Cambridge Trust Co. Increases Stake in Watsco Inc (WSO)

Cambridge Trust Co. grew its holdings in Watsco Inc (NYSE:WSO) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,522 shares of the construction company’s stock after buying an additional 1,624 shares during the quarter. Cambridge Trust Co. owned approximately 0.12% of Watsco worth $6,663,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Tompkins Financial Corp boosted its holdings in Watsco by 63.3% in the first quarter. Tompkins Financial Corp now owns 178 shares of the construction company’s stock valued at $32,000 after acquiring an additional 69 shares during the last quarter. Enlightenment Research LLC bought a new position in Watsco in the fourth quarter valued at about $42,000. AdvisorNet Financial Inc bought a new position in Watsco in the fourth quarter valued at about $47,000. Washington Trust Bank boosted its holdings 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 last quarter. Finally, Taylor Hoffman Wealth Management bought a new position in Watsco in the fourth quarter valued at about $66,000. Institutional investors own 78.74% of the company’s stock.

Separately, Zacks Investment Research upgraded 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, nine have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $176.00.

NYSE:WSO opened at $151.33 on Monday. Watsco Inc has a fifty-two week low of $131.88 and a fifty-two week 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 stock has a market cap of $5.68 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.80 and a beta of 0.94.

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 Zacks’ 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 firm had revenue of $991.32 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $1.19 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts expect that Watsco Inc will post 6.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Friday, April 12th. Watsco’s dividend payout ratio 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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