Entropy Technologies LP Has $1.44 Million Stock Holdings in Watsco, Inc. $WSO

Entropy Technologies LP lowered its position in shares of Watsco, Inc. (NYSE:WSO) by 62.6% in the first quarter, Holdings Channel reports. The firm owned 3,947 shares of the construction company’s stock after selling 6,605 shares during the period. Entropy Technologies LP’s holdings in Watsco were worth $1,436,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Torren Management LLC bought a new position in Watsco during the fourth quarter worth about $26,000. Bayban acquired a new position in Watsco during the 4th quarter worth approximately $29,000. Bamco Inc. NY bought a new position in Watsco in the fourth quarter valued at $35,000. Laurel Wealth Advisors LLC bought a new position in shares of Watsco in the 4th quarter valued at about $37,000. Finally, Quarry LP acquired a new position in shares of Watsco during the 4th quarter worth approximately $37,000. Institutional investors own 89.71% of the company’s stock.

Wall Street Analyst Weigh In

WSO has been the topic of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Watsco from $370.00 to $405.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. DA Davidson assumed coverage on Watsco in a report on Tuesday, June 16th. They set a “neutral” rating and a $385.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Watsco in a research report on Friday, June 26th. Stephens upped their price objective on Watsco from $475.00 to $485.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen raised Watsco from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $402.71.

Watsco Stock Performance

WSO opened at $363.85 on Tuesday. Watsco, Inc. has a fifty-two week low of $323.05 and a fifty-two week high of $491.55. The stock has a fifty day moving average of $383.81 and a 200-day moving average of $393.54. The company has a market capitalization of $14.79 billion, a P/E ratio of 30.19 and a beta of 1.02.

Watsco (NYSE:WSO) last posted its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.49 billion. Watsco had a net margin of 6.85% and a return on equity of 15.31%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 EPS. On average, equities research analysts predict that Watsco, Inc. will post 12.9 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 16th will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $13.20 annualized dividend and a yield of 3.6%. Watsco’s dividend payout ratio is currently 109.54%.

Watsco Company Profile

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.