Sava Infond d.o.o. Purchases Shares of 515 Watsco, Inc. (NYSE:WSO)

Sava Infond d.o.o. acquired a new position in shares of Watsco, Inc. (NYSE:WSO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 515 shares of the construction company’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WSO. Toronto Dominion Bank increased its position in Watsco by 32.2% during the third quarter. Toronto Dominion Bank now owns 4,258 shares of the construction company’s stock worth $2,094,000 after buying an additional 1,038 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Watsco by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 51,590 shares of the construction company’s stock worth $25,645,000 after acquiring an additional 2,738 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Watsco by 2,128.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 107,463 shares of the construction company’s stock valued at $52,880,000 after acquiring an additional 102,640 shares during the period. JPMorgan Chase & Co. lifted its holdings in Watsco by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 464,061 shares of the construction company’s stock valued at $228,263,000 after purchasing an additional 41,845 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Watsco during the 4th quarter valued at $10,446,000. 89.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Watsco Stock Up 0.4 %

Shares of Watsco stock opened at $515.34 on Friday. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 38.89 and a beta of 0.92. Watsco, Inc. has a twelve month low of $396.82 and a twelve month high of $571.42. The company has a 50-day simple moving average of $496.05 and a two-hundred day simple moving average of $497.87.

Watsco (NYSE:WSO) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.24. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.67 billion. Watsco had a net margin of 7.04% and a return on equity of 17.59%. On average, sell-side analysts anticipate that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Friday, January 17th. Watsco’s dividend payout ratio (DPR) is currently 81.51%.

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.