Middleton & Co Inc MA increased its position in Watsco Inc (NYSE:WSO) by 41.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,485 shares of the construction company’s stock after acquiring an additional 3,090 shares during the quarter. Middleton & Co Inc MA’s holdings in Watsco were worth $1,502,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WSO. BlackRock Inc. raised its stake in shares of Watsco by 4.2% during the fourth quarter. BlackRock Inc. now owns 3,663,158 shares of the construction company’s stock worth $509,692,000 after acquiring an additional 146,562 shares in the last quarter. Vanguard Group Inc boosted its holdings in Watsco by 1.9% in the third quarter. Vanguard Group Inc now owns 2,867,335 shares of the construction company’s stock valued at $510,673,000 after acquiring an additional 54,610 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Watsco by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,867,335 shares of the construction company’s stock valued at $510,673,000 after buying an additional 54,610 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Watsco by 20.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,112,542 shares of the construction company’s stock valued at $154,799,000 after buying an additional 188,860 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Watsco by 1.7% during the 4th quarter. Bank of New York Mellon Corp now owns 790,185 shares of the construction company’s stock valued at $109,946,000 after buying an additional 12,937 shares in the last quarter. Institutional investors own 78.87% of the company’s stock.

Shares of NYSE WSO traded down $0.25 during midday trading on Thursday, hitting $159.75. 151,488 shares of the company’s stock traded hands, compared to its average volume of 339,427. Watsco Inc has a 1 year low of $131.88 and a 1 year high of $191.86. The firm has a market capitalization of $5.89 billion, a P/E ratio of 24.61, a PEG ratio of 1.87 and a beta of 0.94. The company has a quick ratio of 1.69, a current ratio of 3.17 and a debt-to-equity ratio of 0.09.

Watsco (NYSE:WSO) last released its quarterly earnings results on Tuesday, April 23rd. The construction company reported $0.88 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. Watsco had a net margin of 5.05% and a return on equity of 14.23%. The firm had revenue of $931.30 million during the quarter, compared to analyst estimates of $942.05 million. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities research analysts anticipate that Watsco Inc will post 6.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a dividend of $1.60 per share. The ex-dividend date is Friday, April 12th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.01%. Watsco’s dividend payout ratio (DPR) is presently 98.61%.

Separately, Zacks Investment Research upgraded shares of Watsco from a “sell” rating to a “hold” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Watsco currently has a consensus rating of “Hold” and a consensus target price of $174.71.

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Watsco Profile

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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