76 Shares in Watsco, Inc. (NYSE:WSO) Bought by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. purchased a new stake in shares of Watsco, Inc. (NYSE:WSO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 76 shares of the construction company’s stock, valued at approximately $36,000.

Several other hedge funds have also bought and sold shares of WSO. Kestra Private Wealth Services LLC lifted its position in shares of Watsco by 37.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,337 shares of the construction company’s stock valued at $634,000 after buying an additional 364 shares in the last quarter. Entropy Technologies LP bought a new stake in Watsco during the 4th quarter worth approximately $643,000. Empowered Funds LLC lifted its holdings in Watsco by 13.2% during the fourth quarter. Empowered Funds LLC now owns 5,695 shares of the construction company’s stock valued at $2,699,000 after purchasing an additional 664 shares in the last quarter. EULAV Asset Management boosted its position in shares of Watsco by 14.3% in the fourth quarter. EULAV Asset Management now owns 55,900 shares of the construction company’s stock worth $26,490,000 after purchasing an additional 7,000 shares during the period. Finally, Harvey Investment Co. LLC increased its stake in shares of Watsco by 1.1% in the fourth quarter. Harvey Investment Co. LLC now owns 2,715 shares of the construction company’s stock worth $1,287,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 89.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in 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 on the stock. Northcoast Research assumed coverage on Watsco in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Finally, Robert W. Baird dropped their price objective on Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Watsco presently has an average rating of “Hold” and a consensus target price of $488.33.

Watsco Stock Performance

Shares of NYSE:WSO opened at $471.99 on Wednesday. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 36.48 and a beta of 0.95. The firm has a fifty day moving average price of $488.57 and a 200 day moving average price of $491.37. Watsco, Inc. has a fifty-two week low of $373.33 and a fifty-two week high of $571.41.

Watsco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a dividend of $2.70 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.29%. Watsco’s payout ratio is 83.46%.

Insider Activity

In other news, EVP Barry S. Logan sold 10,998 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.86% of the company’s stock.

About Watsco

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.