Asset Management One Co. Ltd. Purchases 137 Shares of Watsco, Inc. (NYSE:WSO)

Asset Management One Co. Ltd. lifted its position in shares of Watsco, Inc. (NYSE:WSO) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,168 shares of the construction company’s stock after purchasing an additional 137 shares during the period. Asset Management One Co. Ltd.’s holdings in Watsco were worth $5,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV grew its position in shares of Watsco by 30.6% in the 3rd 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 last quarter. CWM LLC grew its holdings in Watsco by 2.6% during the 3rd quarter. CWM LLC now owns 952 shares of the construction company’s stock worth $468,000 after acquiring an additional 24 shares during the period. MCF Advisors LLC lifted its stake in shares of Watsco by 27.8% in the 3rd quarter. MCF Advisors LLC now owns 115 shares of the construction company’s stock valued at $57,000 after purchasing an additional 25 shares during the period. Mather Group LLC. boosted its position in shares of Watsco by 10.2% during 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 in the last quarter. Finally, EntryPoint Capital LLC grew its stake in Watsco by 100.0% during the first quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock worth $25,000 after purchasing an additional 29 shares during the period. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Watsco Trading Up 0.7 %

Shares of WSO stock opened at $528.50 on Friday. Watsco, Inc. has a 12 month low of $368.77 and a 12 month high of $533.53. The firm has a market capitalization of $21.34 billion, a PE ratio of 40.84 and a beta of 0.88. The firm has a fifty day simple moving average of $484.96 and a two-hundred day simple moving average of $478.97.

Watsco (NYSE:WSO) last posted its earnings results on Wednesday, October 23rd. The construction company reported $4.22 earnings per share for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.51). The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.24 billion. Watsco had a return on equity of 17.77% and a net margin of 6.99%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.35 EPS. On average, equities analysts predict that Watsco, Inc. will post 13.2 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 2.04%. Watsco’s payout ratio is 83.46%.

Analyst Ratings Changes

Several analysts have recently weighed in on WSO shares. Robert W. Baird lowered their price objective on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of Watsco from $420.00 to $425.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st.

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.