(NYSE:WSO) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,056 shares of the construction company's stock after buying an additional 88 shares during the period.
Other large investors have also recently modified their holdings of the company. Eqis Capital Management, Inc. grew its holdings by buying 593 shares an increase of 5.2% in the quarter. Glen Harbor Capital Management LLC now owns 1,344 shares of the construction company's stock worth $192,000 after buying an additional 112 shares during the last quarter. Bank of Montreal Can raised its stake in Watsco by 0.8% during the 2nd quarter. Thrivent Financial For Lutherans increased its stake in Watsco by 19.1% in the 2nd quarter. UBS Group AG now owns 32,815 shares of the construction company's stock valued at $4,698,000 after acquiring an additional 13,165 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Watsco by 41.3% in the first quarter. Baird Financial Group, Inc. cut its holdings by selling 100,177 shares a decrease of 28.2% from 03/31/2017 to 06/30/2017.
A number of analysts have issued reports on the company. Robert W. Baird reaffirmed a "buy" rating and set a $163.00 target price on shares of Watsco in a research note on Friday, September 1st. BidaskClub upgraded Watsco from a "hold" rating to a "buy" rating in a report on Friday, June 23rd. Wolfe Research assumed coverage on Watsco in a research note on Tuesday, July 11th. Morgan Stanley lifted their target price on Watsco from $141.00 to $151.00 and gave the company an "underweight" rating in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company now has a consensus rating of "Hold" and an average target price of $148.88. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of global copyright & trademark laws. Watsco has a 12 month low of $128.60 and a 12 month high of $163.95.
Traders might be following the technicals on shares of Watsco Inc (WSO). after a recent check, we have noticed that the PPOH level is now below zero. The firm has a market capitalization of $5.23 billion, a PE ratio of 29.58 and a beta of 0.84.
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Shares of Watsco Inc (WSO) have a 7-day moving average of 162.09.
Metropolitan Life Insur New York invested 0.03% in Watsco Inc (NYSE:WSO). The construction company reported $2.07 EPS for the quarter, topping the Zacks' consensus estimate of $2.02 by $0.05. Watsco had a return on equity of 14.52% and a net margin of 4.29%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. As of quarter end William Blair Investment Management, LLC had sold a total of 2,556 shares trimming its stake by 1.1%. The dividend will be $1.250 per share for the quarter or $5.00 on an annualized basis. Equities research analysts forecast that Watsco Inc will post $5.62 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,174 shares of the construction company's stock worth $168,000 after buying an additional 343 shares during the last quarter. Watsco, Inc.'s dividend has Oct 16, 2017 as record date.
Tracking other technical indicators, the 14-day RSI is presently standing at 59.07, the 7-day sits at 44.73, and the 3-day is resting at 11.05 for Watsco Inc (WSO).
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