Artemis Investment Management LLP Has $6.36 Million Holdings in Watsco, Inc. (WSO)
Artemis Investment Management LLP cut its holdings in Watsco, Inc. (NYSE:WSO) by 29.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,467 shares of the construction company’s stock after selling 16,792 shares during the quarter. Artemis Investment Management LLP owned 0.12% of Watsco worth $6,358,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Winslow Evans & Crocker Inc. boosted its stake in shares of Watsco by 300.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 800 shares of the construction company’s stock valued at $123,000 after buying an additional 600 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of Watsco in the second quarter valued at approximately $125,000. Public Employees Retirement Association of Colorado boosted its stake in shares of Watsco by 15.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 952 shares of the construction company’s stock valued at $147,000 after buying an additional 129 shares in the last quarter. Creative Planning boosted its stake in shares of Watsco by 6.1% in the second quarter. Creative Planning now owns 1,039 shares of the construction company’s stock valued at $160,000 after buying an additional 60 shares in the last quarter. Finally, Dudley & Shanley LLC purchased a new stake in shares of Watsco in the second quarter valued at approximately $200,000. Hedge funds and other institutional investors own 81.34% of the company’s stock.
Shares of Watsco, Inc. (WSO) traded up $0.27 during mid-day trading on Friday, reaching $165.70. The company had a trading volume of 113,668 shares, compared to its average volume of 242,558. The company has a quick ratio of 1.42, a current ratio of 3.13 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $5,928.81, a price-to-earnings ratio of 30.92 and a beta of 0.83.
Watsco (NYSE:WSO) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.13). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Watsco had a return on equity of 15.00% and a net margin of 4.46%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 earnings per share. research analysts forecast that Watsco, Inc. will post 5.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, October 13th. This represents a $5.00 annualized dividend and a yield of 3.02%. Watsco’s dividend payout ratio is presently 92.42%.
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A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Watsco from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Tuesday, August 1st. Morgan Stanley lifted their price target on Watsco from $141.00 to $151.00 and gave the company an “underweight” rating in a research note on Monday, September 25th. Wolfe Research assumed coverage on Watsco in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. BidaskClub upgraded Watsco from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $154.00 price target on shares of Watsco in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Watsco has a consensus rating of “Hold” and an average price target of $160.40.
Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.
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