Neuberger Berman Group LLC increased its position in shares of Watsco Inc (NYSE:WSO) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 894,988 shares of the construction company’s stock after purchasing an additional 4,686 shares during the period. Neuberger Berman Group LLC owned approximately 2.33% of Watsco worth $158,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WSO. Rockefeller Capital Management L.P. bought a new position in Watsco during the 1st quarter worth $42,000. FinTrust Capital Advisors LLC acquired a new stake in Watsco in the 1st quarter worth about $51,000. Tower Research Capital LLC TRC bought a new stake in Watsco in the 1st quarter valued at about $61,000. Pinz Capital Management LP acquired a new position in shares of Watsco during the 1st quarter worth approximately $63,000. Finally, Signaturefd LLC increased its holdings in shares of Watsco by 99.5% during the second quarter. Signaturefd LLC now owns 375 shares of the construction company’s stock worth $67,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.

A number of brokerages recently issued reports on WSO. Seaport Global Securities reissued a “neutral” rating on shares of Watsco in a research report on Monday, July 27th. Morgan Stanley raised their price target on Watsco from $146.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of Watsco from $127.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 23rd. Vertical Research lowered shares of Watsco from a “hold” rating to a “sell” rating in a report on Wednesday, August 12th. Finally, Zacks Investment Research upgraded shares of Watsco from a “hold” rating to a “strong-buy” rating and set a $260.00 price target on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Watsco has an average rating of “Hold” and a consensus price target of $183.83.

In other news, Director George Sape sold 9,667 shares of Watsco stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $235.25, for a total transaction of $2,274,161.75. Following the sale, the director now directly owns 7,471 shares of the company’s stock, valued at $1,757,552.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.15% of the stock is currently owned by company insiders.

Watsco stock traded down $1.19 during mid-day trading on Wednesday, reaching $235.06. The company had a trading volume of 6,375 shares, compared to its average volume of 262,808. The business has a fifty day simple moving average of $238.59 and a 200 day simple moving average of $186.36. The company has a market cap of $9.08 billion, a P/E ratio of 38.73 and a beta of 0.78. Watsco Inc has a fifty-two week low of $132.97 and a fifty-two week high of $249.30. The company has a current ratio of 2.55, a quick ratio of 1.22 and a debt-to-equity ratio of 0.02.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $2.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.38. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Watsco had a return on equity of 13.38% and a net margin of 4.77%. Watsco’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.40 EPS. Research analysts forecast that Watsco Inc will post 6.39 EPS for the current year.

Watsco Profile

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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