Rhumbline Advisers raised its position in Watsco Inc (NYSE:WSO) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,455 shares of the construction company’s stock after acquiring an additional 2,033 shares during the period. Rhumbline Advisers owned approximately 0.27% of Watsco worth $14,673,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Nordea Investment Management AB raised its holdings in Watsco by 79.0% in the 3rd quarter. Nordea Investment Management AB now owns 42,851 shares of the construction company’s stock worth $7,631,000 after acquiring an additional 18,913 shares during the last quarter. Vanguard Group Inc lifted its holdings in Watsco by 1.9% in the third quarter. Vanguard Group Inc now owns 2,867,335 shares of the construction company’s stock worth $510,673,000 after purchasing an additional 54,610 shares during the period. State of Alaska Department of Revenue lifted its holdings in Watsco by 3.4% in the fourth quarter. State of Alaska Department of Revenue now owns 8,111 shares of the construction company’s stock worth $1,127,000 after purchasing an additional 265 shares during the period. First Hawaiian Bank lifted its holdings in Watsco by 16.8% in the fourth quarter. First Hawaiian Bank now owns 885 shares of the construction company’s stock worth $123,000 after purchasing an additional 127 shares during the period. Finally, Sit Investment Associates Inc. lifted its holdings in Watsco by 19.0% in the fourth quarter. Sit Investment Associates Inc. now owns 6,570 shares of the construction company’s stock worth $914,000 after purchasing an additional 1,050 shares during the period. Institutional investors own 80.54% of the company’s stock.
Shares of Watsco stock opened at $156.46 on Thursday. The company has a current ratio of 3.17, a quick ratio of 1.27 and a debt-to-equity ratio of 0.09. Watsco Inc has a 52 week low of $131.88 and a 52 week high of $191.86. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.83 and a beta of 0.98.
Watsco (NYSE:WSO) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. Watsco had a net margin of 5.05% and a return on equity of 14.23%. The firm had revenue of $931.30 million for the quarter, compared to analysts’ expectations of $942.05 million. During the same period in the previous year, the business earned $0.89 earnings per share. Watsco’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts predict that Watsco Inc will post 6.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Friday, April 12th. Watsco’s dividend payout ratio (DPR) is presently 98.61%.
Separately, Zacks Investment Research raised shares of Watsco from a “sell” rating to a “hold” rating in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $171.50.
Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.
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