Freedom Day Solutions LLC decreased its position in Watsco, Inc. (NYSE:WSO – Free Report) by 1.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,492 shares of the construction company’s stock after selling 80 shares during the period. Watsco accounts for 1.1% of Freedom Day Solutions LLC’s holdings, making the stock its 17th biggest position. Freedom Day Solutions LLC’s holdings in Watsco were worth $3,685,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WSO. EntryPoint Capital LLC increased its position in shares of Watsco by 100.0% during the 1st quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock valued at $25,000 after purchasing an additional 29 shares during the last quarter. Quarry LP bought a new stake in Watsco in the second quarter worth about $26,000. ORG Partners LLC bought a new stake in Watsco in the first quarter worth about $31,000. Tortoise Investment Management LLC grew its position in shares of Watsco by 76.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the construction company’s stock valued at $34,000 after acquiring an additional 32 shares during the period. Finally, Salomon & Ludwin LLC increased its stake in shares of Watsco by 52.6% during the 1st quarter. Salomon & Ludwin LLC now owns 87 shares of the construction company’s stock worth $38,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.
Watsco Price Performance
Watsco stock opened at $478.16 on Friday. The stock has a market cap of $19.27 billion, a price-to-earnings ratio of 36.78 and a beta of 0.88. The company has a quick ratio of 1.55, a current ratio of 3.21 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $481.96 and a 200 day simple moving average of $473.32. Watsco, Inc. has a 52 week low of $338.58 and a 52 week high of $520.41.
Watsco Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be paid a $2.70 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a yield of 2.26%. Watsco’s dividend payout ratio is presently 83.08%.
Analyst Ratings Changes
Several research firms recently commented on WSO. Robert W. Baird dropped their price objective on Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. upped their price target on Watsco from $420.00 to $425.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st.
Check Out Our Latest Research Report on Watsco
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.
Featured Stories
- Five stocks we like better than Watsco
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- Are Penny Stocks a Good Fit for Your Portfolio?
- The Downtrend in UPS Stock Isn’t Over Yet
Want to see what other hedge funds are holding WSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watsco, Inc. (NYSE:WSO – Free Report).
Receive News & Ratings for Watsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco and related companies with MarketBeat.com's FREE daily email newsletter.