KAMES CAPITAL plc Has $14.54 Million Stake in Watsco Inc (WSO)

KAMES CAPITAL plc trimmed its holdings in shares of Watsco Inc (NYSE:WSO) by 2.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,508 shares of the construction company’s stock after selling 2,360 shares during the period. KAMES CAPITAL plc owned 0.27% of Watsco worth $14,544,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Enlightenment Research LLC bought a new position in Watsco in the fourth quarter valued at about $42,000. AdvisorNet Financial Inc acquired a new stake in Watsco in the fourth quarter valued at approximately $47,000. Washington Trust Bank grew its stake in Watsco by 4,757.1% in the first quarter. Washington Trust Bank now owns 340 shares of the construction company’s stock valued at $49,000 after acquiring an additional 333 shares during the period. Taylor Hoffman Wealth Management purchased a new position in shares of Watsco during the fourth quarter valued at approximately $66,000. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of Watsco during the fourth quarter valued at approximately $70,000. Institutional investors own 78.74% of the company’s stock.

WSO traded up $2.48 on Wednesday, hitting $150.21. The company had a trading volume of 3,845 shares, compared to its average volume of 393,034. Watsco Inc has a 12-month low of $131.88 and a 12-month high of $192.94. The firm has a market cap of $5.48 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.74 and a beta of 0.94. The company has a current ratio of 4.03, a quick ratio of 1.69 and a debt-to-equity ratio of 0.08.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, April 12th. Watsco’s dividend payout ratio is presently 98.61%.

Several brokerages have issued reports on WSO. Zacks Investment Research upgraded Watsco from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Morgan Stanley started coverage on Watsco in a research report on Tuesday, December 18th. They set an “equal weight” rating and a $144.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Watsco presently has a consensus rating of “Hold” and a consensus target price of $176.00.

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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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