Centennial Wealth Advisory LLC Has $358,000 Stock Holdings in Watsco, Inc. (NYSE:WSO)

Centennial Wealth Advisory LLC boosted its holdings in shares of Watsco, Inc. (NYSE:WSO) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 754 shares of the construction company’s stock after purchasing an additional 22 shares during the period. Centennial Wealth Advisory LLC’s holdings in Watsco were worth $358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Watsco by 10.6% during the third quarter. FMR LLC now owns 3,624,159 shares of the construction company’s stock worth $1,782,651,000 after purchasing an additional 346,470 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Watsco by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,252,822 shares of the construction company’s stock valued at $616,357,000 after acquiring an additional 62,041 shares during the last quarter. State Street Corp raised its stake in shares of Watsco by 5.9% in the third quarter. State Street Corp now owns 1,173,762 shares of the construction company’s stock valued at $577,350,000 after acquiring an additional 65,846 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Watsco by 9.9% in the third quarter. Geode Capital Management LLC now owns 704,330 shares of the construction company’s stock valued at $345,783,000 after acquiring an additional 63,254 shares during the last quarter. Finally, Markel Group Inc. raised its stake in shares of Watsco by 2.0% in the third quarter. Markel Group Inc. now owns 582,500 shares of the construction company’s stock valued at $286,520,000 after acquiring an additional 11,250 shares during the last quarter. Institutional investors own 89.71% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Barry S. Logan sold 10,998 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total value of $5,589,293.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WSO. Robert W. Baird lowered their price target on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Raymond James began coverage on shares of Watsco in a report on Friday, January 17th. They issued a “market perform” rating for the company. Finally, Northcoast Research began coverage on shares of Watsco in a report on Friday, November 22nd. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $488.33.

Watsco Stock Performance

WSO opened at $473.37 on Thursday. The company has a fifty day moving average price of $494.85 and a two-hundred day moving average price of $492.17. Watsco, Inc. has a 52 week low of $373.33 and a 52 week high of $571.41. The firm has a market capitalization of $19.11 billion, a PE ratio of 36.58 and a beta of 0.95.

Watsco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Friday, January 17th. Watsco’s dividend payout ratio is presently 83.46%.

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.