Sanctuary Advisors LLC Increases Stock Position in Watsco, Inc. (NYSE:WSO)

Sanctuary Advisors LLC boosted its holdings in Watsco, Inc. (NYSE:WSO) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,088 shares of the construction company’s stock after buying an additional 107 shares during the period. Sanctuary Advisors LLC’s holdings in Watsco were worth $3,978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WSO. Citizens Financial Group Inc. RI raised its stake in Watsco by 40.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,217 shares of the construction company’s stock valued at $1,582,000 after purchasing an additional 929 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Watsco by 3,571.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,138 shares of the construction company’s stock valued at $560,000 after buying an additional 1,107 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Watsco by 32.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,258 shares of the construction company’s stock worth $2,094,000 after acquiring an additional 1,038 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Watsco by 1.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 64,758 shares of the construction company’s stock worth $31,853,000 after acquiring an additional 1,074 shares in the last quarter. Finally, Markel Group Inc. increased its stake in Watsco by 0.9% in the second quarter. Markel Group Inc. now owns 571,250 shares of the construction company’s stock valued at $264,626,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 89.71% of the company’s stock.

Analyst Ratings Changes

WSO has been the topic of several recent research reports. Northcoast Research started coverage on Watsco in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Robert W. Baird decreased their price target 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.

Watsco Price Performance

NYSE WSO opened at $509.26 on Tuesday. Watsco, Inc. has a 1 year low of $373.33 and a 1 year high of $571.41. The stock has a market capitalization of $20.56 billion, a PE ratio of 39.36 and a beta of 0.92. The business’s 50-day moving average is $513.29 and its 200 day moving average is $491.28.

Watsco (NYSE:WSO) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 earnings per share for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.51). The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.24 billion. Watsco had a return on equity of 17.77% and a net margin of 6.99%. Watsco’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.35 earnings per share. As a group, equities research analysts anticipate that Watsco, Inc. will post 13.06 earnings per share for the current year.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were issued a $2.70 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $10.80 annualized dividend and a yield of 2.12%. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

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.