Watsco, Inc. (NYSE:WSO) Shares Sold by Vision Capital Management Inc.

Vision Capital Management Inc. lessened its position in shares of Watsco, Inc. (NYSE:WSO) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,721 shares of the construction company’s stock after selling 71 shares during the quarter. Watsco makes up about 1.2% of Vision Capital Management Inc.’s holdings, making the stock its 23rd largest position. Vision Capital Management Inc.’s holdings in Watsco were worth $7,924,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased 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 purchasing an additional 1,038 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in Watsco by 40.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,217 shares of the construction company’s stock worth $1,582,000 after purchasing an additional 929 shares in the last quarter. Larson Financial Group LLC increased its position in Watsco by 3,571.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,138 shares of the construction company’s stock worth $560,000 after purchasing an additional 1,107 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Watsco by 1.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 64,758 shares of the construction company’s stock worth $31,853,000 after purchasing an additional 1,074 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Watsco by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 51,590 shares of the construction company’s stock worth $25,645,000 after purchasing an additional 2,738 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Insider Buying and Selling

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the company’s 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 through this hyperlink. 12.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Watsco Stock Performance

Shares of NYSE:WSO opened at $473.37 on Thursday. Watsco, Inc. has a 1 year low of $373.33 and a 1 year high of $571.41. The stock has a market capitalization of $19.11 billion, a P/E ratio of 36.58 and a beta of 0.95. The stock has a 50-day simple moving average of $494.85 and a 200-day simple moving average of $492.17.

Watsco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Friday, January 17th. Watsco’s payout ratio is currently 83.46%.

Watsco 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.