B.O.S.S. Retirement Advisors LLC lowered its holdings in Watsco, Inc. (NYSE:WSO – Free Report) 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 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.
Get Our Latest Stock Analysis on WSO
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.
Further Reading
- Five stocks we like better than Watsco
- Why Invest in High-Yield Dividend Stocks?
- Top 3 ETFs Dominating the Market With Huge Trading Volumes
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Broadcom’s Targeted Upside Just Keeps Getting Better
- Using the MarketBeat Dividend Yield Calculator
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
Want to see what other hedge funds are holding WSO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Watsco, Inc. (NYSE:WSO – Free Report).
Receive News & Ratings for Watsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco and related companies with MarketBeat.com's FREE daily email newsletter.