190 Shares in Watsco, Inc. (NYSE:WSO) Purchased by R Squared Ltd

R Squared Ltd purchased a new stake in Watsco, Inc. (NYSE:WSO) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 190 shares of the construction company’s stock, valued at approximately $90,000.

Several other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank lifted its position in shares of Watsco by 32.2% in the third quarter. Toronto Dominion Bank now owns 4,258 shares of the construction company’s stock valued at $2,094,000 after acquiring an additional 1,038 shares in the last quarter. Citizens Financial Group Inc. RI lifted its holdings in Watsco by 40.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,217 shares of the construction company’s stock valued at $1,582,000 after purchasing an additional 929 shares in the last quarter. Larson Financial Group LLC boosted its stake in Watsco by 3,571.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,138 shares of the construction company’s stock worth $560,000 after purchasing an additional 1,107 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Watsco by 1.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 64,758 shares of the construction company’s stock worth $31,853,000 after buying an additional 1,074 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Watsco by 5.6% in the third quarter. Franklin Resources Inc. now owns 51,590 shares of the construction company’s stock valued at $25,645,000 after buying an additional 2,738 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, EVP Barry S. Logan sold 10,998 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $508.21, for a total value of $5,589,293.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.86% of the stock is owned by insiders.

Watsco Price Performance

NYSE:WSO opened at $483.62 on Friday. The company’s 50-day moving average is $501.33 and its two-hundred day moving average is $492.98. Watsco, Inc. has a 1-year low of $373.33 and a 1-year high of $571.41. The firm has a market capitalization of $19.53 billion, a price-to-earnings ratio of 37.37 and a beta of 0.95.

Watsco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $2.70 dividend. This represents a $10.80 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, January 17th. Watsco’s dividend payout ratio is presently 83.46%.

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.