Tidal Investments LLC raised its position in Watsco, Inc. (NYSE:WSO – Free Report) by 3.1% during the third quarter, Holdings Channel reports. The fund owned 2,269 shares of the construction company’s stock after acquiring an additional 69 shares during the period. Tidal Investments LLC’s holdings in Watsco were worth $1,116,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of WSO. Sanctuary Advisors LLC lifted its stake in shares of Watsco by 1.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 8,088 shares of the construction company’s stock worth $3,978,000 after purchasing an additional 107 shares during the period. Anchor Investment Management LLC increased its holdings in Watsco by 500.0% during the third quarter. Anchor Investment Management LLC now owns 228 shares of the construction company’s stock valued at $112,000 after buying an additional 190 shares during the last quarter. Tudor Financial Inc. bought a new position in Watsco in the third quarter worth approximately $588,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Watsco by 0.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 34,467 shares of the construction company’s stock worth $16,953,000 after acquiring an additional 220 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Watsco by 32.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,258 shares of the construction company’s stock valued at $2,094,000 after acquiring an additional 1,038 shares during the period. 89.71% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the business’s 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. 12.86% of the stock is currently owned by corporate insiders.
Watsco Price Performance
Watsco (NYSE:WSO – Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $4.22 EPS for the quarter, missing analysts’ consensus estimates of $4.73 by ($0.51). Watsco had a net margin of 6.99% and a return on equity of 17.77%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the business earned $4.35 earnings per share. Watsco’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts expect that Watsco, Inc. will post 13.06 EPS for the current year.
Watsco Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a $2.70 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a yield of 2.22%. Watsco’s dividend payout ratio is presently 83.46%.
Analysts Set New Price Targets
A number of brokerages recently commented on WSO. Northcoast Research assumed coverage on Watsco in a report on Friday, November 22nd. They issued a “neutral” rating on the stock. Robert W. Baird reduced their price target on Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th.
Read Our Latest Research Report on WSO
About Watsco
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.
Featured Articles
- Five stocks we like better than Watsco
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Micron Stock Under $100: Seize the AI-Driven Upside
- How to Invest in Biotech Stocks
- AI’s Next Big Winners: 3 Small-Cap Stocks to Watch in 2025
- How to Read Stock Charts for Beginners
- SolarEdge Stock Climbs Back: Goldman Sachs Sees 40% Upside
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.