Watsco, Inc. (NYSE:WSO) Shares Purchased by My Legacy Advisors LLC

My Legacy Advisors LLC raised its position in Watsco, Inc. (NYSE:WSO) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 687 shares of the construction company’s stock after purchasing an additional 21 shares during the quarter. My Legacy Advisors LLC’s holdings in Watsco were worth $329,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WSO. Quarry LP purchased a new position in Watsco during the second quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in Watsco in the 3rd quarter valued at approximately $43,000. Massmutual Trust Co. FSB ADV raised its position in Watsco by 30.6% in the third quarter. Massmutual Trust Co. FSB ADV now owns 94 shares of the construction company’s stock valued at $46,000 after purchasing an additional 22 shares during the period. Brooklyn Investment Group acquired a new position in Watsco during the third quarter worth $48,000. Finally, MCF Advisors LLC boosted its position in shares of Watsco by 27.8% during the third quarter. MCF Advisors LLC now owns 115 shares of the construction company’s stock worth $57,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Watsco Trading Up 1.2 %

NYSE:WSO opened at $496.92 on Monday. The stock’s 50 day simple moving average is $508.48 and its 200-day simple moving average is $492.50. Watsco, Inc. has a 12-month low of $373.33 and a 12-month high of $571.41. The firm has a market cap of $20.07 billion, a P/E ratio of 38.40 and a beta of 0.95.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 EPS for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.51). Watsco had a return on equity of 17.77% and a net margin of 6.99%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company posted $4.35 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Research analysts forecast that Watsco, Inc. will post 12.97 EPS for the current fiscal year.

Watsco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, January 17th. Watsco’s payout ratio is 83.46%.

Analyst Upgrades and Downgrades

WSO has been the topic of a number of recent research reports. Robert W. Baird cut their price target on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Raymond James began coverage on Watsco in a research note on Friday. They set a “market perform” rating for the company. Finally, Northcoast Research started coverage on Watsco in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $488.33.

Insider Activity

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total value of $5,589,293.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.