Everpar Advisors LLC Purchases Shares of 1,818 Watsco, Inc. (NYSE:WSO)

Everpar Advisors LLC purchased a new stake in Watsco, Inc. (NYSE:WSO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,818 shares of the construction company’s stock, valued at approximately $779,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WSO. Wetzel Investment Advisors Inc. bought a new stake in shares of Watsco in the 4th quarter worth about $25,000. Contravisory Investment Management Inc. bought a new stake in shares of Watsco in the 4th quarter worth about $26,000. Rise Advisors LLC bought a new stake in shares of Watsco in the 4th quarter worth about $30,000. BKM Wealth Management LLC bought a new stake in shares of Watsco in the 4th quarter worth about $32,000. Finally, Hartford Financial Management Inc. grew its holdings in shares of Watsco by 53.1% in the 4th 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. Institutional investors own 89.71% of the company’s stock.

Analysts Set New Price Targets

WSO has been the topic of several analyst reports. Stephens reaffirmed an “overweight” rating and issued a $500.00 target price on shares of Watsco in a report on Thursday, April 25th. Robert W. Baird boosted their target price on shares of Watsco from $420.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $404.25.

Watsco Trading Down 0.9 %

Watsco stock traded down $4.39 during trading hours on Tuesday, reaching $467.96. 458,850 shares of the company’s stock traded hands, compared to its average volume of 344,665. The firm has a market capitalization of $18.48 billion, a price-to-earnings ratio of 36.35 and a beta of 0.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.92. Watsco, Inc. has a fifty-two week low of $315.17 and a fifty-two week high of $480.18. The firm’s 50 day moving average is $421.34 and its 200-day moving average is $403.06.

Watsco (NYSE:WSO) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.09). Watsco had a net margin of 7.03% and a return on equity of 19.26%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the company earned $2.83 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Watsco, Inc. will post 14.26 earnings per share for the current year.

Watsco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were paid a dividend of $2.70 per share. The ex-dividend date was Friday, April 12th. This is a boost from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.31%. Watsco’s payout ratio is 83.08%.

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.