Sei Investments Co. Trims Position in Watsco, Inc. (NYSE:WSO)

Sei Investments Co. decreased its holdings in Watsco, Inc. (NYSE:WSO) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,596 shares of the construction company’s stock after selling 5,696 shares during the quarter. Sei Investments Co.’s holdings in Watsco were worth $22,082,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in Watsco in the 4th quarter worth $31,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Watsco during the 4th quarter valued at about $36,000. Quarry LP increased its position in shares of Watsco by 57.9% during the third quarter. Quarry LP now owns 90 shares of the construction company’s stock valued at $44,000 after buying an additional 33 shares during the period. Brooklyn Investment Group bought a new position in Watsco in the third quarter worth about $48,000. Finally, Atala Financial Inc purchased a new stake in Watsco in the fourth quarter worth about $49,000. Institutional investors own 89.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on WSO shares. Loop Capital increased their target price on Watsco from $450.00 to $460.00 and gave the stock a “hold” rating in a research report on Thursday, February 27th. Robert W. Baird increased their price objective on Watsco from $540.00 to $560.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Raymond James assumed coverage on shares of Watsco in a report on Friday, January 17th. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Watsco presently has a consensus rating of “Hold” and a consensus price target of $486.25.

Watsco Trading Down 0.9 %

Watsco stock opened at $513.40 on Thursday. Watsco, Inc. has a 12 month low of $396.82 and a 12 month high of $571.42. The company has a market capitalization of $20.74 billion, a price-to-earnings ratio of 38.75 and a beta of 0.92. The business’s fifty day simple moving average is $495.56 and its two-hundred day simple moving average is $497.75.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.24. The company 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, equities research analysts predict that Watsco, Inc. will post 14.62 EPS for the current year.

Watsco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors 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 2.10%. The ex-dividend date was Friday, January 17th. Watsco’s dividend payout ratio (DPR) is currently 81.51%.

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.