Watsco, Inc. (NYSE:WSO) Shares Purchased by Haverford Trust Co

Haverford Trust Co raised its holdings in Watsco, Inc. (NYSE:WSO) by 12.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 907 shares of the construction company’s stock after acquiring an additional 97 shares during the quarter. Haverford Trust Co’s holdings in Watsco were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quarry LP bought a new stake in Watsco during the second quarter worth approximately $26,000. EntryPoint Capital LLC boosted its stake in shares of Watsco by 100.0% during the 1st quarter. EntryPoint Capital LLC now owns 58 shares of the construction company’s stock worth $25,000 after acquiring an additional 29 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Watsco by 76.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 74 shares of the construction company’s stock worth $34,000 after acquiring an additional 32 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Watsco during the third quarter worth $43,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Watsco by 30.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company’s stock valued at $46,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 89.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Robert W. Baird cut their price target on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th.

Watsco Stock Down 3.3 %

Shares of NYSE:WSO opened at $525.37 on Friday. Watsco, Inc. has a 12-month low of $373.33 and a 12-month high of $545.49. The firm has a market capitalization of $21.21 billion, a P/E ratio of 40.60 and a beta of 0.88. The firm has a fifty day moving average of $491.03 and a two-hundred day moving average of $481.73.

Watsco (NYSE:WSO) last issued its earnings results on Wednesday, October 23rd. The construction company reported $4.22 earnings per share for the quarter, missing the consensus estimate of $4.73 by ($0.51). The firm 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 business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $4.35 earnings per share. Equities research analysts expect that Watsco, Inc. will post 13.2 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Wednesday, October 16th. Watsco’s dividend payout ratio is currently 83.46%.

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.