1,473 Shares in Watsco, Inc. (NYSE:WSO) Bought by Impact Capital Partners LLC

Impact Capital Partners LLC acquired a new position in shares of Watsco, Inc. (NYSE:WSO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,473 shares of the construction company’s stock, valued at approximately $698,000.

A number of other large investors also recently bought and sold shares of WSO. J. W. Coons Advisors LLC increased its holdings 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 worth $1,475,000 after buying an additional 20 shares during the last quarter. My Legacy Advisors LLC boosted its position in Watsco by 3.2% during the 4th quarter. My Legacy Advisors LLC now owns 687 shares of the construction company’s stock worth $329,000 after purchasing an additional 21 shares during the period. Avidian Wealth Enterprises LLC boosted its position 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 purchasing an additional 21 shares during the period. Centennial Wealth Advisory LLC boosted its position 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 purchasing an additional 22 shares during the period. Finally, M&T Bank Corp boosted its position in Watsco by 1.4% during the 4th quarter. M&T Bank Corp now owns 1,686 shares of the construction company’s stock worth $799,000 after purchasing an additional 23 shares during the period. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Insider Buying and Selling at Watsco

In related news, EVP Barry S. Logan sold 10,998 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total transaction of $5,589,293.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. 12.86% of the stock is owned by company insiders.

Watsco Trading Down 0.1 %

Shares of NYSE:WSO opened at $504.82 on Thursday. The firm’s 50 day moving average is $488.48 and its two-hundred day moving average is $494.83. Watsco, Inc. has a 52 week low of $393.88 and a 52 week high of $571.41. The firm has a market capitalization of $20.39 billion, a P/E ratio of 38.10 and a beta of 0.92.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.37 EPS for the quarter, beating 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. Analysts predict that Watsco, Inc. will post 14.62 EPS for the current year.

Watsco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $2.70 dividend. The ex-dividend date was Friday, January 17th. This represents a $10.80 annualized dividend and a dividend yield of 2.14%. Watsco’s payout ratio is currently 81.51%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WSO shares. Northcoast Research started coverage on shares of Watsco in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Raymond James assumed coverage on shares of Watsco in a research report on Friday, January 17th. They set a “market perform” rating on the stock. Loop Capital increased their price objective on shares of Watsco from $450.00 to $460.00 and gave the stock a “hold” rating in a research note on Thursday, February 27th. Finally, Robert W. Baird increased their price objective on shares of Watsco from $540.00 to $560.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Watsco currently has an average rating of “Hold” and an average price target of $486.25.

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.