Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Watsco, Inc. (NYSE:WSO) by 180.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,615 shares of the construction company’s stock after purchasing an additional 7,470 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Watsco were worth $1,871,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Winslow Evans & Crocker Inc. raised its stake in shares of Watsco by 300.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 800 shares of the construction company’s stock worth $123,000 after buying an additional 600 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in shares of Watsco during the 2nd quarter worth approximately $125,000. Public Employees Retirement Association of Colorado raised its stake in shares of Watsco by 15.7% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 952 shares of the construction company’s stock worth $147,000 after buying an additional 129 shares during the period. Creative Planning raised its stake in shares of Watsco by 6.1% during the 2nd quarter. Creative Planning now owns 1,039 shares of the construction company’s stock worth $160,000 after buying an additional 60 shares during the period. Finally, Dudley & Shanley LLC acquired a new position in shares of Watsco during the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 81.34% of the company’s stock.

Watsco (NYSE:WSO) last posted its earnings results on Wednesday, October 25th. The construction company reported $1.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.13). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Watsco had a return on equity of 15.00% and a net margin of 4.46%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were given a dividend of $1.25 per share. The ex-dividend date was Friday, October 13th. This represents a $5.00 dividend on an annualized basis and a yield of 3.00%. Watsco’s payout ratio is 92.42%.

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Several research analysts have recently weighed in on WSO shares. Robert W. Baird reaffirmed a “buy” rating and set a $163.00 target price on shares of Watsco in a research note on Friday, September 1st. BidaskClub downgraded Watsco from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded Watsco from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $154.00 target price on shares of Watsco in a research note on Thursday, September 7th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $141.00 target price (up from $139.00) on shares of Watsco in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $160.40.

Watsco Company Profile

Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.

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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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