Wilkinson Global Asset Management LLC Has $42.95 Million Position in Watsco, Inc. (NYSE:WSO)

Wilkinson Global Asset Management LLC trimmed its stake in shares of Watsco, Inc. (NYSE:WSO) by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 87,326 shares of the construction company’s stock after selling 1,249 shares during the quarter. Watsco comprises about 2.6% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 18th biggest holding. Wilkinson Global Asset Management LLC owned approximately 0.22% of Watsco worth $42,954,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its position in Watsco by 30.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company’s stock valued at $46,000 after buying an additional 22 shares in the last quarter. CWM LLC increased its position in shares of Watsco by 2.6% during the third quarter. CWM LLC now owns 952 shares of the construction company’s stock worth $468,000 after acquiring an additional 24 shares in the last quarter. MCF Advisors LLC lifted its position in Watsco by 27.8% in the 3rd quarter. MCF Advisors LLC now owns 115 shares of the construction company’s stock valued at $57,000 after acquiring an additional 25 shares in the last quarter. Mather Group LLC. boosted its stake in Watsco by 10.2% during the 2nd quarter. Mather Group LLC. now owns 293 shares of the construction company’s stock valued at $127,000 after purchasing an additional 27 shares during the last quarter. Finally, EntryPoint Capital LLC grew its holdings in Watsco by 100.0% during the first quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock worth $25,000 after buying an additional 29 shares in the last quarter. 89.71% of the stock is owned by institutional investors and hedge funds.

Watsco Price Performance

Shares of NYSE WSO opened at $516.34 on Thursday. The business’s fifty day moving average price is $482.73 and its 200-day moving average price is $477.79. Watsco, Inc. has a one year low of $362.26 and a one year high of $520.41. The stock has a market capitalization of $20.83 billion, a PE ratio of 39.90 and a beta of 0.88.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $4.22 EPS for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.51). Watsco had a net margin of 6.99% and a return on equity of 17.77%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company posted $4.35 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts expect that Watsco, Inc. will post 13.28 EPS for the current fiscal year.

Watsco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Wednesday, October 16th. Watsco’s payout ratio is presently 83.46%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st.

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.