Natixis Advisors LLC Acquires 80 Shares of Watsco, Inc. (NYSE:WSO)

Natixis Advisors LLC lifted its position in Watsco, Inc. (NYSE:WSO) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,932 shares of the construction company’s stock after buying an additional 80 shares during the quarter. Natixis Advisors LLC owned about 0.22% of Watsco worth $42,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in shares of Watsco in the fourth quarter worth $31,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Watsco in the fourth quarter worth $36,000. Quarry LP lifted its stake in shares of Watsco by 57.9% in the third quarter. Quarry LP now owns 90 shares of the construction company’s stock worth $44,000 after buying an additional 33 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Watsco in the third quarter worth $48,000. Finally, Atala Financial Inc acquired a new stake in shares of Watsco in the fourth quarter worth $49,000. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Watsco Price Performance

NYSE:WSO opened at $508.47 on Monday. The stock has a market cap of $20.54 billion, a P/E ratio of 38.38 and a beta of 0.92. The company has a fifty day moving average price of $489.58 and a 200 day moving average price of $495.31. Watsco, Inc. has a one year low of $396.82 and a one year high of $571.42.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.24. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.67 billion. Watsco had a net margin of 7.04% and a return on equity of 17.59%. As a group, equities research analysts anticipate that Watsco, Inc. will post 14.62 EPS for the current year.

Watsco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $2.70 dividend. This represents a $10.80 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, January 17th. Watsco’s dividend payout ratio (DPR) is presently 81.51%.

Insider Buying and Selling at Watsco

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total value of $5,589,293.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WSO. Loop Capital boosted their price objective on shares of Watsco from $450.00 to $460.00 and gave the stock a “hold” rating in a research note on Thursday, February 27th. Robert W. Baird upped their target price on shares of Watsco from $540.00 to $560.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Raymond James began coverage on shares of Watsco in a research note on Friday, January 17th. They set a “market perform” rating for the company. Finally, Northcoast Research began coverage on shares of Watsco in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Watsco presently has a consensus rating of “Hold” and a consensus price target of $486.25.

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.