1,818 Shares in Watsco, Inc. (NYSE:WSO) Bought by Everpar Advisors LLC

Everpar Advisors LLC purchased a new position in shares of Watsco, Inc. (NYSE:WSO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,818 shares of the construction company’s stock, valued at approximately $779,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wetzel Investment Advisors Inc. purchased a new position in Watsco in the fourth quarter worth $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Watsco during the 4th quarter valued at $26,000. Rise Advisors LLC purchased a new position in shares of Watsco during the 4th quarter valued at $30,000. BKM Wealth Management LLC purchased a new position in shares of Watsco during the 4th quarter valued at $32,000. Finally, Hartford Financial Management Inc. lifted its position in shares of Watsco by 53.1% during the 4th quarter. Hartford Financial Management Inc. now owns 75 shares of the construction company’s stock valued at $32,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Watsco Price Performance

NYSE WSO traded down $4.39 during trading on Tuesday, reaching $467.96. The company’s stock had a trading volume of 458,850 shares, compared to its average volume of 344,665. The stock has a market capitalization of $18.48 billion, a PE ratio of 36.35 and a beta of 0.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 1.31. The firm has a fifty day moving average of $421.34 and a 200 day moving average of $403.06. Watsco, Inc. has a one year low of $315.17 and a one year high of $480.18.

Watsco (NYSE:WSO) last announced its earnings results on Wednesday, April 24th. The construction company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.09). The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.59 billion. Watsco had a return on equity of 19.26% and a net margin of 7.03%. Watsco’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.83 earnings per share. Analysts expect that Watsco, Inc. will post 14.26 EPS for the current fiscal year.

Watsco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a $2.70 dividend. This is a positive change from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Friday, April 12th. Watsco’s dividend payout ratio is currently 83.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WSO. Stephens reaffirmed an “overweight” rating and set a $500.00 price target on shares of Watsco in a research report on Thursday, April 25th. Robert W. Baird increased their price objective on Watsco from $420.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $404.25.

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.