Northwestern Mutual Investment Management Company LLC Has $1.79 Million Holdings in Watsco Inc (NYSE:WSO)

Northwestern Mutual Investment Management Company LLC increased its stake in shares of Watsco Inc (NYSE:WSO) by 21.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,349 shares of the construction company’s stock after purchasing an additional 2,024 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Watsco were worth $1,793,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Squar Milner Financial Services LLC grew its stake in shares of Watsco by 172.4% during the fourth quarter. Squar Milner Financial Services LLC now owns 158 shares of the construction company’s stock worth $28,000 after purchasing an additional 100 shares during the period. HM Payson & Co. acquired a new stake in shares of Watsco during the fourth quarter worth $32,000. Signaturefd LLC grew its stake in shares of Watsco by 283.7% during the first quarter. Signaturefd LLC now owns 188 shares of the construction company’s stock worth $30,000 after purchasing an additional 139 shares during the period. Citizens Financial Group Inc RI acquired a new stake in shares of Watsco during the fourth quarter worth $49,000. Finally, Penserra Capital Management LLC grew its stake in Watsco by 54.8% in the fourth quarter. Penserra Capital Management LLC now owns 480 shares of the construction company’s stock valued at $84,000 after acquiring an additional 170 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Barry S. Logan sold 3,800 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $167.76, for a total transaction of $637,488.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 13.61% of the company’s stock.

WSO has been the subject of a number of research analyst reports. Buckingham Research decreased their target price on Watsco from $164.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 14th. Robert W. Baird decreased their target price on Watsco from $170.00 to $168.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Stephens decreased their target price on Watsco from $192.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Zacks Investment Research raised Watsco from a “sell” rating to a “hold” rating and set a $187.00 target price for the company in a research note on Saturday, March 7th. Finally, Morgan Stanley decreased their target price on Watsco from $147.00 to $138.00 and set an “equal weight” rating for the company in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $163.50.

WSO stock opened at $165.73 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.06 and a quick ratio of 1.24. The stock has a market capitalization of $6.36 billion, a P/E ratio of 26.56 and a beta of 0.66. The business has a 50-day moving average of $157.47 and a 200-day moving average of $169.26. Watsco Inc has a fifty-two week low of $132.97 and a fifty-two week high of $186.87.

Watsco (NYSE:WSO) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.14). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Watsco had a return on equity of 14.23% and a net margin of 4.98%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. Equities analysts expect that Watsco Inc will post 5.41 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were issued a dividend of $1.775 per share. This represents a $7.10 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Tuesday, April 14th. This is a positive change from Watsco’s previous quarterly dividend of $1.60. Watsco’s dividend payout ratio is presently 109.23%.

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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