793 Shares in Watsco, Inc. (NYSE:WSO) Purchased by Enhancing Capital LLC

Enhancing Capital LLC acquired a new position in Watsco, Inc. (NYSE:WSO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 793 shares of the construction company’s stock, valued at approximately $376,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of WSO. Rialto Wealth Management LLC acquired a new stake in Watsco in the 4th quarter valued at about $31,000. Wingate Wealth Advisors Inc. acquired a new stake in Watsco in the 4th quarter valued at about $36,000. Quarry LP lifted its stake in Watsco by 57.9% during the third quarter. Quarry LP now owns 90 shares of the construction company’s stock valued at $44,000 after buying an additional 33 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Watsco during the third quarter valued at about $48,000. Finally, Atala Financial Inc purchased a new stake in Watsco during the fourth quarter valued at about $49,000. 89.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on WSO. Robert W. Baird upped their price objective on shares of Watsco from $540.00 to $560.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Raymond James began coverage on shares of Watsco in a research note on Friday, January 17th. They set a “market perform” rating for the company. Loop Capital upped their price objective on shares of Watsco from $450.00 to $460.00 and gave the company a “hold” rating in a research note on Thursday, February 27th. Finally, Northcoast Research began coverage on shares of Watsco in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Watsco currently has an average rating of “Hold” and a consensus target price of $486.25.

Watsco Price Performance

Shares of WSO opened at $508.71 on Wednesday. The company has a market capitalization of $20.55 billion, a price-to-earnings ratio of 38.39 and a beta of 0.92. Watsco, Inc. has a fifty-two week low of $396.82 and a fifty-two week high of $571.42. The business’s 50-day moving average is $491.26 and its 200-day moving average is $495.86.

Watsco (NYSE:WSO) last issued its earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.24. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.67 billion. Watsco had a return on equity of 17.59% and a net margin of 7.04%. Equities research analysts expect that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $2.70 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.12%. Watsco’s dividend payout ratio is 81.51%.

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.