Headlands Technologies LLC Has $532,000 Stake in Watsco, Inc. (NYSE:WSO)

Headlands Technologies LLC decreased its position in Watsco, Inc. (NYSE:WSO) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,242 shares of the construction company’s stock after selling 197 shares during the quarter. Headlands Technologies LLC’s holdings in Watsco were worth $532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hartford Financial Management Inc. lifted its stake in Watsco by 53.1% during the fourth quarter. Hartford Financial Management Inc. now owns 75 shares of the construction company’s stock worth $32,000 after purchasing an additional 26 shares during the last quarter. Advisor OS LLC lifted its stake in shares of Watsco by 1.1% in the 3rd quarter. Advisor OS LLC now owns 2,693 shares of the construction company’s stock valued at $1,017,000 after acquiring an additional 28 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Watsco by 35.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 108 shares of the construction company’s stock valued at $41,000 after acquiring an additional 28 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Watsco by 53.8% in the 4th quarter. Lindbrook Capital LLC now owns 80 shares of the construction company’s stock valued at $34,000 after acquiring an additional 28 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Watsco by 44.1% in the 4th quarter. Allworth Financial LP now owns 98 shares of the construction company’s stock valued at $42,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Price Performance

Shares of WSO traded down $0.79 during mid-day trading on Friday, reaching $443.21. 277,114 shares of the stock traded hands, compared to its average volume of 313,812. The firm has a fifty day moving average price of $412.36 and a 200 day moving average price of $399.76. The company has a market cap of $17.51 billion, a price-to-earnings ratio of 34.09 and a beta of 0.90. The company has a current ratio of 2.92, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01. Watsco, Inc. has a 1 year low of $315.17 and a 1 year high of $451.29.

Watsco (NYSE:WSO) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.09). The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.59 billion. Watsco had a return on equity of 19.26% and a net margin of 7.03%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.83 earnings per share. As a group, equities research analysts predict that Watsco, Inc. will post 14.19 earnings per share for the current year.

Watsco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $2.70 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $10.80 annualized dividend and a dividend yield of 2.44%. This is a boost from Watsco’s previous quarterly dividend of $2.45. Watsco’s payout ratio is currently 83.08%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Robert W. Baird increased their price target on Watsco from $420.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday. Stephens restated an “overweight” rating and issued a $500.00 price objective on shares of Watsco in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $404.25.

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.