Eagle Asset Management Inc. grew its holdings in shares of Watsco Inc (NYSE:WSO) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,516 shares of the construction company’s stock after purchasing an additional 764 shares during the period. Eagle Asset Management Inc.’s holdings in Watsco were worth $11,136,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of WSO. SeaCrest Wealth Management LLC acquired a new stake in shares of Watsco during the fourth quarter worth $103,000. Cigna Investments Inc. New acquired a new stake in shares of Watsco during the fourth quarter worth $205,000. CIBC Asset Management Inc acquired a new stake in shares of Watsco during the third quarter worth $206,000. Quantbot Technologies LP acquired a new stake in shares of Watsco during the third quarter worth $207,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Watsco during the third quarter worth $215,000. 81.80% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on WSO shares. Zacks Investment Research lowered shares of Watsco from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Morgan Stanley upped their price target on shares of Watsco from $151.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, October 26th. Susquehanna Bancshares set a $195.00 price target on shares of Watsco and gave the stock a “buy” rating in a research report on Friday, February 9th. Stephens set a $169.00 price target on shares of Watsco and gave the stock a “hold” rating in a research report on Thursday, February 8th. Finally, KeyCorp restated a “buy” rating on shares of Watsco in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $168.88.
Watsco Inc (NYSE WSO) opened at $167.44 on Wednesday. The company has a market cap of $6,010.00, a PE ratio of 19.75 and a beta of 0.87. The company has a current ratio of 3.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.01. Watsco Inc has a 12-month low of $134.08 and a 12-month high of $182.79.
Watsco (NYSE:WSO) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.10). The firm had revenue of $964.35 million for the quarter, compared to the consensus estimate of $965.85 million. Watsco had a return on equity of 14.66% and a net margin of 4.80%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 EPS. research analysts expect that Watsco Inc will post 6.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Tuesday, January 16th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, January 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.99%. Watsco’s dividend payout ratio is presently 58.96%.
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Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.
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