Watsco, Inc. (NYSE:WSO) Shares Purchased by Fulcrum Capital LLC

Fulcrum Capital LLC grew its holdings in Watsco, Inc. (NYSE:WSO) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 671 shares of the construction company’s stock after purchasing an additional 52 shares during the quarter. Fulcrum Capital LLC’s holdings in Watsco were worth $318,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC purchased a new position in Watsco in the second quarter valued at $372,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Watsco during the second quarter worth approximately $61,000. Choreo LLC acquired a new position in Watsco during the 2nd quarter worth approximately $310,000. Daiwa Securities Group Inc. grew its stake in shares of Watsco by 9.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,400 shares of the construction company’s stock worth $1,112,000 after purchasing an additional 200 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Watsco by 3.9% in the second quarter. American Century Companies Inc. now owns 13,733 shares of the construction company’s stock valued at $6,362,000 after buying an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WSO shares. Robert W. Baird reduced their price objective on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Northcoast Research initiated coverage on shares of Watsco in a research report on Friday, November 22nd. They set a “neutral” rating on the stock.

Watsco Price Performance

WSO traded up $12.67 on Monday, reaching $476.53. The company’s stock had a trading volume of 88,022 shares, compared to its average volume of 245,935. The stock has a market cap of $19.24 billion, a price-to-earnings ratio of 36.83 and a beta of 0.95. The business’s 50 day moving average is $510.69 and its 200 day moving average is $491.94. Watsco, Inc. has a 1 year low of $373.33 and a 1 year high of $571.41.

Watsco (NYSE:WSO) last announced 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). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.24 billion. Watsco had a net margin of 6.99% and a return on equity of 17.77%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.35 earnings per share. As a group, research analysts forecast that Watsco, Inc. will post 13.06 earnings per share for the current fiscal year.

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $2.70 dividend. The ex-dividend date is Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a yield of 2.27%. Watsco’s payout ratio is currently 83.46%.

Insider Buying and Selling at Watsco

In other news, EVP Barry S. Logan sold 10,998 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total value of $5,589,293.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 12.86% of the stock is owned by company insiders.

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.