Lindbrook Capital LLC Purchases 28 Shares of Watsco, Inc. (NYSE:WSO)

Lindbrook Capital LLC boosted its position in Watsco, Inc. (NYSE:WSO) by 53.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80 shares of the construction company’s stock after purchasing an additional 28 shares during the period. Lindbrook Capital LLC’s holdings in Watsco were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Watsco during the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. bought a new stake in shares of Watsco during the fourth quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in shares of Watsco during the fourth quarter valued at approximately $30,000. BKM Wealth Management LLC bought a new stake in shares of Watsco during the fourth quarter valued at approximately $32,000. Finally, Hartford Financial Management Inc. raised its stake in shares of Watsco by 53.1% during the fourth quarter. Hartford Financial Management Inc. now owns 75 shares of the construction company’s stock valued at $32,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 89.71% of the company’s stock.

Watsco Stock Performance

Shares of WSO stock opened at $443.21 on Friday. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of 34.09 and a beta of 0.90. The company’s 50 day moving average is $412.36 and its 200 day moving average is $399.76. The company has a quick ratio of 1.47, a current ratio of 2.92 and a debt-to-equity ratio of 0.01. Watsco, Inc. has a 52-week low of $315.17 and a 52-week high of $451.29.

Watsco (NYSE:WSO) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.09). Watsco had a net margin of 7.03% and a return on equity of 19.26%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the business earned $2.83 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Watsco, Inc. will post 14.19 EPS for the current fiscal year.

Watsco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $2.70 dividend. This is a positive change from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, April 12th. Watsco’s payout ratio is currently 83.08%.

Analysts Set New Price Targets

Several analysts have recently weighed in on WSO shares. Stephens reaffirmed an “overweight” rating and set a $500.00 price target on shares of Watsco in a research note on Thursday. Robert W. Baird lifted their price objective on shares of Watsco from $420.00 to $460.00 and gave the company an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Watsco currently has a consensus rating of “Hold” and an average target price of $404.25.

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.