B.O.S.S. Retirement Advisors LLC Cuts Stock Position in Watsco, Inc. (NYSE:WSO)

B.O.S.S. Retirement Advisors LLC lowered its holdings in Watsco, Inc. (NYSE:WSO) by 1.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,917 shares of the construction company’s stock after selling 38 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Watsco were worth $1,435,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Watsco by 4.5% in the first quarter. Vanguard Group Inc. now owns 3,411,894 shares of the construction company’s stock valued at $1,473,836,000 after acquiring an additional 146,305 shares during the last quarter. Blair William & Co. IL grew its position in shares of Watsco by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 801,152 shares of the construction company’s stock worth $371,126,000 after acquiring an additional 9,141 shares in the last quarter. Markel Group Inc. raised its holdings in shares of Watsco by 0.9% during the second quarter. Markel Group Inc. now owns 571,250 shares of the construction company’s stock worth $264,626,000 after purchasing an additional 5,000 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Watsco by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 393,032 shares of the construction company’s stock valued at $182,068,000 after purchasing an additional 6,320 shares during the last quarter. Finally, Motley Fool Asset Management LLC increased its stake in shares of Watsco by 263.6% in the first quarter. Motley Fool Asset Management LLC now owns 320,008 shares of the construction company’s stock valued at $138,234,000 after purchasing an additional 231,987 shares during the period. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Stock Up 0.9 %

NYSE:WSO opened at $494.61 on Thursday. The company has a market cap of $19.93 billion, a PE ratio of 38.05 and a beta of 0.88. The stock has a 50-day simple moving average of $480.15 and a 200 day simple moving average of $471.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.55 and a current ratio of 3.21. Watsco, Inc. has a 52-week low of $338.58 and a 52-week high of $520.41.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $4.49 earnings per share for the quarter, missing analysts’ consensus estimates of $4.70 by ($0.21). The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. Watsco had a net margin of 7.02% and a return on equity of 18.55%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.42 earnings per share. On average, sell-side analysts expect that Watsco, Inc. will post 13.83 EPS for the current fiscal year.

Watsco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be given a $2.70 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.18%. Watsco’s payout ratio is 83.08%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Watsco from $522.00 to $550.00 and gave the stock an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st.

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.