Applied Capital LLC FL Has $3.27 Million Stock Position in Watsco, Inc. (NYSE:WSO)

Applied Capital LLC FL decreased its stake in Watsco, Inc. (NYSE:WSO) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,903 shares of the construction company’s stock after selling 27 shares during the period. Watsco accounts for about 2.5% of Applied Capital LLC FL’s holdings, making the stock its 8th biggest position. Applied Capital LLC FL’s holdings in Watsco were worth $3,271,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. FMR LLC raised its position in shares of Watsco by 10.6% in the third quarter. FMR LLC now owns 3,624,159 shares of the construction company’s stock valued at $1,782,651,000 after purchasing an additional 346,470 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Watsco by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,252,822 shares of the construction company’s stock valued at $616,357,000 after purchasing an additional 62,041 shares in the last quarter. State Street Corp raised its stake in shares of Watsco by 5.9% during the 3rd quarter. State Street Corp now owns 1,173,762 shares of the construction company’s stock valued at $577,350,000 after purchasing an additional 65,846 shares during the period. Geode Capital Management LLC boosted its stake in Watsco by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 704,330 shares of the construction company’s stock worth $345,783,000 after purchasing an additional 63,254 shares during the period. Finally, Markel Group Inc. increased its position in shares of Watsco by 2.0% during the third quarter. Markel Group Inc. now owns 582,500 shares of the construction company’s stock valued at $286,520,000 after buying an additional 11,250 shares during the period. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WSO shares. Raymond James started coverage on shares of Watsco in a report on Friday, January 17th. They set a “market perform” rating on the stock. Northcoast Research started coverage on Watsco in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Finally, Robert W. Baird lowered their price target on Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $488.33.

Insider Transactions at Watsco

In related news, EVP Barry S. Logan sold 10,998 shares of Watsco 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 12.86% of the company’s stock.

Watsco Stock Performance

Shares of NYSE:WSO opened at $494.93 on Friday. The firm has a market capitalization of $19.99 billion, a PE ratio of 38.25 and a beta of 0.95. Watsco, Inc. has a 52-week low of $373.33 and a 52-week high of $571.41. The firm has a fifty day moving average of $505.31 and a 200 day moving average of $493.11.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 earnings per share for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.51). The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Watsco had a net margin of 6.99% and a return on equity of 17.77%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.35 earnings per share. On average, sell-side analysts forecast that Watsco, Inc. will post 13.03 EPS for the current fiscal year.

Watsco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, January 17th. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

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.