Capital Advisors Inc. OK Lowers Stock Holdings in Watsco, Inc. (NYSE:WSO)

Capital Advisors Inc. OK lessened its position in shares of Watsco, Inc. (NYSE:WSO) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,288 shares of the construction company’s stock after selling 188 shares during the period. Capital Advisors Inc. OK’s holdings in Watsco were worth $28,096,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. purchased a new stake in Watsco during the fourth quarter valued at about $36,000. Ashton Thomas Securities LLC acquired a new stake in Watsco during the third quarter valued at approximately $43,000. Quarry LP raised its stake in 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 in the last quarter. Brooklyn Investment Group acquired a new stake in Watsco during the third quarter valued at approximately $48,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Watsco during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Insider Transactions at Watsco

In related news, EVP Barry S. Logan sold 10,998 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total transaction of $5,589,293.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 12.86% of the company’s stock.

Watsco Price Performance

Watsco stock opened at $471.99 on Wednesday. The firm has a 50-day moving average of $488.57 and a 200-day moving average of $491.37. Watsco, Inc. has a one year low of $373.33 and a one year high of $571.41. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 36.48 and a beta of 0.95.

Watsco Dividend Announcement

The firm 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. The ex-dividend date was Friday, January 17th. This represents a $10.80 annualized dividend and a dividend yield of 2.29%. Watsco’s dividend payout ratio is presently 83.46%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WSO. Northcoast Research began coverage on Watsco in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Raymond James initiated coverage on Watsco in a research note on Friday, January 17th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird lowered their price target 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Watsco has an average rating of “Hold” and a consensus target price of $488.33.

About Watsco

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.