Watsco, Inc. (NYSE:WSO) Shares Purchased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH boosted its holdings in Watsco, Inc. (NYSE:WSO - Free Report) by 215.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,193 shares of the construction company's stock after buying an additional 2,862 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Watsco were worth $1,987,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Avidian Wealth Enterprises LLC raised its position in Watsco by 1.8% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,196 shares of the construction company's stock valued at $567,000 after purchasing an additional 21 shares during the last quarter. Centennial Wealth Advisory LLC increased its holdings in shares of Watsco by 3.0% in the 4th quarter. Centennial Wealth Advisory LLC now owns 754 shares of the construction company's stock valued at $358,000 after purchasing an additional 22 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Watsco by 1.4% in the 4th quarter. M&T Bank Corp now owns 1,686 shares of the construction company's stock valued at $799,000 after purchasing an additional 23 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Watsco by 0.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,692 shares of the construction company's stock valued at $3,645,000 after purchasing an additional 23 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Watsco by 1.2% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,949 shares of the construction company's stock valued at $924,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 89.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WSO. JPMorgan Chase & Co. increased their price objective 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. Loop Capital increased their price objective on shares of Watsco from $450.00 to $460.00 and gave the company a "hold" rating in a research note on Thursday, February 27th. Morgan Stanley began coverage on shares of Watsco in a research note on Monday, April 14th. They issued an "equal weight" rating and a $515.00 price objective on the stock. Wall Street Zen raised shares of Watsco from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, UBS Group lowered their price objective on shares of Watsco from $475.00 to $455.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $486.67.

Watsco Trading Down 0.6%

Shares of Watsco stock traded down $2.50 during mid-day trading on Friday, hitting $443.35. 405,339 shares of the stock were exchanged, compared to its average volume of 257,546. Watsco, Inc. has a twelve month low of $435.58 and a twelve month high of $571.42. The stock has a market capitalization of $17.96 billion, a price-to-earnings ratio of 33.46 and a beta of 1.11. The company has a 50-day simple moving average of $480.08 and a 200 day simple moving average of $493.47.

Watsco (NYSE:WSO - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.36). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.66 billion. Watsco had a return on equity of 17.59% and a net margin of 7.04%. Watsco's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.17 earnings per share. Equities research analysts forecast that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were issued a dividend of $3.00 per share. This is a positive change from Watsco's previous quarterly dividend of $2.70. This represents a $12.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Tuesday, April 15th. Watsco's dividend payout ratio is presently 92.24%.

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.