RFG Advisory LLC Sells 61 Shares of Watsco, Inc. (NYSE:WSO)

RFG Advisory LLC lessened its holdings in Watsco, Inc. (NYSE:WSO) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,893 shares of the construction company’s stock after selling 61 shares during the quarter. RFG Advisory LLC’s holdings in Watsco were worth $1,845,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Crown Oak Advisors LLC grew its holdings in Watsco by 20.5% during the 4th quarter. Crown Oak Advisors LLC now owns 24,121 shares of the construction company’s stock worth $11,430,000 after acquiring an additional 4,101 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in shares of Watsco during the fourth quarter worth $148,000. Mutual Advisors LLC grew its stake in shares of Watsco by 15.4% during the fourth quarter. Mutual Advisors LLC now owns 855 shares of the construction company’s stock worth $420,000 after purchasing an additional 114 shares during the period. Janney Montgomery Scott LLC bought a new stake in Watsco in the fourth quarter valued at about $10,446,000. Finally, Simon Quick Advisors LLC lifted its stake in Watsco by 15.6% in the fourth quarter. Simon Quick Advisors LLC now owns 808 shares of the construction company’s stock valued at $383,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Stock Down 0.6 %

Watsco stock opened at $494.93 on Friday. Watsco, Inc. has a twelve month low of $373.33 and a twelve month high of $571.41. The company has a 50 day moving average of $505.31 and a 200-day moving average of $493.11. The stock has a market capitalization of $19.99 billion, a PE ratio of 38.25 and a beta of 0.95.

Watsco (NYSE:WSO) last released its earnings results on Wednesday, October 23rd. The construction company reported $4.22 earnings per share (EPS) 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 the consensus estimate of $2.24 billion. Watsco had a return on equity of 17.77% and a net margin of 6.99%. Watsco’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $4.35 EPS. Equities analysts anticipate that Watsco, Inc. will post 13.03 EPS for the current fiscal year.

Watsco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $2.70 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.18%. Watsco’s payout ratio is presently 83.46%.

Analyst Ratings Changes

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

Insider Activity at Watsco

In other Watsco 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 document filed with the SEC, which is available through this hyperlink. 12.86% of the stock is owned by insiders.

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.