Cwm LLC Has $413,000 Position in Watsco, Inc. (NYSE:WSO)

Cwm LLC lifted its position in shares of Watsco, Inc. (NYSE:WSO) by 38.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 957 shares of the construction company’s stock after buying an additional 265 shares during the period. Cwm LLC’s holdings in Watsco were worth $413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Watsco by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 3,265,589 shares of the construction company’s stock worth $1,399,207,000 after buying an additional 55,119 shares during the period. Wellington Management Group LLP boosted its position in Watsco by 2.6% during the third quarter. Wellington Management Group LLP now owns 648,662 shares of the construction company’s stock valued at $245,013,000 after purchasing an additional 16,589 shares during the last quarter. Markel Group Inc. boosted its position in Watsco by 2.0% during the fourth quarter. Markel Group Inc. now owns 556,750 shares of the construction company’s stock valued at $238,551,000 after purchasing an additional 11,000 shares during the last quarter. Baird Financial Group Inc. boosted its position in Watsco by 4.8% during the fourth quarter. Baird Financial Group Inc. now owns 340,023 shares of the construction company’s stock valued at $145,690,000 after purchasing an additional 15,552 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Watsco by 2.0% during the fourth quarter. First Trust Advisors LP now owns 310,787 shares of the construction company’s stock valued at $133,163,000 after purchasing an additional 5,949 shares during the last quarter. 89.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Watsco

In other news, Director John Alexander Macdonald sold 5,334 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $466.41, for a total transaction of $2,487,830.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Watsco news, Director John Alexander Macdonald sold 5,334 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $466.41, for a total transaction of $2,487,830.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Barry S. Logan sold 774 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $473.85, for a total value of $366,759.90. Following the transaction, the executive vice president now owns 1,770 shares in the company, valued at approximately $838,714.50. The disclosure for this sale can be found here. 12.86% of the stock is owned by corporate insiders.

Watsco Price Performance

NYSE:WSO opened at $471.74 on Friday. The company has a quick ratio of 1.31, a current ratio of 2.92 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $462.52 and its two-hundred day moving average price is $427.26. The firm has a market capitalization of $19.01 billion, a price-to-earnings ratio of 36.29 and a beta of 0.88. Watsco, Inc. has a 12-month low of $337.58 and a 12-month high of $493.65.

Watsco (NYSE:WSO) last released 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). The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.59 billion. Watsco had a net margin of 7.03% and a return on equity of 19.26%. Watsco’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.83 EPS. On average, analysts anticipate that Watsco, Inc. will post 14.26 earnings per share for the current year.

Watsco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were paid a dividend of $2.70 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.29%. This is a positive change from Watsco’s previous quarterly dividend of $2.45. Watsco’s dividend payout ratio (DPR) is 83.08%.

Analysts Set New Price Targets

Several brokerages recently commented on WSO. Stephens reissued an “overweight” rating and set a $500.00 price target on shares of Watsco in a research report on Thursday, April 25th. Robert W. Baird increased their price target on Watsco from $420.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Watsco currently has an average rating of “Hold” and a consensus target price of $404.25.

Watsco Profile

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.