California State Teachers Retirement System Has $7.16 Million Stake in Watsco Inc (NYSE:WSO)

California State Teachers Retirement System raised its stake in Watsco Inc (NYSE:WSO) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,427 shares of the construction company’s stock after purchasing an additional 973 shares during the period. California State Teachers Retirement System owned 0.14% of Watsco worth $7,156,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Enlightenment Research LLC acquired a new stake in shares of Watsco during the fourth quarter worth $42,000. AdvisorNet Financial Inc acquired a new stake in Watsco in the fourth quarter valued at $47,000. Taylor Hoffman Wealth Management acquired a new stake in Watsco in the fourth quarter valued at $66,000. Capital Investment Advisory Services LLC acquired a new stake in Watsco in the fourth quarter valued at $70,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in Watsco in the fourth quarter valued at $87,000. Institutional investors own 78.54% of the company’s stock.

A number of research analysts have recently weighed in on WSO shares. Zacks Investment Research upgraded Watsco from a “sell” rating to a “hold” rating in a research report on Monday, December 17th. Morgan Stanley started coverage on Watsco in a research report on Tuesday, December 18th. They set an “equal weight” rating and a $144.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $176.00.

Shares of NYSE WSO traded up $1.17 during midday trading on Monday, hitting $145.92. The stock had a trading volume of 242,303 shares, compared to its average volume of 297,805. The firm has a market capitalization of $5.42 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.03 and a quick ratio of 1.69. Watsco Inc has a 1-year low of $131.88 and a 1-year high of $192.94.

Watsco (NYSE:WSO) last released its quarterly earnings results on Thursday, February 14th. The construction company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.04). The company had revenue of $991.32 million for the quarter, compared to analyst estimates of $1.01 billion. Watsco had a return on equity of 14.29% and a net margin of 5.04%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $1.19 earnings per share. On average, equities research analysts expect that Watsco Inc will post 6.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Friday, April 12th. Watsco’s dividend payout ratio (DPR) is presently 98.61%.

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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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