Cwm LLC Has $468,000 Holdings in Watsco, Inc. (NYSE:WSO)

Cwm LLC raised its position in Watsco, Inc. (NYSE:WSO) by 2.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 952 shares of the construction company’s stock after purchasing an additional 24 shares during the period. Cwm LLC’s holdings in Watsco were worth $468,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its holdings in Watsco by 30.6% in the third quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company’s stock valued at $46,000 after buying an additional 22 shares during the period. Mather Group LLC. lifted its stake in shares of Watsco by 10.2% in the 2nd quarter. Mather Group LLC. now owns 293 shares of the construction company’s stock valued at $127,000 after purchasing an additional 27 shares during the period. EntryPoint Capital LLC boosted its position in shares of Watsco by 100.0% during 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 in the last quarter. Salomon & Ludwin LLC grew its stake 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 purchasing an additional 30 shares during the period. Finally, InterOcean Capital Group LLC increased its holdings in Watsco by 5.9% in the first quarter. InterOcean Capital Group LLC now owns 570 shares of the construction company’s stock worth $246,000 after purchasing an additional 32 shares in the last quarter. 89.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

WSO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Robert W. Baird increased their target price on shares of Watsco from $522.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday.

Watsco Trading Down 0.4 %

NYSE WSO opened at $502.73 on Friday. Watsco, Inc. has a 52 week low of $338.58 and a 52 week high of $520.41. The business has a 50 day moving average price of $481.44 and a 200-day moving average price of $472.34. The company has a quick ratio of 1.55, a current ratio of 3.21 and a debt-to-equity ratio of 0.01. The company has a market cap of $20.26 billion, a price-to-earnings ratio of 38.67 and a beta of 0.88.

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

Watsco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a dividend of $2.70 per share. The ex-dividend date is Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a yield of 2.15%. Watsco’s dividend payout ratio (DPR) is currently 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.