Watsco, Inc. (NYSE:WSO) Shares Bought by Saturna Capital Corp

Saturna Capital Corp lifted its stake in Watsco, Inc. (NYSE:WSO) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,979 shares of the construction company’s stock after acquiring an additional 89 shares during the period. Saturna Capital Corp’s holdings in Watsco were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in WSO. International Assets Investment Management LLC lifted its stake in shares of Watsco by 48,984.7% in the 3rd quarter. International Assets Investment Management LLC now owns 233,643 shares of the construction company’s stock worth $114,924,000 after acquiring an additional 233,167 shares during the period. Swedbank AB acquired a new stake in shares of Watsco in the 1st quarter worth approximately $90,714,000. 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 worth $1,473,836,000 after acquiring an additional 146,305 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Watsco by 225.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 38,830 shares of the construction company’s stock worth $16,610,000 after acquiring an additional 26,911 shares during the period. Finally, Interval Partners LP acquired a new stake in shares of Watsco in the 2nd quarter worth approximately $11,740,000. 89.71% of the stock is owned by institutional investors and hedge funds.

Watsco Price Performance

NYSE WSO opened at $533.36 on Wednesday. The company’s 50 day simple moving average is $487.73 and its 200 day simple moving average is $480.99. Watsco, Inc. has a 12 month low of $372.63 and a 12 month high of $540.23. The company has a market capitalization of $21.54 billion, a P/E ratio of 41.22 and a beta of 0.88.

Watsco (NYSE:WSO) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $4.22 EPS for the quarter, missing the consensus estimate of $4.73 by ($0.51). The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Watsco had a net margin of 6.99% and a return on equity of 17.77%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $4.35 EPS. On average, analysts anticipate that Watsco, Inc. will post 13.2 earnings per share for the current year.

Watsco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a $2.70 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $10.80 annualized dividend and a dividend yield of 2.02%. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

Wall Street Analysts Forecast Growth

WSO has been the topic of a number of 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 report on Wednesday, July 31st. Robert W. Baird dropped their target price on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th.

Watsco Company 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.