<div id="readability-page-1"><p>Premier Fund Managers Ltd cut its holdings in shares of  Watsco, Inc. (NYSE:WSO - Free Report) by 19.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,562 shares of the construction company's stock after selling 12,771 shares during the period. Premier Fund Managers Ltd owned about 0.13% of Watsco worth $18,379,000 at the end of the most recent quarter.</p><p>A number of other large investors also recently modified their holdings of WSO. Capital International Investors lifted its stake in shares of  Watsco by 741.4% in the 3rd quarter. Capital International Investors now owns 2,285,895 shares of the construction company's stock valued at $924,187,000 after acquiring an additional 2,014,233 shares during the last quarter.  M&amp;T Bank Corp lifted its stake in shares of  Watsco by 60,779.4% in the 4th quarter. M&amp;T Bank Corp now owns 599,662 shares of the construction company's stock valued at $202,056,000 after acquiring an additional 598,677 shares during the last quarter.  Two Sigma Investments LP lifted its stake in shares of  Watsco by 12,054.4% in the 3rd quarter. Two Sigma Investments LP now owns 173,078 shares of the construction company's stock valued at $69,975,000 after acquiring an additional 171,654 shares during the last quarter.  Corient Private Wealth LLC lifted its stake in shares of  Watsco by 106.4% in the 2nd quarter. Corient Private Wealth LLC now owns 296,170 shares of the construction company's stock valued at $130,801,000 after acquiring an additional 152,662 shares during the last quarter.  Finally, DAVENPORT &amp; Co LLC lifted its stake in shares of  Watsco by 31.8% in the 4th quarter. DAVENPORT &amp; Co LLC now owns 470,177 shares of the construction company's stock valued at $159,293,000 after acquiring an additional 113,333 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors. </p><h2>Watsco Stock Up 2.9%</h2><p>NYSE WSO opened at $432.87 on Thursday. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 35.92 and a beta of 1.12. Watsco, Inc. has a twelve month low of $323.05 and a twelve month high of $496.25. The stock has a fifty day simple moving average of $398.89 and a 200 day simple moving average of $377.96. </p><p>Watsco (NYSE:WSO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.14. Watsco had a return on equity of 15.31% and a net margin of 6.85%.The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business posted $1.93 earnings per share. Watsco's quarterly revenue was up .1% on a year-over-year basis.  Research analysts expect that  Watsco, Inc. will post 12.62 earnings per share for the current fiscal year. </p><h2>Watsco Increases Dividend</h2><p>The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, April 16th. This is an increase from Watsco's previous quarterly dividend of $3.00. Watsco's dividend payout ratio (DPR) is 109.54%. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of research analysts have recently commented on the company. Mizuho  set a $425.00 price target on Watsco in a research note on Wednesday, February 18th. JPMorgan Chase &amp; Co. increased their price target on Watsco from $370.00 to $400.00 and gave the company a &#34;neutral&#34; rating in a research note on Thursday, February 19th. Morgan Stanley decreased their price objective on Watsco from $460.00 to $370.00 and set an &#34;equal weight&#34; rating for the company in a report on Wednesday, January 14th. Wall Street Zen upgraded Watsco from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Saturday, May 2nd. Finally, Stephens increased their price objective on Watsco from $475.00 to $485.00 and gave the company an &#34;overweight&#34; rating in a report on Wednesday, April 29th. One research analyst  has rated the stock with a Buy rating and eight have assigned  a Hold rating to the company's stock. Based on data from MarketBeat.com, Watsco presently has a consensus rating of &#34;Hold&#34; and an average target price of $399.83.</p><p><b>Read Our Latest Report on Watsco</b></p><h2>Watsco Company Profile</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Watsco</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdTTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdTTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Watsco Right Now?</h2><p>Before you consider Watsco, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Watsco wasn't on the list.</p><p>While Watsco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

WSO.B

<p>Premier Fund Managers Ltd reduced its stake in Watsco, Inc. by 19.3% in Q4, selling 12,771 shares, leaving it with 53,562 shares valued at $18.38 million. Other investors, including Capital International and M&T Bank, significantly increased their holdings. Watsco's stock rose 2.9% to $432.87, with a market cap of $17.57 billion. The company reported Q1 earnings of $1.87 per share, exceeding estimates, and announced a dividend increase to $3.30 per share, yielding 3.0%. Analysts have mixed ratings, with a consensus rating of "Hold" and an average target price of $399.83.</p>

Market Beat

Watsco

Watsco - B

Premier Investments Limited

Western Asset Premier Bd Fd

Fat Prophets Global Contrarian Fund Ltd.

Nano Labs

Genter Capital International Div ETF

Investors Title

Intermediate Capital Group plc

M&T Bank

Sigma Capital Group plc

Sigma Lithium

Sigma Healthcare Ltd

Wealthfront

Noah

Puhui Wealth Investment Management Co., Ltd.

Dover

Patterson Cos

Entergy LA LLC Pref Share ETR 4.875 09/01/66 *

Mizuho Financial

JPMorgan Chase

Morgan Stanley

Zensho Holdings Co., Ltd.

Financial Street

Charter Hall Long WALE REIT

Stepstone

Riverstone

Quickstep Holdings Limited

M & T BANK CORP DEP SHS REPSTG 1/400TH INT PERP SER K

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M & T BANK CORP DEP SHS EA REP 1/400TH SHS SERIES J

NOAH HOLDINGS

Mizuho Financial Group, Inc.

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

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Charter Hall Retail REIT

Charter Hall Group

Charter Hall Social Infrastructure REIT

Premier Fund Managers Ltd Sells 12,771 Shares of Watsco, Inc. $WSO