The Handelsinvest Investeringsforvaltning Invests $6.94 Million in Watsco, Inc. (WSO)

Bruno Cirelli
Agosto 2, 2017

According to Zacks, "Watsco's top and bottom lines registered year-over-year growth in second-quarter 2017". LS Investment Advisors LLC's holdings in Watsco were worth $376,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WSO. Tudor Investment Corp Et Al acquired a new stake in shares of Watsco during the fourth quarter valued at about $264,000. State Street Corp now owns 748,542 shares of the construction company's stock worth $107,170,000 after buying an additional 80,199 shares during the last quarter. UBS Group AG raised its position in Watsco by 67.0% in the first quarter. FMR LLC now owns 924,472 shares of the construction company's stock worth $132,366,000 after buying an additional 47,626 shares during the last quarter. Cambridge Trust Co. now owns 49,147 shares of the construction company's stock valued at $7,578,000 after buying an additional 243 shares in the last quarter. Bank of Montreal Can now owns 2,867 shares of the construction company's stock valued at $442,000 after buying an additional 22 shares during the period.

More recent Watsco Inc (NYSE:WSO) news were published by: Gurufocus.com which released: "Caledonia Investments Plc Buys Watsco Inc" on July 11, 2017. Finally, Flinton Capital Management LLC raised its position in shares of Watsco by 9.1% in the first quarter. Teachers Advisors LLC now owns 41,644 shares of the construction company's stock valued at $6,168,000 after buying an additional 15,779 shares during the last quarter.

Watsco, Inc. has a 52-week low of $128.60 and a 52-week high of $159.55. (NYSE WSO) opened at 150.06 on Friday. The company's stock had a trading volume of 160,964 shares. The stock has a market capitalization of $4.92 billion, a PE ratio of 27.832 and a beta of 0.83. The firm has a 50 day moving average price of $151.91 and a 200-day moving average price of $146.98.

Watsco (NYSE:WSO) last posted its earnings results on Tuesday, July 25th. The construction company reported $2.07 EPS for the quarter, topping the Zacks' consensus estimate of $2.02 by $0.05. Watsco had a net margin of 4.29% and a return on equity of 14.52%. Company's for the quarter end, revenue was upwards of 5.1% compared with the same period in the prior year. for the same period in the prior fiscal year, the public company disclosed $1.82 EPS. During the same period in the previous year, the business posted $1.82 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter past year. Analysts predict that Watsco, Inc. will post $5.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 3.31%. Watsco is anticipated to benefit in the third quarter from the Russell Sigler acquisition. The ex-dividend date is Thursday, July 13th. Voloridge Investment Management Ltd Co stated it has 0.04% in Watsco Inc (NYSE:WSO). "(WSO)" was published by Stock Observer and is the property of of Stock Observer. If you are reading this story on another publication, it was illegally stolen and republished in violation of U.S. & global trademark and copyright law.

WSO has been the topic of several other research reports. BidaskClub upgraded shares of Watsco from a "hold" rating to a "buy" rating in a research note on Friday, June 23rd. Lastly, Wolfe analysis initiated coverage on Watsco in a study report on early Tue, Jul 11th. They set a "market perform" rating on the stock. Zacks Investment Research raised Watsco from a "hold" rating to a "buy" rating and set a $173.00 price objective for the company in a research report on Tuesday, June 27th. Stifel Nicolaus lifted their price target on Watsco from $152.00 to $163.00 and gave the company a "buy" rating in a research report on Wednesday, April 26th. Morgan Stanley reaffirmed an "underweight" rating and set a $141.00 target price (up previously from $139.00) on shares of Watsco in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of "Hold" and a consensus target price of $163.20.

Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.

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