Vanguard Personalized Indexing Management LLC Has $1.62 Million Stock Position in Watsco, Inc. (NYSE:WSO)

Vanguard Personalized Indexing Management LLC lifted its position in Watsco, Inc. (NYSE:WSO) by 22.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,499 shares of the construction company’s stock after acquiring an additional 648 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Watsco were worth $1,621,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Shaker Investments LLC OH grew its position in Watsco by 0.3% during the 1st 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. grew its holdings in shares of Watsco by 10.2% during the second quarter. Mather Group LLC. now owns 293 shares of the construction company’s stock valued at $127,000 after buying an additional 27 shares in the last quarter. EntryPoint Capital LLC raised its position in Watsco by 100.0% during the first quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock valued at $25,000 after buying an additional 29 shares during the period. Salomon & Ludwin LLC lifted its stake in Watsco by 52.6% in the 1st quarter. Salomon & Ludwin LLC now owns 87 shares of the construction company’s stock worth $38,000 after acquiring an additional 30 shares in the last quarter. Finally, Trueblood Wealth Management LLC boosted its position in Watsco by 0.9% during the 1st quarter. Trueblood Wealth Management LLC now owns 3,603 shares of the construction company’s stock worth $1,556,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 89.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WSO. JPMorgan Chase & Co. increased their price target on shares of Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their target price 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 given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Watsco has an average rating of “Hold” and an average price target of $447.67.

Watsco Trading Down 2.1 %

Shares of NYSE WSO opened at $489.61 on Friday. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of 37.66 and a beta of 0.88. The business has a 50 day simple moving average of $478.69 and a 200 day simple moving average of $461.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.55 and a current ratio of 3.21. Watsco, Inc. has a 52 week low of $338.58 and a 52 week high of $520.41.

Watsco (NYSE:WSO) last announced its quarterly 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 business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the company earned $4.42 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts predict that Watsco, Inc. will post 13.83 earnings per share for the current fiscal year.

Watsco Dividend Announcement

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