Shares of Watsco Inc. (NYSE:WSO) fell 2.2% during trading on Thursday . The stock traded as low as $140.62 and last traded at $140.69, with a volume of 99,768 shares trading hands. The stock had previously closed at $143.88.

Several brokerages recently commented on WSO. Zacks Investment Research cut shares of Watsco from a “hold” rating to a “sell” rating in a research note on Friday. SunTrust Banks Inc. cut shares of Watsco from a “buy” rating to a “neutral” rating and set a $136.00 price objective for the company. in a research note on Monday, April 25th. They noted that the move was a valuation call. Stifel Nicolaus downgraded shares of Watsco from a “buy” rating to a “neutral” rating in a report on Monday, April 25th. Seaport Global Securities raised their target price on shares of Watsco from $135.00 to $150.00 and gave the company an “accumulate” rating in a report on Thursday, April 21st. Finally, Robert W. Baird restated a “buy” rating and set a $144.00 target price (up from $136.00) on shares of Watsco in a report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $136.30.

The company has a 50 day moving average price of $135.55 and a 200 day moving average price of $127.96. The stock has a market capitalization of $4.58 billion and a price-to-earnings ratio of 28.38.

Watsco (NYSE:WSO) last released 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. The firm had revenue of $851 million for the quarter, compared to analyst estimates of $845.52 million. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 EPS. Analysts predict that Watsco Inc. will post $5.49 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be given a dividend of $0.85 per share. The ex-dividend date is Wednesday, July 13th. This represents a $3.40 annualized dividend and a dividend yield of 2.41%.

Other institutional investors have recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. raised its position in Watsco by 5.9% in the fourth quarter. Levin Capital Strategies L.P. now owns 9,000 shares of the company’s stock valued at $1,054,000 after buying an additional 500 shares in the last quarter. US Bancorp DE raised its position in Watsco by 3.6% in the fourth quarter. US Bancorp DE now owns 10,340 shares of the company’s stock valued at $1,210,000 after buying an additional 363 shares in the last quarter. Trexquant Investment LP purchased a new position in Watsco during the fourth quarter valued at approximately $1,349,000. Liberty Mutual Group Asset Management Inc. raised its position in 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 in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in 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 in the last quarter.

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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