Semanteon Capital Management LP Acquires 723 Shares of Watsco, Inc. (NYSE:WSO)

Semanteon Capital Management LP increased its holdings in Watsco, Inc. (NYSE:WSO) by 31.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,036 shares of the construction company’s stock after buying an additional 723 shares during the period. Semanteon Capital Management LP’s holdings in Watsco were worth $1,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in Watsco in the 4th quarter worth approximately $31,000. Wingate Wealth Advisors Inc. bought a new position in Watsco in the 4th quarter worth approximately $36,000. Quarry LP boosted its holdings in Watsco by 57.9% in the 3rd quarter. Quarry LP now owns 90 shares of the construction company’s stock worth $44,000 after buying an additional 33 shares during the period. Brooklyn Investment Group bought a new position in Watsco in the 3rd quarter worth approximately $48,000. Finally, Atala Financial Inc bought a new position in Watsco in the 4th quarter worth approximately $49,000. 89.71% of the stock is owned by institutional investors.

Watsco Stock Performance

Watsco stock opened at $502.84 on Friday. The firm’s fifty day moving average price is $492.81 and its 200-day moving average price is $495.99. The stock has a market cap of $20.32 billion, a P/E ratio of 37.95 and a beta of 0.92. Watsco, Inc. has a fifty-two week low of $396.82 and a fifty-two week high of $571.42.

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

Watsco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, January 17th. Watsco’s dividend payout ratio (DPR) is currently 81.51%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WSO shares. Raymond James started coverage on shares of Watsco in a report on Friday, January 17th. They issued a “market perform” rating for the company. Loop Capital raised their price target on shares of Watsco from $450.00 to $460.00 and gave the company a “hold” rating in a report on Thursday, February 27th. Robert W. Baird raised 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. Finally, Northcoast Research started coverage on shares of Watsco in a report on Friday, November 22nd. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Watsco presently has an average rating of “Hold” and an average price target of $486.25.

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.