151 Shares in Watsco, Inc. (NYSE:WSO) Purchased by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC acquired a new stake in shares of Watsco, Inc. (NYSE:WSO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 151 shares of the construction company’s stock, valued at approximately $71,000.

A number of other hedge funds have also recently bought and sold shares of WSO. J. W. Coons Advisors LLC boosted its stake in shares of Watsco by 0.7% during the 3rd quarter. J. W. Coons Advisors LLC now owns 2,999 shares of the construction company’s stock valued at $1,475,000 after buying an additional 20 shares during the last quarter. My Legacy Advisors LLC boosted its stake in Watsco by 3.2% during the 4th quarter. My Legacy Advisors LLC now owns 687 shares of the construction company’s stock valued at $329,000 after acquiring an additional 21 shares during the last quarter. Avidian Wealth Enterprises LLC grew its holdings in Watsco by 1.8% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,196 shares of the construction company’s stock worth $567,000 after acquiring an additional 21 shares in the last quarter. Centennial Wealth Advisory LLC grew its holdings in Watsco by 3.0% during the 4th quarter. Centennial Wealth Advisory LLC now owns 754 shares of the construction company’s stock worth $358,000 after acquiring an additional 22 shares in the last quarter. Finally, Principal Securities Inc. increased its position in shares of Watsco by 6.9% in the 4th quarter. Principal Securities Inc. now owns 373 shares of the construction company’s stock worth $177,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Stock Performance

NYSE WSO opened at $498.12 on Friday. Watsco, Inc. has a one year low of $380.58 and a one year high of $571.41. The company has a 50-day simple moving average of $484.75 and a 200-day simple moving average of $492.16. The firm has a market capitalization of $20.11 billion, a PE ratio of 37.59 and a beta of 0.95.

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

Watsco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $2.70 per share. The ex-dividend date was Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a yield of 2.17%. Watsco’s dividend payout ratio is currently 81.51%.

Insider Buying and Selling

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total value of $5,589,293.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Northcoast Research assumed coverage on shares of Watsco in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Robert W. Baird increased their target price on Watsco from $540.00 to $560.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Raymond James initiated coverage on Watsco in a research report on Friday, January 17th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $495.00.

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.