EULAV Asset Management Has $26.49 Million Position in Watsco, Inc. (NYSE:WSO)

EULAV Asset Management boosted its holdings in shares of Watsco, Inc. (NYSE:WSO) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,900 shares of the construction company’s stock after acquiring an additional 7,000 shares during the quarter. EULAV Asset Management owned approximately 0.14% of Watsco worth $26,490,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. J. W. Coons Advisors LLC lifted its stake in shares of Watsco by 0.7% in the 3rd quarter. J. W. Coons Advisors LLC now owns 2,999 shares of the construction company’s stock valued at $1,475,000 after purchasing an additional 20 shares during the last quarter. My Legacy Advisors LLC raised its holdings in Watsco by 3.2% during the fourth quarter. My Legacy Advisors LLC now owns 687 shares of the construction company’s stock valued at $329,000 after buying an additional 21 shares in the last quarter. Centennial Wealth Advisory LLC lifted its position in shares of Watsco by 3.0% in the fourth quarter. Centennial Wealth Advisory LLC now owns 754 shares of the construction company’s stock worth $358,000 after buying an additional 22 shares during the last quarter. CWM LLC boosted its stake in shares of Watsco by 2.6% during the 3rd quarter. CWM LLC now owns 952 shares of the construction company’s stock worth $468,000 after acquiring an additional 24 shares in the last quarter. Finally, MCF Advisors LLC increased its holdings in shares of Watsco by 27.8% during the 3rd quarter. MCF Advisors LLC now owns 115 shares of the construction company’s stock valued at $57,000 after acquiring an additional 25 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Watsco

In other news, EVP Barry S. Logan sold 10,998 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total transaction of $5,589,293.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.86% of the company’s stock.

Analysts Set New Price Targets

WSO has been the subject of several analyst reports. Northcoast Research started coverage on Watsco in a report on Friday, November 22nd. They issued a “neutral” rating for the company. Robert W. Baird reduced their price objective on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Raymond James began coverage on shares of Watsco in a research note on Friday, January 17th. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Watsco currently has an average rating of “Hold” and an average target price of $488.33.

Watsco Stock Down 1.8 %

Shares of NYSE WSO opened at $464.98 on Friday. Watsco, Inc. has a 12 month low of $373.33 and a 12 month high of $571.41. The company has a market cap of $18.78 billion, a P/E ratio of 35.93 and a beta of 0.95. The business’s 50 day moving average is $491.50 and its two-hundred day moving average is $491.80.

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were given a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, January 17th. Watsco’s dividend payout ratio (DPR) 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.