XTX Topco Ltd Purchases 3,476 Shares of Watsco, Inc. $WSO

XTX Topco Ltd boosted its position in Watsco, Inc. (NYSE:WSO) by 267.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,776 shares of the construction company’s stock after purchasing an additional 3,476 shares during the period. XTX Topco Ltd’s holdings in Watsco were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in WSO. Trust Co. of Vermont grew its stake in shares of Watsco by 10.2% during the 2nd quarter. Trust Co. of Vermont now owns 238 shares of the construction company’s stock worth $105,000 after acquiring an additional 22 shares during the period. Cary Street Partners Financial LLC boosted its position in Watsco by 2.2% during the first quarter. Cary Street Partners Financial LLC now owns 1,073 shares of the construction company’s stock worth $545,000 after purchasing an additional 23 shares during the period. Freedom Investment Management Inc. increased its stake in shares of Watsco by 4.8% in the first quarter. Freedom Investment Management Inc. now owns 504 shares of the construction company’s stock worth $256,000 after purchasing an additional 23 shares in the last quarter. Nicolet Advisory Services LLC raised its position in shares of Watsco by 1.5% in the first quarter. Nicolet Advisory Services LLC now owns 1,705 shares of the construction company’s stock valued at $851,000 after purchasing an additional 25 shares during the period. Finally, Synovus Financial Corp lifted its stake in shares of Watsco by 5.9% during the 1st quarter. Synovus Financial Corp now owns 522 shares of the construction company’s stock valued at $265,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Watsco Stock Performance

NYSE:WSO opened at $346.17 on Thursday. Watsco, Inc. has a 52-week low of $323.05 and a 52-week high of $562.56. The stock has a fifty day moving average of $368.57 and a 200 day moving average of $414.28. The firm has a market capitalization of $14.04 billion, a price-to-earnings ratio of 27.04 and a beta of 0.93.

Watsco (NYSE:WSO) last released its quarterly earnings results on Friday, November 7th. The construction company reported $3.98 earnings per share for the quarter. The firm had revenue of $2.07 billion for the quarter. Watsco had a return on equity of 16.48% and a net margin of 7.04%. Equities analysts forecast that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Thursday, October 16th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, October 16th. Watsco’s dividend payout ratio (DPR) is currently 93.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WSO shares. William Blair reiterated a “market perform” rating on shares of Watsco in a research note on Wednesday, October 15th. JPMorgan Chase & Co. cut their price target on Watsco from $400.00 to $360.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. UBS Group reduced their price target on Watsco from $425.00 to $390.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Zacks Research cut Watsco from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Finally, Mizuho cut their target price on Watsco from $525.00 to $400.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Watsco presently has a consensus rating of “Hold” and a consensus target price of $435.00.

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.