5,109 Watsco, Inc. $WSO Shares Sold by Mather Group LLC.

Mather Group LLC. trimmed its holdings in shares of Watsco, Inc. (NYSE:WSO) by 95.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 231 shares of the construction company’s stock after selling 5,109 shares during the quarter. Mather Group LLC.’s holdings in Watsco were worth $70,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Caledonia Investments PLC boosted its stake in shares of Watsco by 12.2% during the 3rd quarter. Caledonia Investments PLC now owns 261,439 shares of the construction company’s stock worth $79,072,000 after acquiring an additional 28,512 shares during the last quarter. GK Wealth Management LLC bought a new stake in shares of Watsco during the 3rd quarter valued at $63,000. GAMMA Investing LLC grew its position in shares of Watsco by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,355 shares of the construction company’s stock valued at $1,016,000 after acquiring an additional 1,404 shares during the period. Fenimore Asset Management Inc increased its stake in shares of Watsco by 18.8% in the 3rd quarter. Fenimore Asset Management Inc now owns 95,325 shares of the construction company’s stock worth $28,854,000 after purchasing an additional 15,108 shares in the last quarter. Finally, Everhart Financial Group Inc. purchased a new stake in shares of Watsco in the 3rd quarter worth $255,000. 89.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Mizuho decreased their target price on Watsco from $350.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. Robert W. Baird set a $400.00 price target on Watsco in a report on Thursday, July 30th. DA Davidson cut their price target on Watsco from $385.00 to $330.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Morgan Stanley reduced their price target on Watsco from $370.00 to $330.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Finally, Stephens restated an “overweight” rating and issued a $485.00 price target on shares of Watsco in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Watsco currently has a consensus rating of “Hold” and a consensus target price of $373.62.

Watsco Price Performance

NYSE:WSO opened at $305.52 on Thursday. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 26.50 and a beta of 1.06. Watsco, Inc. has a 1 year low of $277.34 and a 1 year high of $459.00. The stock’s 50 day simple moving average is $306.66 and its two-hundred day simple moving average is $359.00.

Watsco (NYSE:WSO) last posted its earnings results on Wednesday, July 29th. The construction company reported $4.00 earnings per share for the quarter, missing analysts’ consensus estimates of $4.41 by ($0.41). Watsco had a return on equity of 14.40% and a net margin of 6.53%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm earned $4.52 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts anticipate that Watsco, Inc. will post 12.19 EPS for the current year.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, October 16th. Watsco’s dividend payout ratio (DPR) is presently 114.48%.

Watsco Company Profile

Watsco, Inc (NYSE: WSO) is a distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment and related products. The company supplies residential and light commercial air-conditioning and heating systems, refrigeration equipment, replacement parts, and other supplies used by contractors and service professionals.

Watsco distributes products from leading HVAC/R manufacturers, including equipment and components such as air conditioners, heat pumps, furnaces, air handlers, thermostats, controls, motors and indoor air-quality products.