Donaldson Capital Management LLC Has $227,000 Stake in Watsco, Inc. (WSO)
Donaldson Capital Management LLC lessened its stake in shares of Watsco, Inc. (NYSE:WSO) by 38.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,410 shares of the construction company’s stock after selling 865 shares during the period. Donaldson Capital Management LLC’s holdings in Watsco were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA purchased a new position in shares of Watsco during the 2nd quarter worth $125,000. Public Employees Retirement Association of Colorado raised its holdings in shares of Watsco by 15.7% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 952 shares of the construction company’s stock worth $147,000 after acquiring an additional 129 shares during the period. Creative Planning raised its holdings in shares of Watsco by 6.1% during the 2nd quarter. Creative Planning now owns 1,039 shares of the construction company’s stock worth $160,000 after acquiring an additional 60 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Watsco during the 3rd quarter worth $206,000. Finally, Quantbot Technologies LP purchased a new stake in Watsco in the 3rd quarter valued at about $207,000. Institutional investors and hedge funds own 81.10% of the company’s stock.
WSO has been the topic of several research analyst reports. Morgan Stanley restated an “underweight” rating and issued a $141.00 price objective (up from $139.00) on shares of Watsco in a report on Wednesday, July 26th. Robert W. Baird restated a “buy” rating and issued a $163.00 price objective on shares of Watsco in a report on Friday, September 1st. Zacks Investment Research lowered shares of Watsco from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub upgraded shares of Watsco from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $154.00 price objective on shares of Watsco in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Watsco has a consensus rating of “Hold” and an average price target of $160.40.
Watsco, Inc. (NYSE WSO) traded up $1.76 during midday trading on Friday, reaching $165.95. The company’s stock had a trading volume of 125,100 shares, compared to its average volume of 277,536. Watsco, Inc. has a 52 week low of $134.08 and a 52 week high of $167.94. The firm has a market cap of $5,868.31, a P/E ratio of 30.58 and a beta of 0.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.42 and a current ratio of 3.13.
Watsco (NYSE:WSO) last announced its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.13). Watsco had a return on equity of 15.00% and a net margin of 4.46%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. sell-side analysts anticipate that Watsco, Inc. will post 5.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, October 13th. Watsco’s dividend payout ratio is presently 92.42%.
Watsco Company Profile
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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