880 Shares in Watsco, Inc. (NYSE:WSO) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new position in Watsco, Inc. (NYSE:WSO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 880 shares of the construction company’s stock, valued at approximately $417,000.

Other institutional investors also recently modified their holdings of the company. My Legacy Advisors LLC raised its holdings in shares of Watsco by 3.2% during the fourth quarter. My Legacy Advisors LLC now owns 687 shares of the construction company’s stock worth $329,000 after acquiring an additional 21 shares in the last quarter. Avidian Wealth Enterprises LLC grew its stake in shares of Watsco by 1.8% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,196 shares of the construction company’s stock valued at $567,000 after buying an additional 21 shares in the last quarter. Centennial Wealth Advisory LLC increased its holdings in Watsco by 3.0% in the fourth quarter. Centennial Wealth Advisory LLC now owns 754 shares of the construction company’s stock worth $358,000 after buying an additional 22 shares during the last quarter. M&T Bank Corp lifted its stake in Watsco by 1.4% in the fourth quarter. M&T Bank Corp now owns 1,686 shares of the construction company’s stock valued at $799,000 after acquiring an additional 23 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Watsco by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,692 shares of the construction company’s stock worth $3,645,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Trading Down 2.2 %

WSO opened at $495.68 on Tuesday. The business has a 50 day moving average of $501.21 and a 200-day moving average of $499.57. The stock has a market capitalization of $20.03 billion, a price-to-earnings ratio of 37.41 and a beta of 1.00. Watsco, Inc. has a 1-year low of $396.82 and a 1-year high of $571.42.

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

Watsco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, April 15th. This is a positive change from Watsco’s previous quarterly dividend of $2.70. Watsco’s dividend payout ratio (DPR) is presently 90.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley started coverage on shares of Watsco in a report on Monday, April 14th. They issued an “equal weight” rating and a $515.00 price objective for the company. Loop Capital raised their price objective on Watsco from $450.00 to $460.00 and gave the company a “hold” rating in a research note on Thursday, February 27th. Robert W. Baird upped their target price on Watsco from $540.00 to $560.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Raymond James started coverage on shares of Watsco in a research note on Friday, January 17th. They issued a “market perform” rating for the company. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Watsco has an average rating of “Hold” and a consensus price target of $492.00.

Watsco 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.