Capital Advisors Inc. OK Lowers Holdings in Watsco, Inc. (NYSE:WSO)

Capital Advisors Inc. OK lowered its stake in shares of Watsco, Inc. (NYSE:WSO) by 0.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 59,288 shares of the construction company’s stock after selling 188 shares during the period. Capital Advisors Inc. OK owned approximately 0.15% of Watsco worth $28,096,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WSO. FMR LLC grew its holdings in Watsco by 10.6% during the 3rd quarter. FMR LLC now owns 3,624,159 shares of the construction company’s stock valued at $1,782,651,000 after buying an additional 346,470 shares in the last quarter. International Assets Investment Management LLC lifted its position in Watsco by 48,984.7% in the third quarter. International Assets Investment Management LLC now owns 233,643 shares of the construction company’s stock worth $114,924,000 after buying an additional 233,167 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Watsco by 2,128.1% in the third quarter. Benjamin Edwards Inc. now owns 107,463 shares of the construction company’s stock worth $52,880,000 after buying an additional 102,640 shares during the last quarter. State Street Corp lifted its position in shares of Watsco by 5.9% during the third quarter. State Street Corp now owns 1,173,762 shares of the construction company’s stock worth $577,350,000 after purchasing an additional 65,846 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Watsco by 9.9% during the third quarter. Geode Capital Management LLC now owns 704,330 shares of the construction company’s stock worth $345,783,000 after purchasing an additional 63,254 shares during the last quarter. Institutional investors own 89.71% of the company’s stock.

Watsco Trading Up 0.9 %

NYSE WSO opened at $471.99 on Wednesday. The stock has a fifty day simple moving average of $488.57 and a 200-day simple moving average of $491.37. Watsco, Inc. has a twelve month low of $373.33 and a twelve month high of $571.41. The stock has a market cap of $19.06 billion, a PE ratio of 36.48 and a beta of 0.95.

Watsco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were given a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, January 17th. Watsco’s dividend payout ratio is currently 83.46%.

Analyst Ratings Changes

Several equities analysts have issued reports on WSO shares. Raymond James assumed coverage on Watsco in a research note on Friday, January 17th. They issued a “market perform” rating on the stock. Robert W. Baird decreased their target price on Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Northcoast Research began coverage on Watsco in a report on Friday, November 22nd. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $488.33.

Insider Activity

In related news, EVP Barry S. Logan sold 10,998 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total transaction of $5,589,293.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 12.86% of the company’s stock.

About Watsco

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.