MJP Associates Inc. ADV Has $286,000 Stock Position in Watsco, Inc. (NYSE:WSO)

MJP Associates Inc. ADV reduced its stake in Watsco, Inc. (NYSE:WSO) by 5.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 668 shares of the construction company’s stock after selling 39 shares during the period. MJP Associates Inc. ADV’s holdings in Watsco were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of WSO. Wellington Management Group LLP raised its stake in Watsco by 2.6% during the third quarter. Wellington Management Group LLP now owns 648,662 shares of the construction company’s stock worth $245,013,000 after acquiring an additional 16,589 shares in the last quarter. Hamlin Capital Management LLC increased its stake in shares of Watsco by 5.7% during the 4th quarter. Hamlin Capital Management LLC now owns 295,833 shares of the construction company’s stock worth $126,756,000 after purchasing an additional 16,006 shares during the last quarter. Portside Wealth Group LLC raised its holdings in shares of Watsco by 1.9% in the 3rd quarter. Portside Wealth Group LLC now owns 3,342 shares of the construction company’s stock worth $1,265,000 after purchasing an additional 63 shares during the period. Nordea Investment Management AB grew its holdings in Watsco by 1.9% during the third quarter. Nordea Investment Management AB now owns 120,564 shares of the construction company’s stock valued at $46,137,000 after purchasing an additional 2,295 shares during the period. Finally, Raleigh Capital Management Inc. increased its position in Watsco by 35.0% in the third quarter. Raleigh Capital Management Inc. now owns 108 shares of the construction company’s stock worth $41,000 after buying an additional 28 shares during the last quarter. 89.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WSO. Deutsche Bank Aktiengesellschaft upgraded Watsco from a “hold” rating to a “buy” rating and increased their price target for the stock from $387.00 to $500.00 in a research note on Friday, December 8th. Stephens lifted their target price on shares of Watsco from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Monday, December 11th. Finally, Robert W. Baird upped their price target on shares of Watsco from $400.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Watsco presently has a consensus rating of “Hold” and a consensus price target of $396.00.

Watsco Price Performance

NYSE WSO traded down $2.31 on Thursday, hitting $431.97. The stock had a trading volume of 224,765 shares, compared to its average volume of 352,516. The firm has a 50-day moving average of $399.48 and a 200-day moving average of $390.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.47 and a current ratio of 3.36. Watsco, Inc. has a 52-week low of $298.79 and a 52-week high of $441.29. The company has a market capitalization of $17.06 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 3.30 and a beta of 0.89.

Watsco (NYSE:WSO) last announced its earnings results on Tuesday, February 13th. The construction company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.44). Watsco had a net margin of 7.36% and a return on equity of 21.36%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the business earned $2.35 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts expect that Watsco, Inc. will post 14.26 EPS for the current year.

Watsco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a dividend of $2.45 per share. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $9.80 dividend on an annualized basis and a yield of 2.27%. Watsco’s payout ratio is 71.74%.

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.