors own 89.71% of the company’s stock.

Wall Street Analyst Weigh In

WSO has been the topic of a number of analyst reports. Raymond James initiated coverage on Watsco in a research report on Friday, January 17th. They issued a “market perform” rating on the stock. Northcoast Research initiated coverage on Watsco in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Loop Capital upped their price target on Watsco from $450.00 to $460.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Robert W. Baird upped their price target on Watsco from $540.00 to $560.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $486.25.

Watsco Price Performance

Shares of Watsco stock opened at $503.80 on Friday. Watsco, Inc. has a one year low of $388.47 and a one year high of $571.41. The stock’s 50-day moving average is $485.23 and its 200 day moving average is $493.42. The firm has a market cap of $20.34 billion, a price-to-earnings ratio of 38.02 and a beta of 0.95.

Watsco (NYSE:WSO) last announced its earnings results on Tuesday, February 18th. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.13 by $0.24. Watsco had a return on equity of 17.59% and a net margin of 7.04%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.67 billion. On average, sell-side analysts expect that Watsco, Inc. will post 14.62 EPS for the current fiscal year.

Watsco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $2.70 dividend. The ex-dividend date was Friday, January 17th. This represents a $10.80 annualized dividend and a yield of 2.14%. Watsco’s payout ratio is currently 81.51%.

Insiders Place Their Bets

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

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.