Richardson Financial Services Inc. Has $88,000 Stock Holdings in Watsco, Inc. (NYSE:WSO)

Richardson Financial Services Inc. lowered its holdings in shares of Watsco, Inc. (NYSE:WSO) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185 shares of the construction company’s stock after selling 40 shares during the period. Richardson Financial Services Inc.’s holdings in Watsco were worth $88,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WSO. Quarry LP bought a new position in Watsco in the second quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in shares of Watsco in the 3rd quarter worth $43,000. Massmutual Trust Co. FSB ADV grew its position in Watsco by 30.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company’s stock valued at $46,000 after purchasing an additional 22 shares during the period. Brooklyn Investment Group acquired a new stake in Watsco in the 3rd quarter valued at $48,000. Finally, MCF Advisors LLC increased its stake in Watsco by 27.8% during the 3rd quarter. MCF Advisors LLC now owns 115 shares of the construction company’s stock valued at $57,000 after purchasing an additional 25 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors.

Insider Activity at Watsco

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.86% of the stock is owned by company insiders.

Watsco Trading Down 1.1 %

Shares of WSO opened at $478.91 on Monday. Watsco, Inc. has a 12 month low of $373.33 and a 12 month high of $571.41. The company has a market capitalization of $19.34 billion, a price-to-earnings ratio of 37.01 and a beta of 0.95. The stock has a 50 day moving average of $499.81 and a 200 day moving average of $492.57.

Watsco Announces Dividend

The business also recently declared 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 of this dividend was Friday, January 17th. This represents a $10.80 annualized dividend and a yield of 2.26%. Watsco’s payout ratio is currently 83.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WSO shares. Robert W. Baird decreased their target price on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Northcoast Research started coverage on Watsco in a report on Friday, November 22nd. They set a “neutral” rating for the company. Finally, Raymond James initiated coverage on Watsco in a research note on Friday, January 17th. They issued a “market perform” rating for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $488.33.

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.