Waterloo Capital L.P. Invests $308,000 in Watsco, Inc. (NYSE:WSO)

Waterloo Capital L.P. acquired a new stake in Watsco, Inc. (NYSE:WSO) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 665 shares of the construction company’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL increased its holdings in shares of Watsco by 1.2% during the second quarter. Blair William & Co. IL now owns 801,152 shares of the construction company’s stock worth $371,126,000 after buying an additional 9,141 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Watsco by 22.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,499 shares of the construction company’s stock valued at $1,621,000 after purchasing an additional 648 shares in the last quarter. Argent Trust Co grew its holdings in shares of Watsco by 1.7% during the second quarter. Argent Trust Co now owns 5,806 shares of the construction company’s stock worth $2,690,000 after purchasing an additional 97 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its stake in shares of Watsco by 3.8% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 46,917 shares of the construction company’s stock valued at $21,734,000 after buying an additional 1,738 shares during the period. Finally, Cranbrook Wealth Management LLC bought a new position in Watsco in the 2nd quarter valued at approximately $604,000. Institutional investors own 89.71% of the company’s stock.

Wall Street Analyst Weigh In

WSO has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Watsco from $460.00 to $522.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $447.67.

Watsco Stock Up 2.8 %

Watsco stock opened at $500.25 on Friday. The firm has a market cap of $20.18 billion, a price-to-earnings ratio of 38.48 and a beta of 0.88. Watsco, Inc. has a 52-week low of $338.58 and a 52-week high of $520.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.55 and a current ratio of 3.21. The firm has a 50 day moving average price of $478.53 and a two-hundred day moving average price of $460.18.

Watsco (NYSE:WSO) last announced its earnings results on Tuesday, July 30th. The construction company reported $4.49 earnings per share for the quarter, missing analysts’ consensus estimates of $4.70 by ($0.21). The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. Watsco had a return on equity of 18.55% and a net margin of 7.02%. Watsco’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.42 EPS. Equities analysts predict that Watsco, Inc. will post 13.83 EPS for the current year.

Watsco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th were paid a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Tuesday, July 16th. Watsco’s dividend payout ratio is 83.08%.

Watsco Profile

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.