Asset Management One Co. Ltd. Has $6.65 Million Stock Holdings in Watsco, Inc. (NYSE:WSO)

Asset Management One Co. Ltd. grew its holdings in Watsco, Inc. (NYSE:WSO - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,084 shares of the construction company's stock after purchasing an additional 1,225 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Watsco were worth $6,651,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in Watsco by 133.1% in the first quarter. SG Americas Securities LLC now owns 844 shares of the construction company's stock valued at $429,000 after buying an additional 482 shares during the period. Fifth Third Bancorp raised its position in shares of Watsco by 4.8% during the 1st quarter. Fifth Third Bancorp now owns 1,028 shares of the construction company's stock valued at $523,000 after acquiring an additional 47 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Watsco by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 4,077 shares of the construction company's stock valued at $2,072,000 after purchasing an additional 105 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Watsco by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,178 shares of the construction company's stock valued at $558,000 after purchasing an additional 527 shares during the period. Finally, Certior Financial Group LLC bought a new position in shares of Watsco in the 4th quarter worth $442,000. Institutional investors and hedge funds own 89.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WSO shares. Morgan Stanley initiated coverage on Watsco in a report on Monday, April 14th. They issued an "equal weight" rating and a $515.00 price objective for the company. Mizuho set a $490.00 target price on Watsco in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of Watsco from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. UBS Group reduced their price objective on shares of Watsco from $455.00 to $450.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Watsco from $445.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $485.83.

Watsco Price Performance

Shares of Watsco stock traded up $0.06 on Wednesday, hitting $455.65. The company had a trading volume of 149,914 shares, compared to its average volume of 259,335. The firm has a market capitalization of $18.46 billion, a P/E ratio of 34.99 and a beta of 1.04. Watsco, Inc. has a twelve month low of $418.31 and a twelve month high of $571.42. The stock has a 50-day moving average of $452.37 and a 200-day moving average of $478.61.

Watsco (NYSE:WSO - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.36). Watsco had a net margin of 6.98% and a return on equity of 17.13%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the firm posted $2.17 EPS. The company's revenue was down 2.2% on a year-over-year basis. Equities analysts predict that Watsco, Inc. will post 14.62 EPS for the current year.

Watsco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.63%. Watsco's dividend payout ratio (DPR) is presently 92.24%.

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.