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Annandale Capital LLC bought a new stake in shares of Watsco, Inc. (NYSE:WSO - Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,006 shares of the construction company's stock, valued at approximately $774,000.

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A number of other hedge funds have also made changes to their positions in WSO. Amundi acquired a new position in shares of Watsco during the second quarter valued at approximately $25,000. Private Trust Co. NA acquired a new position in shares of Watsco during the second quarter valued at approximately $37,000. IMA Wealth Inc. acquired a new stake in shares of Watsco in the second quarter valued at approximately $54,000. Wipfli Financial Advisors LLC acquired a new stake in shares of Watsco in the third quarter valued at approximately $63,000. Finally, Lumature Wealth Partners LLC increased its holdings in shares of Watsco by 136.6% in the first quarter. Lumature Wealth Partners LLC now owns 265 shares of the construction company's stock valued at $81,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 84.73% of the company's stock. Wall Street Analyst Weigh In

Several equities research analysts recently commented on WSO shares. KeyCorp increased their price target on Watsco from $335.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, February 17th. Stephens increased their price target on Watsco from $300.00 to $375.00 and gave the company an "overweight" rating in a report on Tuesday, February 21st. UBS Group started coverage on Watsco in a report on Tuesday, January 10th. They issued a "neutral" rating and a $280.00 price target for the company. Finally, Robert W. Baird increased their price target on Watsco from $323.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, February 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $313.67.Watsco Trading Down 1.6 %

Shares of Watsco stock opened at $300.22 on Friday. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 19.48 and a beta of 0.92. Watsco, Inc. has a fifty-two week low of $220.68 and a fifty-two week high of $343.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 2.54. The stock has a 50 day moving average of $279.40 and a 200 day moving average of $273.87.

Watsco (NYSE:WSO - Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The construction company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.23. Watsco had a return on equity of 25.17% and a net margin of 8.26%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the business posted $2.02 earnings per share. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, research analysts predict that Watsco, Inc. will post 13.78 earnings per share for the current year. Watsco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 17th were given a dividend of $2.45 per share. This is a positive change from Watsco's previous quarterly dividend of $2.20. This represents a $9.80 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Friday, January 13th. Watsco's dividend payout ratio (DPR) is currently 63.60%. Watsco Profile (Get Rating)

Watsco, Inc engages in the distribution of air conditioning, heating and refrigeration equipment and related parts. Its products include residential central air conditioners, gas, electric & oil furnaces, commercial air conditioning & heating equipment, and other specialized equipment and parts, including replacement compressors, evaporator coils, motors and other component parts and supplies, including thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies.See AlsoGet a free copy of the StockNews.com research report on Watsco (WSO)MarketBeat Week in Review – 2/20 - 2/24Carvana Skidding On Revenue Decrease, Heavy Debt BurdenWhat Are Consumer Staples Stocks?Is Rocky Brands Dividend A Good Fit For Your Portfolio? Beyond Meat Stock Is Not Beyond Hope 

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