Mutual Advisors LLC Acquires 114 Shares of Watsco, Inc. (NYSE:WSO)

Mutual Advisors LLC increased its holdings in shares of Watsco, Inc. (NYSE:WSO) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 855 shares of the construction company’s stock after acquiring an additional 114 shares during the period. Mutual Advisors LLC’s holdings in Watsco were worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WSO. FMR LLC boosted its holdings in Watsco by 10.6% in the third quarter. FMR LLC now owns 3,624,159 shares of the construction company’s stock worth $1,782,651,000 after acquiring an additional 346,470 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Watsco by 48,984.7% in the 3rd quarter. International Assets Investment Management LLC now owns 233,643 shares of the construction company’s stock worth $114,924,000 after purchasing an additional 233,167 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Watsco by 2,128.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 107,463 shares of the construction company’s stock worth $52,880,000 after purchasing an additional 102,640 shares in the last quarter. State Street Corp grew its position in Watsco by 5.9% during the 3rd quarter. State Street Corp now owns 1,173,762 shares of the construction company’s stock valued at $577,350,000 after purchasing an additional 65,846 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Watsco by 9.9% during the 3rd quarter. Geode Capital Management LLC now owns 704,330 shares of the construction company’s stock valued at $345,783,000 after purchasing an additional 63,254 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Watsco Trading Down 1.2 %

Shares of WSO stock opened at $489.15 on Tuesday. The stock has a market capitalization of $19.75 billion, a P/E ratio of 37.80 and a beta of 0.95. The firm’s 50 day moving average is $504.55 and its 200 day moving average is $493.16. Watsco, Inc. has a 12-month low of $373.33 and a 12-month high of $571.41.

Watsco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, January 17th. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Watsco

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale 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 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.