Running Oak Capital LLC Has $15.60 Million Position in Watsco, Inc. $WSO

Running Oak Capital LLC grew its holdings in Watsco, Inc. (NYSE:WSO) by 6.1% during the third quarter, Holdings Channel reports. The firm owned 38,594 shares of the construction company’s stock after acquiring an additional 2,203 shares during the quarter. Running Oak Capital LLC’s holdings in Watsco were worth $15,604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WSO. Ameritas Advisory Services LLC acquired a new position in Watsco in the second quarter valued at approximately $26,000. SJS Investment Consulting Inc. increased its stake in shares of Watsco by 2,366.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 74 shares of the construction company’s stock valued at $30,000 after acquiring an additional 71 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Watsco by 242.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 72 shares of the construction company’s stock valued at $33,000 after acquiring an additional 51 shares during the period. Chilton Capital Management LLC acquired a new position in shares of Watsco during the 2nd quarter valued at $34,000. Finally, TruNorth Capital Management LLC bought a new position in Watsco during the third quarter worth $37,000. Institutional investors own 89.71% of the company’s stock.

Watsco Stock Up 0.1%

WSO stock opened at $387.00 on Tuesday. The firm has a market capitalization of $15.70 billion, a PE ratio of 30.23 and a beta of 1.04. Watsco, Inc. has a twelve month low of $323.05 and a twelve month high of $535.40. The stock’s 50 day moving average is $359.12 and its 200-day moving average is $382.53.

Watsco (NYSE:WSO) last released its quarterly earnings results on Friday, November 7th. The construction company reported $3.98 EPS for the quarter. Watsco had a return on equity of 16.48% and a net margin of 7.04%.The business had revenue of $2.07 billion during the quarter. On average, equities research analysts anticipate that Watsco, Inc. will post 14.62 earnings per share for the current fiscal year.

Watsco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $3.00 dividend. The ex-dividend date was Friday, January 16th. This represents a $12.00 annualized dividend and a dividend yield of 3.1%. Watsco’s dividend payout ratio is currently 93.75%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Mizuho dropped their price objective on shares of Watsco from $400.00 to $370.00 and set a “neutral” rating on the stock in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Watsco in a report on Thursday, October 30th. Wolfe Research set a $349.00 price objective on Watsco in a report on Tuesday, December 9th. UBS Group initiated coverage on Watsco in a research report on Monday, January 5th. They set a “neutral” rating and a $370.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Watsco from $360.00 to $370.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Watsco has a consensus rating of “Hold” and an average price target of $404.14.

Watsco Profile

Watsco, Inc is the largest distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment, parts and supplies in the United States. Headquartered in Miami, Florida, the company operates a network of more than 600 branches across the continental U.S., Canada and Puerto Rico. Watsco serves residential and commercial contractors by providing essential components for climate control systems, including air conditioners, furnaces, heat pumps, coils, refrigerants, controls and electrical and piping supplies.

Founded in 1947, Watsco has grown from a single regional distributor into an industry leader through a combination of organic expansion, acquisitions and strategic partnerships with original equipment manufacturers such as Carrier, Trane, Goodman and Lennox.