Watsco Inc (WSO) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in Watsco Inc (NYSE:WSO) by 1,198.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,077 shares of the construction company’s stock after acquiring an additional 3,763 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Watsco were worth $726,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund bought a new stake in Watsco during the 2nd quarter valued at $2,222,000. BlackRock Inc. increased its stake in Watsco by 2.7% during the 2nd quarter. BlackRock Inc. now owns 3,727,767 shares of the construction company’s stock valued at $664,588,000 after purchasing an additional 99,687 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in Watsco during the 2nd quarter valued at $9,371,000. W.E. Donoghue & Co. LLC increased its stake in Watsco by 113.1% during the 3rd quarter. W.E. Donoghue & Co. LLC now owns 5,485 shares of the construction company’s stock valued at $977,000 after purchasing an additional 2,911 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Watsco by 75.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,916 shares of the construction company’s stock valued at $1,589,000 after purchasing an additional 3,846 shares in the last quarter. Institutional investors own 80.68% of the company’s stock.

WSO opened at $153.00 on Thursday. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.90 and a beta of 0.93. Watsco Inc has a 1 year low of $138.61 and a 1 year high of $192.94.



Watsco (NYSE:WSO) last posted its quarterly earnings data on Thursday, October 25th. The construction company reported $2.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.26 by ($0.15). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Watsco had a return on equity of 14.00% and a net margin of 5.15%. During the same period in the prior year, the firm earned $1.82 earnings per share. As a group, sell-side analysts anticipate that Watsco Inc will post 6.46 earnings per share for the current fiscal year.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Watsco from a “hold” rating to a “sell” rating in a research note on Monday, November 26th. Buckingham Research assumed coverage on shares of Watsco in a research note on Tuesday, October 9th. They set a “neutral” rating and a $187.00 price target for the company. Jefferies Financial Group assumed coverage on shares of Watsco in a research note on Friday, October 12th. They set a “hold” rating and a $160.00 price target for the company. ValuEngine lowered shares of Watsco from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. lowered shares of Watsco from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $166.00 to $176.00 in a research note on Friday, September 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $182.38.

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Watsco Company Profile

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

Read More: Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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