FDx Advisors Inc. raised its stake in Watsco, Inc. (NYSE:WSO) by 66.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,991 shares of the construction company’s stock after acquiring an additional 1,595 shares during the quarter. FDx Advisors Inc.’s holdings in Watsco were worth $643,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. San Francisco Sentry Investment Group CA acquired a new position in Watsco in the second quarter valued at approximately $125,000. Public Employees Retirement Association of Colorado lifted its holdings in Watsco by 15.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 952 shares of the construction company’s stock valued at $147,000 after acquiring an additional 129 shares during the period. Creative Planning lifted its holdings in Watsco by 6.1% in the second quarter. Creative Planning now owns 1,039 shares of the construction company’s stock valued at $160,000 after acquiring an additional 60 shares during the period. First Citizens Bank & Trust Co. acquired a new position in Watsco in the second quarter valued at approximately $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Watsco by 14.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,340 shares of the construction company’s stock valued at $207,000 after acquiring an additional 166 shares during the period. 81.10% of the stock is owned by institutional investors.
Shares of Watsco, Inc. (NYSE WSO) opened at $164.87 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.13 and a quick ratio of 1.42. Watsco, Inc. has a 12-month low of $134.08 and a 12-month high of $167.94. The stock has a market capitalization of $5,900.00, a PE ratio of 30.58 and a beta of 0.83.
Watsco (NYSE:WSO) last issued its earnings results on Wednesday, October 25th. The construction company reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.13). Watsco had a return on equity of 15.00% and a net margin of 4.46%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business posted $1.78 EPS. Watsco’s revenue was down .9% on a year-over-year basis. equities research analysts expect that Watsco, Inc. will post 5.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, October 13th. Watsco’s dividend payout ratio (DPR) is presently 91.74%.
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A number of brokerages have issued reports on WSO. Zacks Investment Research raised Watsco from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a report on Tuesday, August 1st. KeyCorp reissued a “buy” rating on shares of Watsco in a report on Friday. Morgan Stanley boosted their price target on Watsco from $141.00 to $151.00 and gave the company an “underweight” rating in a report on Monday, September 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $154.00 target price on shares of Watsco in a research note on Thursday, September 7th. Finally, BidaskClub downgraded Watsco from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $160.40.
Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.
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