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Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
All the trading advice you’ve ever received boils down to this (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
All the trading advice you’ve ever received boils down to this (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
All the trading advice you’ve ever received boils down to this (Ad)
Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
All the trading advice you’ve ever received boils down to this (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
All the trading advice you’ve ever received boils down to this (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
All the trading advice you’ve ever received boils down to this (Ad)
Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
All the trading advice you’ve ever received boils down to this (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
All the trading advice you’ve ever received boils down to this (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
All the trading advice you’ve ever received boils down to this (Ad)
Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt

Watsco Stock Price, News & Analysis (NYSE:WSO)

$396.25
+14.02 (+3.67%)
(As of 12/1/2023 08:55 PM ET)
Compare
Today's Range
$383.33
$396.74
50-Day Range
$340.51
$402.69
52-Week Range
$243.38
$406.08
Volume
333,600 shs
Average Volume
325,598 shs
Market Capitalization
$15.61 billion
P/E Ratio
26.16
Dividend Yield
2.47%
Price Target
$373.78

Watsco MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
5.7% Downside
$373.78 Price Target
Short Interest
Bearish
10.43% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.77
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
6.35%
From $14.17 to $15.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.66 out of 5 stars

Industrials Sector

52nd out of 58 stocks

Industrial Distribution Industry

1st out of 1 stocks


WSO stock logo

About Watsco Stock (NYSE:WSO)

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies. 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. It also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. It operates in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.

WSO Stock Price History

WSO Stock News Headlines

Watsco (NYSE:WSO) and Ferguson (NASDAQ:FERG) Financial Comparison
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Watsco, Inc. (NYSE:WSO) Q3 2023 Earnings Call Transcript
KeyBanc Sticks to Its Hold Rating for Watsco (WSO)
Q3 2023 Watsco Inc Earnings Call
Earnings Preview For Watsco
Watsco Inc's Dividend Analysis
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Expert Ratings for Watsco
See More Headlines
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Company Calendar

Ex-Dividend for 10/31 Dividend
10/16/2023
Last Earnings
10/19/2023
Dividend Payable
10/31/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/15/2024

Industry, Sector and Symbol

Industry
Industrial Distribution
Sub-Industry
Trading Companies & Distributors
CUSIP
94262220
Employees
7,200
Year Founded
1945

Price Target and Rating

Average Stock Price Target
$373.78
High Stock Price Target
$450.00
Low Stock Price Target
$325.00
Potential Upside/Downside
-5.7%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$601.17 million
Pretax Margin
11.27%

Debt

Sales & Book Value

Annual Sales
$7.27 billion
Cash Flow
$15.22 per share
Book Value
$67.67 per share

Miscellaneous

Free Float
34,155,000
Market Cap
$15.61 billion
Optionable
Optionable
Beta
0.89

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WSO Stock Analysis - Frequently Asked Questions

Should I buy or sell Watsco stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WSO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WSO, but not buy additional shares or sell existing shares.
View WSO analyst ratings
or view top-rated stocks.

What is Watsco's stock price target for 2024?

7 Wall Street research analysts have issued 12 month price objectives for Watsco's shares. Their WSO share price targets range from $325.00 to $450.00. On average, they expect the company's stock price to reach $373.78 in the next year. This suggests that the stock has a possible downside of 5.7%.
View analysts price targets for WSO
or view top-rated stocks among Wall Street analysts.

How have WSO shares performed in 2023?

Watsco's stock was trading at $249.40 at the beginning of the year. Since then, WSO stock has increased by 58.9% and is now trading at $396.25.
View the best growth stocks for 2023 here
.

When is Watsco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our WSO earnings forecast
.

How were Watsco's earnings last quarter?

Watsco, Inc. (NYSE:WSO) posted its quarterly earnings data on Thursday, October, 19th. The construction company reported $4.35 earnings per share for the quarter, beating the consensus estimate of $4.28 by $0.07. The construction company earned $2.13 billion during the quarter, compared to the consensus estimate of $2.05 billion. Watsco had a net margin of 8.14% and a trailing twelve-month return on equity of 22.66%. Watsco's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $4.03 EPS.

How often does Watsco pay dividends? What is the dividend yield for Watsco?

Watsco declared a quarterly dividend on Monday, October 2nd. Investors of record on Tuesday, October 17th will be given a dividend of $2.45 per share on Tuesday, October 31st. This represents a $9.80 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Monday, October 16th.
Read our dividend analysis for WSO
.

Is Watsco a good dividend stock?

Watsco (NYSE:WSO) pays an annual dividend of $9.80 per share and currently has a dividend yield of 2.47%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 64.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WSO will have a dividend payout ratio of 65.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WSO.

What is Albert H. Nahmad's approval rating as Watsco's CEO?

15 employees have rated Watsco Chief Executive Officer Albert H. Nahmad on Glassdoor.com. Albert H. Nahmad has an approval rating of 85% among the company's employees. 68.0% of employees surveyed would recommend working at Watsco to a friend.

What other stocks do shareholders of Watsco own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Watsco investors own include NVIDIA (NVDA), Walt Disney (DIS), Verizon Communications (VZ), Johnson & Johnson (JNJ), Home Depot (HD), Coca-Cola (KO), Netflix (NFLX), Tesla (TSLA), Visa (V) and AbbVie (ABBV).

Who are Watsco's major shareholders?

Watsco's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (4.78%), Kayne Anderson Rudnick Investment Management LLC (4.20%), FMR LLC (3.58%), Charles Schwab Investment Management Inc. (3.35%), Blair William & Co. IL (1.97%) and Wellington Management Group LLP (1.65%). Insiders that own company stock include Barry S Logan, Brian E Keeley and Cesar L Alvarez.
View institutional ownership trends
.

How do I buy shares of Watsco?

Shares of WSO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:WSO) was last updated on 12/4/2023 by MarketBeat.com Staff

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