Savant Capital LLC Sells 76 Shares of Watsco, Inc. (NYSE:WSO)

Savant Capital LLC lessened its holdings in shares of Watsco, Inc. (NYSE:WSO) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 583 shares of the construction company’s stock after selling 76 shares during the quarter. Savant Capital LLC’s holdings in Watsco were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. bought a new position in shares of Watsco during the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. bought a new position in shares of Watsco during the fourth quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in shares of Watsco during the fourth quarter valued at approximately $30,000. BKM Wealth Management LLC bought a new position in shares of Watsco during the fourth quarter valued at approximately $32,000. Finally, Hartford Financial Management Inc. raised its holdings in Watsco by 53.1% in the fourth quarter. Hartford Financial Management Inc. now owns 75 shares of the construction company’s stock worth $32,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 89.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WSO shares. Robert W. Baird increased their price objective on Watsco from $420.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Stephens reiterated an “overweight” rating and issued a $500.00 price objective on shares of Watsco in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Watsco presently has a consensus rating of “Hold” and an average target price of $404.25.

Watsco Trading Up 1.7 %

NYSE WSO opened at $472.58 on Tuesday. Watsco, Inc. has a 12 month low of $315.17 and a 12 month high of $474.73. The stock has a market cap of $18.67 billion, a P/E ratio of 36.35 and a beta of 0.86. The stock’s fifty day moving average price is $421.34 and its 200-day moving average price is $403.06. The company has a current ratio of 2.92, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01.

Watsco (NYSE:WSO) last released its earnings results on Wednesday, April 24th. The construction company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.09). Watsco had a return on equity of 19.26% and a net margin of 7.03%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the company posted $2.83 earnings per share. The company’s revenue was up .9% on a year-over-year basis. As a group, equities analysts forecast that Watsco, Inc. will post 14.26 EPS for the current fiscal year.

Watsco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were paid a $2.70 dividend. This is a boost from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Friday, April 12th. Watsco’s dividend payout ratio is currently 83.08%.

About Watsco

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.