Grace & White Inc. NY Has $18.58 Million Stake in Watsco, Inc. (NYSE:WSO)

Grace & White Inc. NY trimmed its holdings in Watsco, Inc. (NYSE:WSO) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,200 shares of the construction company’s stock after selling 750 shares during the quarter. Watsco makes up about 3.5% of Grace & White Inc. NY’s portfolio, making the stock its 6th biggest position. Grace & White Inc. NY’s holdings in Watsco were worth $18,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its holdings in Watsco by 10.6% during the 3rd quarter. FMR LLC now owns 3,624,159 shares of the construction company’s stock worth $1,782,651,000 after purchasing an additional 346,470 shares during the period. International Assets Investment Management LLC raised its holdings in Watsco by 48,984.7% in the third quarter. International Assets Investment Management LLC now owns 233,643 shares of the construction company’s stock worth $114,924,000 after purchasing an additional 233,167 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Watsco by 2,128.1% during the third quarter. Benjamin Edwards Inc. now owns 107,463 shares of the construction company’s stock valued at $52,880,000 after buying an additional 102,640 shares during the last quarter. State Street Corp lifted its position in shares of Watsco by 5.9% during the third quarter. State Street Corp now owns 1,173,762 shares of the construction company’s stock valued at $577,350,000 after buying an additional 65,846 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Watsco by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 704,330 shares of the construction company’s stock valued at $345,783,000 after buying an additional 63,254 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors.

Insider Activity

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of Watsco stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.86% of the company’s stock.

Wall Street Analyst Weigh In

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

Watsco Stock Down 0.2 %

WSO stock opened at $470.84 on Thursday. The stock has a market capitalization of $19.01 billion, a PE ratio of 36.39 and a beta of 0.95. Watsco, Inc. has a 52 week low of $373.33 and a 52 week high of $571.41. The firm has a 50 day moving average of $487.24 and a 200 day moving average of $491.22.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a dividend of $2.70 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $10.80 annualized dividend and a dividend yield of 2.29%. 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.