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.

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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.

Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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