Watsco, Inc. (NYSE:WSO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in Watsco, Inc. (NYSE:WSO) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,398 shares of the construction company’s stock after selling 402 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Watsco were worth $8,719,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its stake in shares of Watsco by 15.1% during the fourth quarter. QRG Capital Management Inc. now owns 1,318 shares of the construction company’s stock valued at $625,000 after acquiring an additional 173 shares during the last quarter. Versor Investments LP lifted its holdings in Watsco by 10.0% in the 4th quarter. Versor Investments LP now owns 2,200 shares of the construction company’s stock valued at $1,043,000 after purchasing an additional 200 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Watsco during the 4th quarter worth about $63,603,000. Oppenheimer & Co. Inc. grew its holdings in shares of Watsco by 9.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 9,311 shares of the construction company’s stock worth $4,412,000 after buying an additional 813 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Watsco by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 20,774 shares of the construction company’s stock valued at $9,845,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Stock Up 0.8 %

Shares of NYSE WSO opened at $503.80 on Friday. The stock has a market capitalization of $20.34 billion, a PE ratio of 38.02 and a beta of 0.95. The firm has a fifty day moving average of $485.23 and a 200-day moving average of $493.42. Watsco, Inc. has a 52-week low of $388.47 and a 52-week high of $571.41.

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

Watsco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, January 17th. Watsco’s dividend payout ratio (DPR) is presently 81.51%.

Insider Activity at Watsco

In other news, EVP Barry S. Logan sold 10,998 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total value of $5,589,293.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Loop Capital raised their target price on shares of Watsco from $450.00 to $460.00 and gave the stock a “hold” rating in a research report on Thursday. Northcoast Research initiated coverage on Watsco in a report on Friday, November 22nd. They set a “neutral” rating on the stock. Robert W. Baird upped their target price on Watsco from $540.00 to $560.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Raymond James began coverage on Watsco in a research note on Friday, January 17th. They issued a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $486.25.

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.