Shaker Investments LLC OH Cuts Position in Watsco, Inc. (NYSE:WSO)

Shaker Investments LLC OH lessened its position in Watsco, Inc. (NYSE:WSO) by 59.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,059 shares of the construction company’s stock after selling 4,512 shares during the quarter. Shaker Investments LLC OH’s holdings in Watsco were worth $1,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Watsco by 10.6% during the 3rd quarter. FMR LLC now owns 3,624,159 shares of the construction company’s stock valued at $1,782,651,000 after buying an additional 346,470 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Watsco by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,252,822 shares of the construction company’s stock worth $616,357,000 after acquiring an additional 62,041 shares in the last quarter. State Street Corp lifted its holdings in shares of Watsco by 5.9% in the 3rd quarter. State Street Corp now owns 1,173,762 shares of the construction company’s stock worth $577,350,000 after acquiring an additional 65,846 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Watsco by 9.9% in the 3rd quarter. Geode Capital Management LLC now owns 704,330 shares of the construction company’s stock valued at $345,783,000 after purchasing an additional 63,254 shares in the last quarter. Finally, Markel Group Inc. grew its holdings in shares of Watsco by 2.0% during the 3rd quarter. Markel Group Inc. now owns 582,500 shares of the construction company’s stock valued at $286,520,000 after purchasing an additional 11,250 shares during the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Insider Activity

In related news, EVP Barry S. Logan sold 10,998 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.86% of the company’s stock.

Watsco Stock Up 0.7 %

Shares of WSO opened at $468.16 on Tuesday. Watsco, Inc. has a 52 week low of $373.33 and a 52 week high of $571.41. The stock has a market cap of $18.90 billion, a P/E ratio of 36.18 and a beta of 0.95. The business’s 50 day moving average price is $489.99 and its 200-day moving average price is $491.64.

Watsco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $2.70 dividend. The ex-dividend date was Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.31%. Watsco’s dividend payout ratio is currently 83.46%.

Wall Street Analyst Weigh In

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

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.