Benchmark Financial Wealth Advisors LLC Invests $909,000 in Watsco, Inc. (NYSE:WSO)

Benchmark Financial Wealth Advisors LLC acquired a new position in Watsco, Inc. (NYSE:WSO) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,919 shares of the construction company’s stock, valued at approximately $909,000.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Watsco during the third quarter valued at approximately $282,000. GAMMA Investing LLC increased its position in Watsco by 37.2% in the 3rd quarter. GAMMA Investing LLC now owns 491 shares of the construction company’s stock valued at $242,000 after acquiring an additional 133 shares during the period. Atomi Financial Group Inc. raised its stake in Watsco by 105.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 973 shares of the construction company’s stock valued at $479,000 after acquiring an additional 500 shares in the last quarter. CWM LLC boosted its position in Watsco by 2.6% during the 3rd quarter. CWM LLC now owns 952 shares of the construction company’s stock worth $468,000 after acquiring an additional 24 shares during the period. Finally, LVW Advisors LLC grew its stake in shares of Watsco by 12.5% in the third quarter. LVW Advisors LLC now owns 1,926 shares of the construction company’s stock worth $947,000 after purchasing an additional 214 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors.

Watsco Stock Down 0.1 %

NYSE:WSO opened at $473.37 on Thursday. Watsco, Inc. has a 52-week low of $373.33 and a 52-week high of $571.41. The firm has a market cap of $19.11 billion, a P/E ratio of 36.58 and a beta of 0.95. The business’s 50-day moving average price is $494.85 and its 200 day moving average price is $492.17.

Watsco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors 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 dividend on an annualized basis and a dividend yield of 2.28%. Watsco’s payout ratio is currently 83.46%.

Analyst Upgrades and Downgrades

WSO has been the topic of a number of recent analyst reports. Northcoast Research started coverage on shares of Watsco in a research note on Friday, November 22nd. They set a “neutral” rating on the stock. Robert W. Baird dropped their price target on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Raymond James began coverage on shares of Watsco in a report on Friday, January 17th. They issued a “market perform” rating for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $488.33.

Insider Activity at Watsco

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