Watsco, Inc. (NYSE:WSO) Receives $484.17 Consensus PT from Analysts

Key Points

• Watsco, Inc. has received a consensus rating of "Hold" from seven research firms, with six analysts recommending a hold and one a buy.
• The company reported earnings of $4.52 per share for its last quarter, missing analysts' estimates and showing a 3.6% decline in revenue compared to the previous year.
• Watsco declared a quarterly dividend of $3.00 per share, providing an annualized yield of 3.1%, with a payout ratio of 92.02%.

Shares of Watsco, Inc. (NYSE:WSO - Get Free Report) have received a consensus recommendation of "Hold" from the seven ratings firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $484.1667.

WSO has been the subject of several research reports. Morgan Stanley set a $505.00 price objective on shares of Watsco in a report on Wednesday, July 2nd. UBS Group dropped their price objective on shares of Watsco from $455.00 to $450.00 and set a "neutral" rating for the company in a report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Watsco from $445.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, May 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Centennial Wealth Advisory LLC lifted its holdings in shares of Watsco by 2.9% in the 1st quarter. Centennial Wealth Advisory LLC now owns 776 shares of the construction company's stock valued at $395,000 after acquiring an additional 22 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of Watsco by 10.2% in the 2nd quarter. Trust Co. of Vermont now owns 238 shares of the construction company's stock valued at $105,000 after acquiring an additional 22 shares during the last quarter. Cary Street Partners Financial LLC lifted its holdings in shares of Watsco by 2.2% in the 1st quarter. Cary Street Partners Financial LLC now owns 1,073 shares of the construction company's stock valued at $545,000 after acquiring an additional 23 shares during the last quarter. Freedom Investment Management Inc. lifted its holdings in shares of Watsco by 4.8% in the 1st quarter. Freedom Investment Management Inc. now owns 504 shares of the construction company's stock valued at $256,000 after acquiring an additional 23 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Watsco by 2.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,056 shares of the construction company's stock valued at $537,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 89.71% of the company's stock.

Watsco Stock Up 1.7%

WSO stock traded up $6.65 during trading on Monday, reaching $390.90. The company's stock had a trading volume of 243,747 shares, compared to its average volume of 314,827. Watsco has a 1 year low of $378.35 and a 1 year high of $571.41. The company has a market capitalization of $15.85 billion, a P/E ratio of 29.98 and a beta of 0.95. The company's fifty day moving average is $427.46 and its 200-day moving average is $457.25.

Watsco (NYSE:WSO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The construction company reported $4.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.84 by ($0.32). Watsco had a return on equity of 16.96% and a net margin of 7.08%.The business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter in the previous year, the company posted $4.49 EPS. The company's quarterly revenue was down 3.6% on a year-over-year basis. Analysts anticipate that Watsco will post 14.62 earnings per share for the current year.

Watsco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, July 16th. Watsco's dividend payout ratio is 92.02%.

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.