Eagle Global Advisors LLC Has $259,000 Stock Holdings in Watsco, Inc. $WSO

Eagle Global Advisors LLC trimmed its stake in shares of Watsco, Inc. (NYSE:WSO) by 4.2% in the second quarter, Holdings Channel.com reports. The firm owned 586 shares of the construction company’s stock after selling 26 shares during the quarter. Eagle Global Advisors LLC’s holdings in Watsco were worth $259,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WSO. Toronto Dominion Bank increased its position in Watsco by 6.9% during the 4th quarter. Toronto Dominion Bank now owns 4,552 shares of the construction company’s stock worth $2,157,000 after purchasing an additional 294 shares in the last quarter. GAMMA Investing LLC increased its position in Watsco by 89,376.0% during the 1st quarter. GAMMA Investing LLC now owns 477,802 shares of the construction company’s stock worth $242,867,000 after purchasing an additional 477,268 shares in the last quarter. American National Bank & Trust increased its position in Watsco by 4.5% during the 1st quarter. American National Bank & Trust now owns 2,487 shares of the construction company’s stock worth $1,264,000 after purchasing an additional 107 shares in the last quarter. NBC Securities Inc. increased its position in Watsco by 112,500.0% during the 1st quarter. NBC Securities Inc. now owns 1,126 shares of the construction company’s stock worth $572,000 after purchasing an additional 1,125 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its position in Watsco by 260.0% during the 1st quarter. ST Germain D J Co. Inc. now owns 72 shares of the construction company’s stock worth $37,000 after purchasing an additional 52 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Watsco Price Performance

Shares of WSO stock opened at $398.08 on Friday. Watsco, Inc. has a one year low of $378.35 and a one year high of $571.41. The firm has a 50-day moving average of $417.95 and a 200-day moving average of $452.30. The company has a market cap of $16.14 billion, a P/E ratio of 30.53 and a beta of 0.95.

Watsco (NYSE:WSO) last posted its earnings results on Wednesday, July 30th. The construction company reported $4.52 earnings per share for the quarter, missing the consensus estimate of $4.84 by ($0.32). The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Watsco had a return on equity of 16.96% and a net margin of 7.08%.Watsco’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.49 EPS. As a group, research analysts expect that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th were issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, July 16th. Watsco’s payout ratio is presently 92.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WSO shares. Morgan Stanley set a $505.00 price objective on shares of Watsco in a research report on Wednesday, July 2nd. UBS Group reduced their price objective on shares of Watsco from $450.00 to $425.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $480.00.

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.