Howland Capital Management LLC Has $56.34 Million Holdings in Watsco, Inc. (NYSE:WSO)

Howland Capital Management LLC trimmed its holdings in shares of Watsco, Inc. (NYSE:WSO) by 1.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,893 shares of the construction company’s stock after selling 1,362 shares during the quarter. Watsco accounts for 2.5% of Howland Capital Management LLC’s holdings, making the stock its 9th biggest position. Howland Capital Management LLC owned approximately 0.29% of Watsco worth $56,342,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Watsco during the 3rd quarter worth approximately $43,000. Quarry LP grew its stake in shares of Watsco by 57.9% during the 3rd quarter. Quarry LP now owns 90 shares of the construction company’s stock worth $44,000 after acquiring an additional 33 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Watsco during the 3rd quarter worth approximately $48,000. Golden State Wealth Management LLC bought a new position in shares of Watsco during the 4th quarter worth approximately $50,000. Finally, MCF Advisors LLC grew its stake in shares of Watsco by 27.8% during the 3rd quarter. MCF Advisors LLC now owns 115 shares of the construction company’s stock worth $57,000 after acquiring an additional 25 shares in the last quarter. 89.71% of the stock is owned by institutional investors.

Insider Activity

In other Watsco news, EVP Barry S. Logan sold 10,998 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $508.21, for a total transaction of $5,589,293.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Robert W. Baird decreased their price target on shares of Watsco from $550.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Northcoast Research started coverage on shares of Watsco in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Finally, Raymond James started coverage on Watsco in a report on Friday, January 17th. They issued a “market perform” rating for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $488.33.

Watsco Trading Down 1.8 %

NYSE WSO opened at $464.98 on Friday. The company has a market cap of $18.78 billion, a PE ratio of 35.93 and a beta of 0.95. Watsco, Inc. has a 12 month low of $373.33 and a 12 month high of $571.41. The stock has a 50 day moving average of $491.50 and a 200-day moving average of $491.72.

Watsco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a $2.70 dividend. This represents a $10.80 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, January 17th. Watsco’s payout ratio is presently 83.46%.

Watsco Company Profile

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.