Alpha DNA Investment Management LLC Buys 225 Shares of Watsco, Inc. (NYSE:WSO)

Alpha DNA Investment Management LLC raised its stake in Watsco, Inc. (NYSE:WSO) by 33.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 892 shares of the construction company’s stock after buying an additional 225 shares during the period. Alpha DNA Investment Management LLC’s holdings in Watsco were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of WSO. J. W. Coons Advisors LLC boosted 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 period. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Watsco by 30.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company’s stock worth $46,000 after acquiring an additional 22 shares during the period. CWM LLC grew its position in shares of Watsco by 2.6% in the third quarter. CWM LLC now owns 952 shares of the construction company’s stock valued at $468,000 after purchasing an additional 24 shares during the last quarter. MCF Advisors LLC increased its stake in shares of Watsco by 27.8% during the third quarter. MCF Advisors LLC now owns 115 shares of the construction company’s stock worth $57,000 after purchasing an additional 25 shares during the period. Finally, Equitable Trust Co. lifted its holdings in Watsco by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 1,166 shares of the construction company’s stock worth $574,000 after purchasing an additional 25 shares during the last quarter. 89.71% of the stock is owned by institutional investors.

Watsco Trading Up 1.6 %

WSO opened at $554.79 on Monday. The company has a market cap of $22.40 billion, a P/E ratio of 42.87 and a beta of 0.88. The company’s 50 day moving average is $499.99 and its 200-day moving average is $485.27. Watsco, Inc. has a 1-year low of $373.33 and a 1-year high of $555.42.

Watsco (NYSE:WSO) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 earnings per share for the quarter, missing the consensus estimate of $4.73 by ($0.51). Watsco had a net margin of 6.99% and a return on equity of 17.77%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the business earned $4.35 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that Watsco, Inc. will post 13.06 EPS for the current year.

Watsco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a $2.70 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a yield of 1.95%. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

Analyst Ratings Changes

Several research analysts have weighed in on WSO shares. Robert W. Baird lowered their price objective on Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Northcoast Research started coverage on shares of Watsco in a research report on Friday. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Watsco from $420.00 to $425.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $491.25.

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.