Buck Wealth Strategies LLC Raises Holdings in Watsco, Inc. (NYSE:WSO)

Buck Wealth Strategies LLC lifted its stake in shares of Watsco, Inc. (NYSE:WSO) by 29.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,450 shares of the construction company’s stock after buying an additional 3,973 shares during the quarter. Buck Wealth Strategies LLC’s holdings in Watsco were worth $8,269,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Watsco during the 3rd quarter worth about $282,000. GAMMA Investing LLC boosted its holdings in Watsco by 37.2% in the third quarter. GAMMA Investing LLC now owns 491 shares of the construction company’s stock valued at $242,000 after purchasing an additional 133 shares in the last quarter. Atomi Financial Group Inc. increased its stake in Watsco by 105.7% in the third quarter. Atomi Financial Group Inc. now owns 973 shares of the construction company’s stock valued at $479,000 after purchasing an additional 500 shares during the last quarter. CWM LLC raised its holdings in Watsco by 2.6% during the third quarter. CWM LLC now owns 952 shares of the construction company’s stock worth $468,000 after purchasing an additional 24 shares in the last quarter. Finally, LVW Advisors LLC lifted its position in shares of Watsco by 12.5% during the 3rd quarter. LVW Advisors LLC now owns 1,926 shares of the construction company’s stock worth $947,000 after buying an additional 214 shares during the last quarter. 89.71% of the stock is currently owned by hedge funds and other institutional investors.

Watsco Stock Performance

Shares of Watsco stock opened at $473.37 on Thursday. The company has a market capitalization of $19.11 billion, a P/E ratio of 36.58 and a beta of 0.95. Watsco, Inc. has a 1 year low of $373.33 and a 1 year high of $571.41. The company’s fifty day moving average is $494.85 and its two-hundred day moving average is $492.17.

Watsco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a $2.70 dividend. This represents a $10.80 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, January 17th. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

Insider Buying and Selling at Watsco

In other news, EVP Barry S. Logan sold 10,998 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Northcoast Research started coverage on shares of Watsco in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Robert W. Baird dropped their price objective on Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Raymond James initiated coverage on Watsco in a report on Friday, January 17th. They issued a “market perform” rating for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $488.33.

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.