Watsco, Inc. (NYSE:WSO) Shares Bought by Quarry LP

Quarry LP grew its holdings in shares of Watsco, Inc. (NYSE:WSO) by 57.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90 shares of the construction company’s stock after purchasing an additional 33 shares during the period. Quarry LP’s holdings in Watsco were worth $44,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WSO. J. W. Coons Advisors LLC grew its position in shares of Watsco by 0.7% during 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 during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Watsco by 30.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company’s stock worth $46,000 after acquiring an additional 22 shares during the last quarter. CWM LLC grew its position in shares of Watsco by 2.6% during the third quarter. CWM LLC now owns 952 shares of the construction company’s stock worth $468,000 after acquiring an additional 24 shares during the last quarter. MCF Advisors LLC grew its position in shares of Watsco by 27.8% during the third 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 last quarter. Finally, Equitable Trust Co. grew its position in shares of Watsco by 2.2% during the third 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. 89.71% of the stock is owned by institutional investors and hedge funds.

Watsco Stock Down 0.9 %

Shares of WSO opened at $517.45 on Wednesday. The firm has a 50-day moving average price of $511.28 and a 200 day moving average price of $490.39. The firm has a market capitalization of $20.89 billion, a PE ratio of 39.99 and a beta of 0.92. Watsco, Inc. has a 52-week low of $373.33 and a 52-week high of $571.41.

Watsco (NYSE:WSO) last announced its earnings results on Wednesday, October 23rd. The construction company reported $4.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.51). Watsco had a net margin of 6.99% and a return on equity of 17.77%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company earned $4.35 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts expect that Watsco, Inc. will post 13.06 EPS for the current year.

Watsco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were given a dividend of $2.70 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $10.80 annualized dividend and a dividend yield of 2.09%. Watsco’s dividend payout ratio (DPR) is 83.46%.

Wall Street Analyst Weigh In

WSO has been the subject of several recent research reports. Robert W. Baird lowered their price target on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Northcoast Research started coverage on shares of Watsco in a research report on Friday, November 22nd. They issued a “neutral” rating for the company.

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.