Fmr LLC Has $120.29 Million Stock Holdings in Watsco Inc (NYSE:WSO)

FMR LLC grew its stake in shares of Watsco Inc (NYSE:WSO) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 839,948 shares of the construction company’s stock after purchasing an additional 12,136 shares during the quarter. FMR LLC owned approximately 2.23% of Watsco worth $120,289,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of WSO. Keybank National Association OH lifted its position in shares of Watsco by 3.6% during the 1st quarter. Keybank National Association OH now owns 1,950 shares of the construction company’s stock valued at $279,000 after acquiring an additional 67 shares during the last quarter. Tompkins Financial Corp grew its position in shares of Watsco by 63.3% in the first quarter. Tompkins Financial Corp now owns 178 shares of the construction company’s stock valued at $32,000 after purchasing an additional 69 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Watsco by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,600 shares of the construction company’s stock valued at $1,232,000 after buying an additional 100 shares during the period. State Treasurer State of Michigan lifted its stake in Watsco by 0.9% during the first quarter. State Treasurer State of Michigan now owns 11,500 shares of the construction company’s stock worth $1,647,000 after purchasing an additional 100 shares during the period. Finally, Webster Bank N. A. lifted its stake in Watsco by 6.1% during the first quarter. Webster Bank N. A. now owns 1,997 shares of the construction company’s stock worth $286,000 after purchasing an additional 114 shares during the period. 78.66% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised shares of Inflarx from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Watsco has an average rating of “Hold” and an average price target of $168.80.

NYSE:WSO traded down $2.25 during trading hours on Thursday, reaching $157.32. The company had a trading volume of 468,509 shares, compared to its average volume of 278,859. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 1.90 and a beta of 0.91. The company has a current ratio of 3.17, a quick ratio of 1.27 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $162.89. Watsco Inc has a twelve month low of $131.88 and a twelve month high of $187.46.

Watsco (NYSE:WSO) last released its quarterly earnings results on Thursday, July 18th. The construction company reported $2.40 EPS for the quarter, missing the Zacks’ consensus estimate of $2.54 by ($0.14). The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Watsco had a return on equity of 14.23% and a net margin of 5.05%. Watsco’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.40 EPS. As a group, equities analysts predict that Watsco Inc will post 6.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Monday, July 15th. Watsco’s dividend payout ratio (DPR) is presently 98.61%.

Watsco Company Profile

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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