Watsco, Inc. (NYSE:WSO) Shares bought by Axa SA

Axa SA increased its stake in Watsco, Inc. (NYSE:WSO – Free Report) by 33.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,894 shares of the construction company’s stock after acquiring an additional 8,775 shares during the quarter. Axa SA’s holdings in Watsco were worth $16,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have recently modified their holdings of the company. Jennison Associates LLC boosted its stake in Watsco by 50.9% in the first quarter. Jennison Associates LLC now owns 185,633 shares of the construction company’s stock valued at $80,188,000 after purchasing an additional 62,593 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Watsco by 12.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 255,062 shares of the construction company’s stock valued at $109,287,000 after purchasing an additional 28,047 shares in the last quarter. American National Bank raised its position in Watsco by 878.1% in the first quarter. American National Bank now owns 2,416 shares of the construction company’s stock worth $1,044,000 after buying an additional 2,169 shares in the last quarter. First Trust Advisors LP grew its position in Watsco by 2.0% during the 4th quarter. First Trust Advisors LP now owns 310,787 shares of the construction company’s stock worth $133,163,000 after buying an additional 5,949 shares during the period. shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Watsco in the 1st quarter worth about $822,000. Institutional investors and hedge funds own 89.71% of the company’s shares.

Watsco Stock Performance

Shares of Watsco opened at $495.98 on Friday. The stock has a market cap of $19.99 billion, a P/E ratio of 38.15 and a beta of 0.88. The company has a current ratio of 3.21, a quick ratio of 1.55, and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $478.15 and a 200-day moving average of $464.56. Watsco, Inc. it has a 52-week low of $338.58 and a 52-week high of $520.41.

Watsco (NYSE:WSO – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $4.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.70 by ($0.21). The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. Watsco had a net margin of 7.02% and a return on equity of 18.55%. The company’s revenue was up 5.0% year over year. In the same period last year, the company posted earnings per share of $4.42. On average, analysts expect that Watsco, Inc. to record 13.83 EPS for the current fiscal year.

Watsco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th were given a dividend of $2.70 per share. This represents an annualized dividend of $10.80 and a dividend yield of 2.18%. The ex-dividend date was Tuesday, July 16th. Watsco’s dividend payout ratio is currently 83.08%.

Analyst upgrades and downgrades

WSO has been the subject of a number of analyst research reports. JPMorgan Chase & Co. boosted their target price on shares of Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Robert W. Baird upped their target price on shares of Watsco from $460.00 to $522.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $469.80, according to MarketBeat.

Check out our latest report on WSO

Watsco profile

(Free Report)

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment and related parts and supplies in the United States and internationally. The company distributes equipment including ducted and ductless residential air conditioners such as gas, electric and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

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