Watsco, Inc. (NYSE:WSO) Shares Sold by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC decreased its position in Watsco, Inc. (NYSE:WSO - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,815 shares of the construction company's stock after selling 3,746 shares during the period. Watsco makes up approximately 3.1% of LaFleur & Godfrey LLC's holdings, making the stock its 5th biggest position. LaFleur & Godfrey LLC owned 0.12% of Watsco worth $20,916,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Procyon Advisors LLC boosted its stake in Watsco by 7.9% in the 4th quarter. Procyon Advisors LLC now owns 3,186 shares of the construction company's stock worth $1,365,000 after purchasing an additional 232 shares in the last quarter. Vision Capital Management Inc. boosted its stake in Watsco by 0.7% in the 4th quarter. Vision Capital Management Inc. now owns 19,639 shares of the construction company's stock worth $8,415,000 after purchasing an additional 128 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Watsco by 5.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 611 shares of the construction company's stock worth $262,000 after purchasing an additional 32 shares in the last quarter. Oak Ridge Investments LLC lifted its stake in Watsco by 4.9% during the 4th quarter. Oak Ridge Investments LLC now owns 2,201 shares of the construction company's stock valued at $943,000 after acquiring an additional 102 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Watsco by 25.0% during the 4th quarter. Pacer Advisors Inc. now owns 6,138 shares of the construction company's stock valued at $2,630,000 after acquiring an additional 1,227 shares during the period. Institutional investors own 89.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Stephens upped their target price on shares of Watsco from $450.00 to $500.00 and gave the company an "overweight" rating in a research note on Monday, December 11th. Robert W. Baird upped their target price on shares of Watsco from $400.00 to $410.00 and gave the company an "outperform" rating in a research note on Wednesday, February 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Watsco from a "hold" rating to a "buy" rating and upped their target price for the company from $387.00 to $500.00 in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $396.00.

Watsco Stock Performance

Shares of NYSE:WSO traded down $2.31 during trading on Thursday, hitting $431.97. The company's stock had a trading volume of 224,765 shares, compared to its average volume of 353,944. The company has a 50-day moving average of $400.26 and a 200-day moving average of $391.15. Watsco, Inc. has a 12 month low of $298.79 and a 12 month high of $441.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.36 and a quick ratio of 1.47. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 3.30 and a beta of 0.89.

Watsco (NYSE:WSO - Get Free Report) last released its earnings results on Tuesday, February 13th. The construction company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.44). Watsco had a return on equity of 21.36% and a net margin of 7.36%. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the prior year, the company posted $2.35 earnings per share. The company's revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts expect that Watsco, Inc. will post 14.26 earnings per share for the current year.

Watsco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were paid a dividend of $2.45 per share. This represents a $9.80 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Tuesday, January 16th. Watsco's payout ratio is 71.74%.

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.