Argent Trust Co Purchases 366 Shares of Watsco, Inc. (NYSE:WSO)

Argent Trust Co lifted its holdings in Watsco, Inc. (NYSE:WSOFree Report) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,876 shares of the construction company’s stock after purchasing an additional 366 shares during the period. Argent Trust Co’s holdings in Watsco were worth $1,464,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its stake in Watsco by 0.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,304 shares of the construction company’s stock worth $1,260,000 after buying an additional 29 shares in the last quarter. Burney Co. boosted its holdings in shares of Watsco by 5.4% during the 2nd quarter. Burney Co. now owns 3,286 shares of the construction company’s stock worth $1,254,000 after purchasing an additional 167 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its holdings in shares of Watsco by 16.5% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 25,865 shares of the construction company’s stock worth $9,867,000 after purchasing an additional 3,661 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in Watsco by 1.9% in the third quarter. Portside Wealth Group LLC now owns 3,342 shares of the construction company’s stock valued at $1,265,000 after acquiring an additional 63 shares during the last quarter. Finally, Genus Capital Management Inc. lifted its holdings in Watsco by 0.3% in the third quarter. Genus Capital Management Inc. now owns 12,135 shares of the construction company’s stock valued at $4,584,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 89.49% of the company’s stock.

Watsco Stock Performance

Shares of WSO stock opened at $392.79 on Tuesday. The company has a current ratio of 3.08, a quick ratio of 1.33 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $406.20 and a 200 day moving average price of $380.13. The company has a market cap of $15.47 billion, a P/E ratio of 25.93, a PEG ratio of 2.87 and a beta of 0.89. Watsco, Inc. has a 12 month low of $284.05 and a 12 month high of $433.19.

Watsco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were paid a dividend of $2.45 per share. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $9.80 dividend on an annualized basis and a dividend yield of 2.49%. Watsco’s payout ratio is currently 64.69%.

Analyst Ratings Changes

A number of research firms recently commented on WSO. UBS Group upped their price objective on Watsco from $340.00 to $402.00 and gave the company a “neutral” rating in a report on Tuesday, October 10th. Stephens upped their price objective on Watsco from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Monday, December 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded Watsco from a “hold” rating to a “buy” rating and upped their price objective for the company from $387.00 to $500.00 in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $392.67.

Check Out Our Latest Report on WSO

About Watsco

(Free Report)

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies. 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.

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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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