Fenimore Asset Management Inc. Has $9.96 Million Stock Holdings in Watsco Inc (NYSE:WSO)

Fenimore Asset Management Inc. grew its stake in Watsco Inc (NYSE:WSO) by 8.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 60,887 shares of the construction company’s stock after buying an additional 4,745 shares during the quarter. Fenimore Asset Management Inc. owned 0.16% of Watsco worth $9,957,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wendell David Associates Inc. lifted its stake in Watsco by 1.2% during the second quarter. Wendell David Associates Inc. now owns 23,925 shares of the construction company’s stock worth $3,912,000 after purchasing an additional 290 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Watsco by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 12,977 shares of the construction company’s stock valued at $2,122,000 after buying an additional 184 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in Watsco in the second quarter valued at approximately $242,000. Unigestion Holding SA lifted its stake in Watsco by 8.6% in the second quarter. Unigestion Holding SA now owns 27,453 shares of the construction company’s stock valued at $4,489,000 after buying an additional 2,165 shares during the last quarter. Finally, Caledonia Investments PLC increased its holdings in shares of Watsco by 11.8% in the second quarter. Caledonia Investments PLC now owns 175,478 shares of the construction company’s stock valued at $28,703,000 after purchasing an additional 18,500 shares during the period. Institutional investors and hedge funds own 78.11% of the company’s stock.

Shares of NYSE:WSO opened at $157.45 on Friday. The firm has a market capitalization of $6.00 billion, a PE ratio of 24.26, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.92 and a quick ratio of 1.27. The business has a 50-day moving average of $160.92 and a two-hundred day moving average of $153.77. Watsco Inc has a 12 month low of $131.88 and a 12 month high of $184.90.

Watsco (NYSE:WSO) last posted its earnings results on Thursday, July 18th. The construction company reported $2.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.14). Watsco had a net margin of 5.17% and a return on equity of 14.63%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business posted $2.40 EPS. Watsco’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, research analysts anticipate that Watsco Inc will post 6.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $6.40 dividend on an annualized basis and a yield of 4.06%. Watsco’s dividend payout ratio (DPR) is presently 98.61%.

Separately, Zacks Investment Research downgraded Watsco from a “hold” rating to a “sell” rating and set a $167.00 target price on the stock. in a research report on Saturday, August 3rd. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $162.80.

Watsco 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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