Capital Advisors Inc. OK Purchases 637 Shares of Watsco, Inc. $WSO

Key Points

• Capital Advisors Inc. OK increased its stake in Watsco, Inc. by 1.1% in the second quarter, now holding a total of 60,546 shares valued at approximately $26.7 million.
• Watsco is set to pay a quarterly dividend of $3.00 on October 31st, representing an annualized yield of 2.9% with a payout ratio of 92.02%.
• Despite a revenue decline of 3.6% year-over-year, Watsco reported $4.52 EPS for the last quarter, missing analysts' consensus estimate of $4.84.

Capital Advisors Inc. OK boosted its position in Watsco, Inc. (NYSE:WSO - Free Report) by 1.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,546 shares of the construction company's stock after purchasing an additional 637 shares during the quarter. Capital Advisors Inc. OK owned approximately 0.15% of Watsco worth $26,738,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of Watsco during the first quarter valued at about $25,000. Manitou Investment Management Ltd. acquired a new position in shares of Watsco during the first quarter valued at about $25,000. WPG Advisers LLC acquired a new position in shares of Watsco during the first quarter valued at about $25,000. TCTC Holdings LLC increased its holdings in shares of Watsco by 115.4% during the first quarter. TCTC Holdings LLC now owns 56 shares of the construction company's stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Finally, City Holding Co. acquired a new position in shares of Watsco during the first quarter valued at about $29,000. Institutional investors and hedge funds own 89.71% of the company's stock.

Watsco Stock Up 1.1%

Shares of NYSE WSO opened at $415.70 on Monday. The business's 50 day moving average price is $410.44 and its 200 day moving average price is $448.50. The firm has a market cap of $16.86 billion, a P/E ratio of 31.88 and a beta of 0.94. Watsco, Inc. has a 52 week low of $378.35 and a 52 week high of $571.41.

Watsco (NYSE:WSO - Get Free Report) last issued its earnings results on Wednesday, July 30th. The construction company reported $4.52 EPS for the quarter, missing analysts' consensus estimates of $4.84 by ($0.32). The firm had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.24 billion. Watsco had a net margin of 7.08% and a return on equity of 16.96%. Watsco's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.49 EPS. As a group, research analysts expect that Watsco, Inc. will post 14.62 earnings per share for the current year.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, October 16th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, October 16th. Watsco's dividend payout ratio is currently 92.02%.

Wall Street Analyst Weigh In

WSO has been the topic of several recent analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of Watsco in a report on Saturday, September 27th. Morgan Stanley set a $505.00 price objective on shares of Watsco in a report on Wednesday, July 2nd. Finally, UBS Group cut their price objective on shares of Watsco from $450.00 to $425.00 and set a "neutral" rating on the stock in a report on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $480.00.

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.

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