Watsco, Inc. $WSO Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in shares of Watsco, Inc. (NYSE:WSO) by 0.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 390,480 shares of the construction company’s stock after buying an additional 1,376 shares during the quarter. Captrust Financial Advisors owned approximately 0.96% of Watsco worth $157,871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SJS Investment Consulting Inc. increased its stake in shares of Watsco by 2,366.7% during the third quarter. SJS Investment Consulting Inc. now owns 74 shares of the construction company’s stock worth $30,000 after buying an additional 71 shares during the period. TD Waterhouse Canada Inc. lifted its stake in Watsco by 242.9% in the second quarter. TD Waterhouse Canada Inc. now owns 72 shares of the construction company’s stock worth $33,000 after acquiring an additional 51 shares during the last quarter. TruNorth Capital Management LLC acquired a new position in Watsco during the 3rd quarter worth approximately $37,000. Capital A Wealth Management LLC increased its position in shares of Watsco by 4,700.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 96 shares of the construction company’s stock valued at $41,000 after purchasing an additional 94 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Watsco in the 3rd quarter valued at approximately $49,000. 89.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on WSO. KeyCorp reaffirmed a “sector weight” rating on shares of Watsco in a research report on Friday, December 12th. Wolfe Research set a $349.00 price target on Watsco in a research note on Tuesday, December 9th. JPMorgan Chase & Co. lifted their price target on Watsco from $370.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Zacks Research raised Watsco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Mizuho set a $425.00 price objective on Watsco in a report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $409.00.

Watsco Trading Up 1.9%

Shares of Watsco stock opened at $381.66 on Wednesday. The company has a fifty day simple moving average of $394.63 and a 200-day simple moving average of $375.87. The stock has a market cap of $15.48 billion, a price-to-earnings ratio of 31.52 and a beta of 1.03. Watsco, Inc. has a 12-month low of $323.05 and a 12-month high of $521.70.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.26). Watsco had a net margin of 6.87% and a return on equity of 15.49%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the firm earned $2.37 earnings per share. Watsco’s revenue was down 9.9% on a year-over-year basis. On average, analysts forecast that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, January 16th. Watsco’s payout ratio is presently 99.09%.

About Watsco

Watsco, Inc is the largest distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment, parts and supplies in the United States. Headquartered in Miami, Florida, the company operates a network of more than 600 branches across the continental U.S., Canada and Puerto Rico. Watsco serves residential and commercial contractors by providing essential components for climate control systems, including air conditioners, furnaces, heat pumps, coils, refrigerants, controls and electrical and piping supplies.

Founded in 1947, Watsco has grown from a single regional distributor into an industry leader through a combination of organic expansion, acquisitions and strategic partnerships with original equipment manufacturers such as Carrier, Trane, Goodman and Lennox.