526 Shares in Watsco, Inc. (NYSE:WSO) Purchased by Caprock Group LLC

Caprock Group LLC bought a new stake in shares of Watsco, Inc. (NYSE:WSO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 526 shares of the construction company’s stock, valued at approximately $249,000.

A number of other institutional investors have also recently bought and sold shares of the company. J. W. Coons Advisors LLC grew its position in Watsco by 0.7% in the third quarter. J. W. Coons Advisors LLC now owns 2,999 shares of the construction company’s stock worth $1,475,000 after acquiring an additional 20 shares in the last quarter. My Legacy Advisors LLC boosted its holdings in shares of Watsco by 3.2% during the 4th quarter. My Legacy Advisors LLC now owns 687 shares of the construction company’s stock worth $329,000 after buying an additional 21 shares during the period. CWM LLC grew its stake in Watsco by 2.6% in the 3rd quarter. CWM LLC now owns 952 shares of the construction company’s stock valued at $468,000 after buying an additional 24 shares during the last quarter. MCF Advisors LLC raised its holdings in Watsco by 27.8% in the 3rd quarter. MCF Advisors LLC now owns 115 shares of the construction company’s stock worth $57,000 after acquiring an additional 25 shares during the period. Finally, Equitable Trust Co. lifted its position in Watsco by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 1,166 shares of the construction company’s stock worth $574,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Insider Buying and Selling

In related news, EVP Barry S. Logan sold 10,998 shares of Watsco stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total value of $5,589,293.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.86% of the stock is owned by corporate insiders.

Watsco Stock Performance

NYSE:WSO opened at $473.91 on Friday. The firm’s 50-day moving average is $493.23 and its 200-day moving average is $492.04. The company has a market cap of $19.14 billion, a price-to-earnings ratio of 36.62 and a beta of 0.95. Watsco, Inc. has a 52-week low of $373.33 and a 52-week high of $571.41.

Watsco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Friday, January 17th. Watsco’s dividend payout ratio is 83.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Robert W. Baird lowered their price target on Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Raymond James initiated coverage on Watsco in a report on Friday, January 17th. They issued a “market perform” rating on the stock. Finally, Northcoast Research initiated coverage on Watsco in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $488.33.

Watsco 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.