Watsco, Inc. (NYSE:WSO) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in shares of Watsco, Inc. (NYSE:WSOGet Rating) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 72,403 shares of the construction company’s stock after selling 1,584 shares during the period. California Public Employees Retirement System’s holdings in Watsco were worth $22,653,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. increased its position in Watsco by 3.3% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 66,612 shares of the construction company’s stock worth $17,627,000 after purchasing an additional 2,121 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Watsco during the 4th quarter worth approximately $2,259,000. Illinois Municipal Retirement Fund increased its position in Watsco by 26.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 6,805 shares of the construction company’s stock worth $2,129,000 after purchasing an additional 1,429 shares during the period. SG Americas Securities LLC increased its position in Watsco by 27.7% during the 4th quarter. SG Americas Securities LLC now owns 12,657 shares of the construction company’s stock worth $3,960,000 after purchasing an additional 2,744 shares during the period. Finally, Crawford Investment Counsel Inc. increased its position in Watsco by 2.4% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 2,641 shares of the construction company’s stock worth $699,000 after purchasing an additional 61 shares during the period. Institutional investors own 78.13% of the company’s stock.

In other news, Director Brian E. Keeley sold 11,000 shares of the firm’s stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $299.68, for a total transaction of $3,296,480.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 13.31% of the company’s stock.

Watsco stock opened at $258.13 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.11 and a current ratio of 2.77. The stock has a fifty day moving average of $287.07 and a two-hundred day moving average of $289.98. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 21.07 and a beta of 0.88. Watsco, Inc. has a fifty-two week low of $245.26 and a fifty-two week high of $318.98.

Watsco (NYSE:WSOGet Rating) last released its quarterly earnings results on Thursday, April 21st. The construction company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $1.82 by $1.08. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.39 billion. Watsco had a return on equity of 23.76% and a net margin of 7.16%. Watsco’s revenue was up 34.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 earnings per share. On average, analysts forecast that Watsco, Inc. will post 13.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, April 14th were given a dividend of $2.20 per share. This is an increase from Watsco’s previous quarterly dividend of $1.95. The ex-dividend date was Wednesday, April 13th. This represents a $8.80 annualized dividend and a yield of 3.41%. Watsco’s dividend payout ratio (DPR) is presently 71.84%.

A number of research firms recently weighed in on WSO. StockNews.com cut Watsco from a “buy” rating to a “hold” rating in a report on Saturday, April 30th. Zacks Investment Research cut Watsco from a “hold” rating to a “sell” rating and set a $313.00 price target on the stock. in a report on Monday, January 17th. KeyCorp upgraded Watsco from a “sector weight” rating to an “overweight” rating and set a $320.00 price target on the stock in a report on Monday, February 14th. Morgan Stanley lowered their price target on Watsco from $288.00 to $277.00 and set an “equal weight” rating on the stock in a report on Friday, April 22nd. Finally, Robert W. Baird upped their price target on Watsco from $300.00 to $350.00 in a report on Friday, April 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $316.29.

Watsco Company Profile (Get Rating)

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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