Watsco, Inc. (NYSE:WSO) Shares Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK lifted its stake in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,909 shares of the construction company's stock after purchasing an additional 621 shares during the period. Capital Advisors Inc. OK owned 0.15% of Watsco worth $30,452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WSO. Manitou Investment Management Ltd. acquired a new position in shares of Watsco during the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Watsco during the 1st quarter worth approximately $25,000. City Holding Co. purchased a new stake in shares of Watsco during the 1st quarter valued at approximately $29,000. Rialto Wealth Management LLC purchased a new stake in shares of Watsco during the 4th quarter valued at approximately $31,000. Finally, Rossby Financial LCC purchased a new stake in shares of Watsco during the 1st quarter valued at approximately $33,000. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Watsco Stock Performance

Shares of NYSE:WSO traded up $3.55 during trading on Tuesday, hitting $461.55. The company's stock had a trading volume of 52,321 shares, compared to its average volume of 259,132. The business has a 50 day moving average price of $452.73 and a two-hundred day moving average price of $477.44. The company has a market capitalization of $18.70 billion, a PE ratio of 35.26 and a beta of 1.04. Watsco, Inc. has a fifty-two week low of $418.31 and a fifty-two week high of $571.42.

Watsco (NYSE:WSO - Get Free Report) last posted its quarterly 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). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.66 billion. Watsco had a return on equity of 17.13% and a net margin of 6.98%. The business's revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.17 EPS. As a group, equities analysts expect that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $12.00 annualized dividend and a dividend yield of 2.60%. Watsco's dividend payout ratio (DPR) is 92.24%.

Analysts Set New Price Targets

Several analysts have recently commented on WSO shares. UBS Group reduced their price target on shares of Watsco from $455.00 to $450.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 25th. Mizuho set a $490.00 price target on shares of Watsco in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of Watsco from $445.00 to $460.00 and gave the company a "neutral" rating in a research report on Tuesday, May 27th. Robert W. Baird dropped their target price on shares of Watsco from $560.00 to $540.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Morgan Stanley set a $505.00 target price on shares of Watsco in a report on Wednesday, July 2nd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Watsco currently has an average rating of "Hold" and an average target price of $484.17.

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.