Watsco Inc. (NYSE:WSO) reached a new 52-week high during trading on Wednesday . The company traded as high as $144.69 and last traded at $143.91, with a volume of 96,479 shares trading hands. The stock had previously closed at $143.78.

A number of research firms have issued reports on WSO. Stifel Nicolaus cut shares of Watsco from a “buy” rating to a “neutral” rating in a report on Monday, April 25th. SunTrust Banks Inc. cut shares of Watsco from a “buy” rating to a “neutral” rating and set a $136.00 price target for the company. in a report on Monday, April 25th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Watsco from a “buy” rating to a “hold” rating in a report on Friday, April 22nd. Seaport Global Securities raised their price target on shares of Watsco from $135.00 to $150.00 and gave the stock an “accumulate” rating in a report on Thursday, April 21st. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $144.00 price target (up previously from $136.00) on shares of Watsco in a report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Watsco presently has an average rating of “Hold” and a consensus target price of $136.30.

The stock has a market cap of $4.53 billion and a P/E ratio of 28.07. The company’s 50 day moving average is $135.21 and its 200-day moving average is $127.79.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Wednesday, April 20th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by $0.02. During the same period in the previous year, the business earned $0.65 EPS. The business had revenue of $851 million for the quarter, compared to the consensus estimate of $845.52 million. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts expect that Watsco Inc. will post $5.49 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, July 13th.

Several hedge funds and institutional investors recently modified their holdings of WSO. Bank of Montreal Can boosted its position in shares of Watsco by 1.2% in the fourth quarter. Bank of Montreal Can now owns 125,383 shares of the company’s stock valued at $14,686,000 after buying an additional 1,488 shares during the last quarter. Howland Capital Management LLC boosted its position in shares of Watsco by 2.8% in the fourth quarter. Howland Capital Management LLC now owns 149,756 shares of the company’s stock valued at $17,541,000 after buying an additional 4,010 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Watsco by 3.1% in the fourth quarter. Mutual of America Capital Management LLC now owns 17,650 shares of the company’s stock valued at $2,067,000 after buying an additional 531 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Watsco by 40.8% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 15,416 shares of the company’s stock valued at $1,806,000 after buying an additional 4,470 shares during the last quarter. Finally, OppenheimerFunds Inc. bought a new position in shares of Watsco during the fourth quarter valued at about $16,948,000.

Watsco, Inc (Watsco) is a distributor of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. It has market coverage on an export basis to Latin America and the Caribbean, through which it serves more than 50,000 contractors and dealers that service the replacement and new construction markets.

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