Watsco, Inc. (NYSE:WSO) is Crown Oak Advisors LLC’s 5th Largest Position

Crown Oak Advisors LLC boosted its stake in Watsco, Inc. (NYSE:WSO) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,121 shares of the construction company’s stock after purchasing an additional 4,101 shares during the quarter. Watsco comprises approximately 5.9% of Crown Oak Advisors LLC’s holdings, making the stock its 5th largest holding. Crown Oak Advisors LLC owned 0.06% of Watsco worth $11,430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of WSO. Quarry LP purchased a new stake in Watsco during the second quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Watsco in the 3rd quarter worth about $43,000. Massmutual Trust Co. FSB ADV raised its position in shares of Watsco by 30.6% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company’s stock valued at $46,000 after buying an additional 22 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Watsco in the 3rd quarter valued at about $48,000. Finally, MCF Advisors LLC grew its position in Watsco by 27.8% in the third quarter. MCF Advisors LLC now owns 115 shares of the construction company’s stock worth $57,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Watsco Price Performance

Shares of NYSE:WSO opened at $497.97 on Friday. The firm has a market capitalization of $20.11 billion, a PE ratio of 38.48 and a beta of 0.95. The business has a 50 day simple moving average of $505.82 and a two-hundred day simple moving average of $492.91. Watsco, Inc. has a 1 year low of $373.33 and a 1 year high of $571.41.

Watsco (NYSE:WSO) last released its earnings results 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 business had revenue of $2.16 billion for 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%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.35 earnings per share. Equities research analysts expect that Watsco, Inc. will post 13.03 EPS for the current fiscal year.

Watsco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $2.70 per share. The ex-dividend date is Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a yield of 2.17%. Watsco’s payout ratio is 83.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Robert W. Baird decreased their price objective on Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Raymond James started coverage on Watsco in a report on Friday, January 17th. They set a “market perform” rating on the stock. Finally, Northcoast Research initiated coverage on shares of Watsco in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $488.33.

Insider Buying and Selling at Watsco

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.86% of the stock is owned by corporate insiders.

Watsco 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.