Watsco, Inc. (NYSE:WSO) Shares Sold by Bokf Na

Bokf Na trimmed its position in Watsco, Inc. (NYSE:WSO) by 1.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,445 shares of the construction company’s stock after selling 43 shares during the period. Bokf Na’s holdings in Watsco were worth $1,133,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Shaker Investments LLC OH grew its stake in Watsco by 0.3% in the first quarter. Shaker Investments LLC OH now owns 7,564 shares of the construction company’s stock worth $3,267,000 after purchasing an additional 24 shares in the last quarter. Mather Group LLC. boosted its stake in Watsco by 10.2% in the second quarter. Mather Group LLC. now owns 293 shares of the construction company’s stock valued at $127,000 after acquiring an additional 27 shares during the period. EntryPoint Capital LLC boosted its stake in Watsco by 100.0% in the first quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock valued at $25,000 after acquiring an additional 29 shares during the period. Salomon & Ludwin LLC boosted its stake in Watsco by 52.6% in the first quarter. Salomon & Ludwin LLC now owns 87 shares of the construction company’s stock valued at $38,000 after acquiring an additional 30 shares during the period. Finally, Trueblood Wealth Management LLC boosted its stake in Watsco by 0.9% in the first quarter. Trueblood Wealth Management LLC now owns 3,603 shares of the construction company’s stock valued at $1,556,000 after acquiring an additional 32 shares during the period. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WSO. JPMorgan Chase & Co. lifted their target price on Watsco from $420.00 to $425.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their target price on Watsco from $460.00 to $522.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Watsco currently has a consensus rating of “Hold” and an average target price of $433.71.

Watsco Price Performance

Shares of NYSE:WSO opened at $476.71 on Monday. Watsco, Inc. has a 12 month low of $338.58 and a 12 month high of $520.41. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of 36.67 and a beta of 0.88. The stock’s 50 day moving average price is $478.11 and its 200 day moving average price is $458.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.21 and a quick ratio of 1.55.

Watsco (NYSE:WSO) last announced its earnings results on Tuesday, July 30th. The construction company reported $4.49 EPS for the quarter, missing the consensus estimate of $4.70 by ($0.21). Watsco had a return on equity of 18.55% and a net margin of 7.02%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the firm earned $4.42 EPS. Watsco’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Watsco, Inc. will post 13.83 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th were issued a dividend of $2.70 per share. The ex-dividend date was Tuesday, July 16th. This represents a $10.80 annualized dividend and a yield of 2.27%. Watsco’s payout ratio is 83.08%.

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.