Crossmark Global Holdings Inc. bought a new position in Watsco, Inc. (NYSE:WSO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,909 shares of the construction company’s stock, valued at approximately $630,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Watsco by 1.4% in the second quarter. Vanguard Group Inc. now owns 2,489,042 shares of the construction company’s stock worth $383,810,000 after acquiring an additional 34,943 shares during the last quarter. FMR LLC raised its stake in shares of Watsco by 10.7% in the second quarter. FMR LLC now owns 1,023,513 shares of the construction company’s stock worth $157,826,000 after acquiring an additional 99,041 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Watsco by 54.7% in the second quarter. Ameriprise Financial Inc. now owns 875,680 shares of the construction company’s stock worth $134,994,000 after acquiring an additional 309,675 shares during the last quarter. State Street Corp raised its stake in shares of Watsco by 6.8% in the second quarter. State Street Corp now owns 799,293 shares of the construction company’s stock worth $123,247,000 after acquiring an additional 50,751 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in shares of Watsco by 198.9% in the second quarter. TimesSquare Capital Management LLC now owns 753,600 shares of the construction company’s stock worth $116,205,000 after acquiring an additional 501,450 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on WSO shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $141.00 target price (up from $139.00) on shares of Watsco in a research note on Wednesday, July 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $163.00 target price on shares of Watsco in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Watsco from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. BidaskClub raised shares of Watsco from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $154.00 target price on shares of Watsco in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Watsco currently has an average rating of “Hold” and an average target price of $160.40.

Shares of Watsco, Inc. (NYSE WSO) opened at $164.19 on Thursday. Watsco, Inc. has a 1 year low of $134.08 and a 1 year high of $167.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.42 and a current ratio of 3.13. The company has a market cap of $5,868.31, a P/E ratio of 30.58 and a beta of 0.83.

Watsco (NYSE:WSO) last issued its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.82 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.13). Watsco had a return on equity of 15.00% and a net margin of 4.46%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year. research analysts expect that Watsco, Inc. will post 5.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, October 13th. Watsco’s dividend payout ratio is 92.42%.

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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.

Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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