Diversify Advisory Services LLC Has $239,000 Position in Watsco, Inc. (NYSE:WSO)

Diversify Advisory Services LLC cut its holdings in Watsco, Inc. (NYSE:WSO) by 27.1% in the third quarter, Holdings Channel.com reports. The fund owned 494 shares of the construction company’s stock after selling 184 shares during the quarter. Diversify Advisory Services LLC’s holdings in Watsco were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Watsco by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 3,411,894 shares of the construction company’s stock valued at $1,473,836,000 after purchasing an additional 146,305 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Watsco by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 801,152 shares of the construction company’s stock worth $371,126,000 after acquiring an additional 9,141 shares in the last quarter. Markel Group Inc. raised its stake in shares of Watsco by 0.9% in the 2nd quarter. Markel Group Inc. now owns 571,250 shares of the construction company’s stock valued at $264,626,000 after acquiring an additional 5,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Watsco by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 393,032 shares of the construction company’s stock worth $182,068,000 after purchasing an additional 6,320 shares during the last quarter. Finally, Motley Fool Asset Management LLC boosted its position in Watsco by 263.6% during the first quarter. Motley Fool Asset Management LLC now owns 320,008 shares of the construction company’s stock worth $138,234,000 after purchasing an additional 231,987 shares during the period. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WSO has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on Watsco from $420.00 to $425.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st.

Watsco Price Performance

Shares of WSO stock opened at $474.05 on Friday. The stock’s fifty day moving average is $481.62 and its 200-day moving average is $475.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.65 and a current ratio of 3.36. Watsco, Inc. has a 52 week low of $359.59 and a 52 week high of $520.41. The stock has a market capitalization of $19.12 billion, a PE ratio of 36.63 and a beta of 0.88.

Watsco (NYSE:WSO) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $4.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.73 by ($0.51). The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.24 billion. Watsco had a return on equity of 17.77% and a net margin of 6.99%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.35 EPS. Equities research analysts expect that Watsco, Inc. will post 13.43 EPS for the current fiscal year.

Watsco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Wednesday, October 16th. Watsco’s dividend payout ratio is currently 83.46%.

Watsco Profile

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 residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.