Running Oak Capital LLC raised its stake in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 11.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,815 shares of the construction company's stock after purchasing an additional 3,156 shares during the period. Watsco accounts for approximately 2.0% of Running Oak Capital LLC's holdings, making the stock its 12th biggest position. Running Oak Capital LLC owned 0.08% of Watsco worth $16,172,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Manitou Investment Management Ltd. bought a new position in shares of Watsco during the 1st quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Watsco during the 1st quarter valued at about $25,000. City Holding Co. bought a new position in shares of Watsco during the 1st quarter valued at about $29,000. Rialto Wealth Management LLC purchased a new stake in shares of Watsco during the 4th quarter valued at about $31,000. Finally, ST Germain D J Co. Inc. raised its position in shares of Watsco by 260.0% during the 1st quarter. ST Germain D J Co. Inc. now owns 72 shares of the construction company's stock valued at $37,000 after buying an additional 52 shares in the last quarter. Institutional investors own 89.71% of the company's stock.
Watsco Price Performance
WSO stock traded up $8.35 during mid-day trading on Monday, reaching $430.19. The company had a trading volume of 281,500 shares, compared to its average volume of 256,458. The company has a market capitalization of $17.43 billion, a PE ratio of 33.07 and a beta of 1.06. The firm has a 50 day moving average of $462.13 and a 200 day moving average of $482.31. Watsco, Inc. has a 12 month low of $415.70 and a 12 month high of $571.42.
Watsco (NYSE:WSO - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $1.93 EPS for the quarter, missing analysts' consensus estimates of $2.29 by ($0.36). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.66 billion. Watsco had a return on equity of 17.13% and a net margin of 6.98%. Watsco's revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.17 earnings per share. Analysts anticipate that Watsco, Inc. will post 14.62 EPS for the current year.
Watsco Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were paid a dividend of $3.00 per share. The ex-dividend date was Tuesday, April 15th. This is an increase from Watsco's previous quarterly dividend of $2.70. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.79%. Watsco's dividend payout ratio (DPR) is currently 92.24%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on WSO. Robert W. Baird decreased their target price on shares of Watsco from $560.00 to $540.00 and set an "outperform" rating on the stock 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 decreased their target price on shares of Watsco from $475.00 to $455.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Loop Capital upped their target price on shares of Watsco from $450.00 to $460.00 and gave the company a "hold" rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Watsco from $445.00 to $460.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $486.67.
Check Out Our Latest Stock Analysis on Watsco
Watsco Company Profile
(
Free Report)
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.
Featured Articles

Before you consider Watsco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Watsco wasn't on the list.
While Watsco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.