Mutual of America Capital Management LLC Sells 310 Shares of Watsco, Inc. (NYSE:WSO)

Mutual of America Capital Management LLC lessened its holdings in shares of Watsco, Inc. (NYSE:WSO) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 18,326 shares of the construction company’s stock after selling 310 shares during the period. Mutual of America Capital Management LLC’s holdings in Watsco were worth $8,489,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. First PREMIER Bank bought a new stake in shares of Watsco during the first quarter worth $25,000. EntryPoint Capital LLC grew its holdings in shares of Watsco by 100.0% during the first quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock worth $25,000 after purchasing an additional 29 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Watsco during the first quarter worth $31,000. Tortoise Investment Management LLC grew its holdings in shares of Watsco by 76.2% during the second quarter. Tortoise Investment Management LLC now owns 74 shares of the construction company’s stock worth $34,000 after purchasing an additional 32 shares during the last quarter. Finally, Salomon & Ludwin LLC grew its holdings in shares of Watsco by 52.6% during the first quarter. Salomon & Ludwin LLC now owns 87 shares of the construction company’s stock worth $38,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 89.71% of the company’s stock.

Watsco Price Performance

Shares of WSO opened at $486.54 on Thursday. The company has a current ratio of 3.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.01. Watsco, Inc. has a 1 year low of $338.58 and a 1 year high of $520.41. The stock has a market cap of $19.63 billion, a P/E ratio of 37.43 and a beta of 0.88. The stock’s 50-day moving average price is $478.52 and its two-hundred day moving average price is $459.99.

Watsco (NYSE:WSO) last issued its earnings results on Tuesday, July 30th. The construction company reported $4.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.70 by ($0.21). Watsco had a return on equity of 18.55% and a net margin of 7.02%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the business posted $4.42 EPS. Watsco’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts predict that Watsco, Inc. will post 13.83 earnings per share for the current year.

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th were issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Tuesday, July 16th. Watsco’s dividend payout ratio (DPR) is currently 83.08%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Watsco from $420.00 to $425.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Robert W. Baird raised their price target on Watsco from $460.00 to $522.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Watsco currently has an average rating of “Hold” and a consensus target price of $447.67.

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.