Watsco, Inc. (NYSE:WSO) Shares Bought by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC lifted its stake in shares of Watsco, Inc. (NYSE:WSO) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,999 shares of the construction company’s stock after purchasing an additional 20 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Watsco were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. EntryPoint Capital LLC grew its stake in Watsco by 100.0% during the 1st quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock worth $25,000 after buying an additional 29 shares during the last quarter. Quarry LP bought a new position in shares of Watsco during the second quarter worth about $26,000. Tortoise Investment Management LLC grew its position in shares of Watsco by 76.2% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the construction company’s stock worth $34,000 after acquiring an additional 32 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Watsco in the 3rd quarter worth about $43,000. Finally, Massmutual Trust Co. FSB ADV lifted 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 purchasing an additional 22 shares during the last quarter. Institutional investors own 89.71% of the company’s stock.

Analyst Upgrades and Downgrades

WSO has been the topic of several analyst reports. 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 note on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st.

Watsco Stock Down 1.0 %

NYSE:WSO opened at $520.74 on Monday. The business’s 50-day moving average price is $492.47 and its 200 day moving average price is $482.70. Watsco, Inc. has a 52-week low of $373.33 and a 52-week high of $545.49. The firm has a market cap of $21.03 billion, a P/E ratio of 40.24 and a beta of 0.88.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.73 by ($0.51). Watsco had a return on equity of 17.77% and a net margin of 6.99%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm earned $4.35 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts expect that Watsco, Inc. will post 13.06 EPS for the current year.

Watsco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a dividend of $2.70 per share. The ex-dividend date was Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.07%. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

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.