Watsco, Inc. (NYSE:WSO) Shares Sold by Amundi

Amundi decreased its stake in shares of Watsco, Inc. (NYSE:WSO) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,035 shares of the construction company’s stock after selling 1,233 shares during the period. Amundi owned approximately 0.06% of Watsco worth $11,681,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WSO. FMR LLC increased its stake in Watsco by 10.6% during the 3rd quarter. FMR LLC now owns 3,624,159 shares of the construction company’s stock valued at $1,782,651,000 after buying an additional 346,470 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Watsco in the 4th quarter worth approximately $63,603,000. Charles Schwab Investment Management Inc. grew its stake in shares of Watsco by 9.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,371,535 shares of the construction company’s stock worth $649,957,000 after purchasing an additional 118,713 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Watsco by 2,128.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 107,463 shares of the construction company’s stock worth $52,880,000 after purchasing an additional 102,640 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Watsco by 5.9% in the 3rd quarter. State Street Corp now owns 1,173,762 shares of the construction company’s stock worth $577,350,000 after purchasing an additional 65,846 shares during the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Price Performance

Watsco stock opened at $508.47 on Friday. The firm’s 50 day simple moving average is $489.58 and its 200-day simple moving average is $494.99. The company has a market cap of $20.54 billion, a P/E ratio of 38.38 and a beta of 0.92. Watsco, Inc. has a fifty-two week low of $393.88 and a fifty-two week high of $571.42.

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

Watsco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, January 17th. Watsco’s dividend payout ratio is currently 81.51%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WSO shares. Raymond James started coverage on shares of Watsco in a research note on Friday, January 17th. They issued a “market perform” rating on the stock. Robert W. Baird lifted their price objective on shares of Watsco from $540.00 to $560.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Northcoast Research started coverage on shares of Watsco in a research note on Friday, November 22nd. They issued a “neutral” rating on the stock. Finally, Loop Capital lifted their price objective on shares of Watsco from $450.00 to $460.00 and gave the stock a “hold” rating in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $486.25.

Insider Buying and Selling

In related news, EVP Barry S. Logan sold 10,998 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total transaction of $5,589,293.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 12.86% of the stock is currently owned by corporate insiders.

Watsco Company Profile

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.