Alpha DNA Investment Management LLC Has $439,000 Stock Holdings in Watsco, Inc. (NYSE:WSO)

Alpha DNA Investment Management LLC increased its position in shares of Watsco, Inc. (NYSE:WSO) by 33.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 892 shares of the construction company’s stock after buying an additional 225 shares during the period. Alpha DNA Investment Management LLC’s holdings in Watsco were worth $439,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in Watsco by 48,984.7% during 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 in the last quarter. Swedbank AB acquired a new position in shares of Watsco in the 1st quarter worth approximately $90,714,000. Charles Schwab Investment Management Inc. lifted its position in shares of Watsco by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,252,822 shares of the construction company’s stock worth $616,357,000 after buying an additional 62,041 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Watsco by 225.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 38,830 shares of the construction company’s stock valued at $16,610,000 after buying an additional 26,911 shares in the last quarter. Finally, Interval Partners LP bought a new stake in Watsco in the second quarter valued at $11,740,000. Institutional investors own 89.71% of the company’s stock.

Watsco Stock Performance

WSO opened at $554.79 on Monday. The company has a fifty day moving average price of $499.99 and a two-hundred day moving average price of $485.27. The firm has a market capitalization of $22.40 billion, a PE ratio of 42.87 and a beta of 0.88. Watsco, Inc. has a 52 week low of $373.33 and a 52 week high of $555.42.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 EPS for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.51). The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.24 billion. Watsco had a return on equity of 17.77% and a net margin of 6.99%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $4.35 earnings per share. Equities analysts forecast that Watsco, Inc. will post 13.06 EPS for the current year.

Watsco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were paid a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a yield of 1.95%. The ex-dividend date was Wednesday, October 16th. Watsco’s payout ratio is presently 83.46%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WSO. Northcoast Research assumed coverage on shares of Watsco in a report on Friday. They issued a “neutral” rating on the stock. Robert W. Baird dropped their price objective on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their target price on Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $491.25.

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.