Roundview Capital LLC Has $1.03 Million Stock Holdings in Watsco, Inc. $WSO

Key Points

• Roundview Capital LLC increased its holdings in Watsco, Inc. by 61.3%, owning 2,334 shares valued at $1.03 million at the end of the last reporting period.
• Watsco's recent earnings report showed an EPS of $4.52, falling short of estimates, while the company posted quarterly revenue of $2.06 billion, down 3.6% year-over-year.
• The company declared a quarterly dividend of $3.00, reflecting a 3.0% yield, with a payout ratio of 92.02% and the payment set for October 31st.

Roundview Capital LLC grew its position in Watsco, Inc. (NYSE:WSO - Free Report) by 61.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,334 shares of the construction company's stock after purchasing an additional 887 shares during the period. Roundview Capital LLC's holdings in Watsco were worth $1,031,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WSO. Goldman Sachs Group Inc. raised its holdings in Watsco by 62.8% in the first quarter. Goldman Sachs Group Inc. now owns 468,875 shares of the construction company's stock worth $238,329,000 after purchasing an additional 180,951 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Watsco in the first quarter worth $54,536,000. Charles Schwab Investment Management Inc. raised its holdings in Watsco by 6.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,454,512 shares of the construction company's stock worth $739,088,000 after purchasing an additional 82,977 shares during the period. Nuveen LLC acquired a new stake in Watsco in the first quarter worth $41,218,000. Finally, Blair William & Co. IL raised its holdings in Watsco by 5.7% in the first quarter. Blair William & Co. IL now owns 814,712 shares of the construction company's stock worth $414,118,000 after purchasing an additional 43,776 shares during the period. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WSO has been the topic of several analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Watsco in a report on Saturday, September 27th. UBS Group dropped 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. Finally, Morgan Stanley set a $505.00 price objective on shares of Watsco in a report on Wednesday, July 2nd. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $480.00.

Watsco Stock Down 3.2%

Shares of NYSE:WSO opened at $397.07 on Wednesday. Watsco, Inc. has a 12 month low of $378.35 and a 12 month high of $571.41. The company's fifty day simple moving average is $407.68 and its 200 day simple moving average is $447.56. The firm has a market cap of $16.10 billion, a price-to-earnings ratio of 30.45 and a beta of 0.94.

Watsco (NYSE:WSO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The construction company reported $4.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.32). Watsco had a net margin of 7.08% and a return on equity of 16.96%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm posted $4.49 earnings per share. The firm's quarterly revenue was down 3.6% on a year-over-year basis. Research 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 Friday, October 31st. Shareholders of record on Thursday, October 16th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, October 16th. Watsco's payout ratio is presently 92.02%.

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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