XTX Topco Ltd Invests $417,000 in Watsco, Inc. (NYSE:WSO)

XTX Topco Ltd acquired a new position in Watsco, Inc. (NYSE:WSO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 880 shares of the construction company's stock, valued at approximately $417,000.

Other hedge funds have also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new position in shares of Watsco during the fourth quarter worth $31,000. Wingate Wealth Advisors Inc. acquired a new position in Watsco during the 4th quarter worth about $36,000. Atala Financial Inc purchased a new position in Watsco during the 4th quarter valued at about $49,000. Golden State Wealth Management LLC acquired a new position in Watsco in the 4th quarter valued at about $50,000. Finally, Tortoise Investment Management LLC grew its position in Watsco by 76.2% in the 4th quarter. Tortoise Investment Management LLC now owns 148 shares of the construction company's stock valued at $70,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company's stock.

Watsco Stock Performance

NYSE WSO traded up $2.37 during trading on Friday, reaching $455.46. 324,445 shares of the company's stock were exchanged, compared to its average volume of 255,488. Watsco, Inc. has a 1 year low of $439.08 and a 1 year high of $571.42. The stock has a market cap of $18.40 billion, a P/E ratio of 34.37 and a beta of 1.00. The company has a 50 day moving average price of $498.87 and a two-hundred day moving average price of $498.82.

Watsco (NYSE:WSO - Get Free Report) last announced its quarterly 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). Watsco had a net margin of 7.04% and a return on equity of 17.59%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company earned $2.17 earnings per share. Research analysts forecast that Watsco, Inc. will post 14.62 EPS for the current fiscal year.

Watsco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.63%. This is an increase from Watsco's previous quarterly dividend of $2.70. The ex-dividend date of this dividend is Tuesday, April 15th. Watsco's dividend payout ratio (DPR) is 90.57%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Loop Capital raised 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. StockNews.com downgraded shares of Watsco from a "hold" rating to a "sell" rating in a research note on Friday. Morgan Stanley initiated 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. Robert W. Baird lowered their target price on Watsco from $560.00 to $540.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, Mizuho set a $490.00 price target on Watsco in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Watsco presently has a consensus rating of "Hold" and a consensus target price of $480.83.

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.