Watsco Inc (WSO) Holdings Cut by Bath Savings Trust Co

Bath Savings Trust Co trimmed its position in shares of Watsco Inc (NYSE:WSO) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,208 shares of the construction company’s stock after selling 400 shares during the period. Bath Savings Trust Co owned about 0.08% of Watsco worth $4,040,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of WSO. Roubaix Capital LLC bought a new position in shares of Watsco during the 1st quarter worth approximately $2,338,000. Donaldson Capital Management LLC raised its stake in shares of Watsco by 7.1% during the 1st quarter. Donaldson Capital Management LLC now owns 1,745 shares of the construction company’s stock worth $250,000 after acquiring an additional 115 shares in the last quarter. Park National Corp OH raised its stake in shares of Watsco by 14.9% during the 1st quarter. Park National Corp OH now owns 1,915 shares of the construction company’s stock worth $274,000 after acquiring an additional 249 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Watsco by 187.0% during the 4th quarter. Deutsche Bank AG now owns 112,319 shares of the construction company’s stock worth $15,625,000 after acquiring an additional 73,182 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Watsco by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 328,294 shares of the construction company’s stock worth $45,783,000 after acquiring an additional 22,758 shares in the last quarter. Institutional investors own 78.74% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Watsco from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Watsco currently has an average rating of “Hold” and a consensus target price of $174.71.

Shares of Watsco stock opened at $160.00 on Thursday. 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 Inc has a 12-month low of $131.88 and a 12-month high of $191.86. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 1.80 and a beta of 0.94.

Watsco (NYSE:WSO) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $0.88 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.88. Watsco had a net margin of 5.04% and a return on equity of 14.29%. The business had revenue of $931.30 million for the quarter, compared to analyst estimates of $942.05 million. During the same quarter in the prior year, the business posted $0.89 EPS. Watsco’s revenue for the quarter was up .5% compared to the same quarter last year. Research analysts forecast that Watsco Inc will post 6.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $1.60 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.00%. Watsco’s payout ratio is currently 98.61%.

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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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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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