Lindenwold Advisors INC Has $1.16 Million Position in Watsco, Inc. (NYSE:WSO)

Lindenwold Advisors INC cut its stake in Watsco, Inc. (NYSE:WSO) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,437 shares of the construction company’s stock after selling 93 shares during the quarter. Lindenwold Advisors INC’s holdings in Watsco were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WSO. Enhancing Capital LLC acquired a new position in Watsco in the 4th quarter worth about $376,000. Xponance Inc. grew its stake in shares of Watsco by 10.0% in the 4th quarter. Xponance Inc. now owns 5,913 shares of the construction company’s stock valued at $2,802,000 after buying an additional 536 shares in the last quarter. Kensington Investment Counsel LLC increased its holdings in Watsco by 3.9% in the fourth quarter. Kensington Investment Counsel LLC now owns 18,452 shares of the construction company’s stock worth $8,744,000 after buying an additional 696 shares during the last quarter. SlateStone Wealth LLC raised its position in Watsco by 1.8% during the fourth quarter. SlateStone Wealth LLC now owns 2,089 shares of the construction company’s stock valued at $990,000 after acquiring an additional 37 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in Watsco in the fourth quarter valued at approximately $995,000. 89.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on WSO. Raymond James started coverage on shares of Watsco in a research note on Friday, January 17th. They set a “market perform” rating on the stock. Loop Capital increased 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, February 27th. Robert W. Baird boosted their price target on Watsco from $540.00 to $560.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Northcoast Research started coverage on Watsco in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Four equities research 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, Watsco presently has a consensus rating of “Hold” and an average price target of $486.25.

Watsco Price Performance

Shares of WSO opened at $508.71 on Wednesday. The company has a market capitalization of $20.55 billion, a PE ratio of 38.39 and a beta of 0.92. Watsco, Inc. has a one year low of $396.82 and a one year high of $571.42. The company’s fifty day moving average price is $491.26 and its 200 day moving average price is $495.86.

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

Watsco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $2.70 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.12%. Watsco’s dividend payout ratio (DPR) is presently 81.51%.

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.