Paloma Partners Management Co bought a new position in shares of Watsco Inc (NYSE:WSO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,584 shares of the construction company’s stock, valued at approximately $220,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Enlightenment Research LLC bought a new stake in shares of Watsco in the 4th quarter worth about $42,000. AdvisorNet Financial Inc bought a new stake in shares of Watsco during the 4th quarter valued at about $47,000. Taylor Hoffman Wealth Management bought a new stake in shares of Watsco during the 4th quarter valued at about $66,000. Capital Investment Advisory Services LLC bought a new stake in shares of Watsco during the 4th quarter valued at about $70,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in shares of Watsco during the 4th quarter valued at about $87,000. Institutional investors own 78.74% of the company’s stock.
Shares of NYSE:WSO traded up $0.93 during trading on Friday, reaching $151.33. The company had a trading volume of 433,238 shares, compared to its average volume of 326,913. The firm has a market cap of $5.68 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.80 and a beta of 0.94. Watsco Inc has a twelve month low of $131.88 and a twelve month high of $192.94. The company has a current ratio of 4.03, a quick ratio of 1.69 and a debt-to-equity ratio of 0.08.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a $1.60 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.23%. Watsco’s payout ratio is currently 98.61%.
Separately, Zacks Investment Research reaffirmed a “sell” rating on shares of Watsco in a research report on Monday, December 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Watsco currently has a consensus rating of “Hold” and a consensus target price of $176.00.
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Watsco Company 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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