DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $13.17 Million Holdings in Watsco, Inc. (NYSE:WSO)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its stake in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,789 shares of the construction company's stock after selling 548 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.07% of Watsco worth $13,169,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in Watsco during the 4th quarter worth about $31,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Watsco during the 4th quarter worth about $36,000. Atala Financial Inc purchased a new stake in shares of Watsco during the 4th quarter worth about $49,000. Golden State Wealth Management LLC purchased a new stake in shares of Watsco during the 4th quarter worth about $50,000. Finally, Tortoise Investment Management LLC raised its stake in shares of Watsco by 76.2% during the 4th quarter. Tortoise Investment Management LLC now owns 148 shares of the construction company's stock worth $70,000 after purchasing an additional 64 shares in the last quarter. 89.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WSO has been the subject of a number of recent research reports. StockNews.com raised Watsco from a "sell" rating to a "hold" rating in a research note on Friday. Raymond James initiated coverage on Watsco in a research note on Friday, January 17th. They set a "market perform" rating for the company. Mizuho set a $490.00 price target on Watsco in a research note on Thursday, April 24th. Morgan Stanley began coverage on Watsco in a research note on Monday, April 14th. They issued an "equal weight" rating and a $515.00 price objective on the stock. Finally, Loop Capital raised their price objective on Watsco from $450.00 to $460.00 and gave the company a "hold" rating in a research note on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $480.83.

Watsco Trading Up 1.7%

WSO traded up $8.30 during midday trading on Monday, reaching $484.20. The company's stock had a trading volume of 468,498 shares, compared to its average volume of 253,554. The stock has a market cap of $19.56 billion, a P/E ratio of 36.54 and a beta of 1.11. The company has a fifty day simple moving average of $491.82 and a 200 day simple moving average of $497.29. Watsco, Inc. has a twelve month low of $439.08 and a twelve month high of $571.42.

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

Watsco Increases Dividend

The company 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 represents a $12.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Tuesday, April 15th. This is a positive change from Watsco's previous quarterly dividend of $2.70. Watsco's dividend payout ratio (DPR) is presently 92.24%.

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.