Tredje AP fonden Sells 44 Shares of Watsco, Inc. (NYSE:WSO)

Tredje AP fonden lessened its stake in shares of Watsco, Inc. (NYSE:WSO) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,728 shares of the construction company’s stock after selling 44 shares during the period. Tredje AP fonden’s holdings in Watsco were worth $1,264,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. First PREMIER Bank bought a new position in shares of Watsco in the first quarter valued at $25,000. EntryPoint Capital LLC raised its holdings in shares of Watsco by 100.0% in the 1st quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock valued at $25,000 after purchasing an additional 29 shares during the period. ORG Partners LLC acquired a new stake in Watsco in the 1st quarter valued at about $31,000. Tortoise Investment Management LLC grew its holdings in 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 period. Finally, Salomon & Ludwin LLC increased its position in 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 buying an additional 30 shares during the last quarter. 89.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WSO has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their price objective on shares of Watsco from $460.00 to $522.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $447.67.

Watsco Stock Down 2.1 %

WSO opened at $489.61 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.55 and a current ratio of 3.21. The stock has a fifty day moving average of $478.75 and a 200-day moving average of $460.46. Watsco, Inc. has a fifty-two week low of $338.58 and a fifty-two week high of $520.41. The company has a market capitalization of $19.75 billion, a P/E ratio of 37.66 and a beta of 0.88.

Watsco (NYSE:WSO) last posted its quarterly earnings data 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 net margin of 7.02% and a return on equity of 18.55%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the firm earned $4.42 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts expect that Watsco, Inc. will post 13.83 EPS for the current year.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th were issued a $2.70 dividend. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $10.80 annualized dividend and a yield of 2.21%. Watsco’s dividend payout ratio is presently 83.08%.

Watsco Company 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.