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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
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7 brokerages have issued 1-year price objectives for Watsco's shares. Their WSO share price targets range from $325.00 to $450.00. On average, they anticipate the company's stock price to reach $373.78 in the next twelve months. This suggests that the stock has a possible downside of 6.8%.
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Watsco's stock was trading at $249.40 at the beginning of the year. Since then, WSO stock has increased by 60.7% and is now trading at $400.90.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our WSO earnings forecast.

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

Watsco announced a quarterly dividend on Monday, October 2nd. Stockholders of record on Tuesday, October 17th will be paid a dividend of $2.45 per share on Tuesday, October 31st. This represents a $9.80 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Monday, October 16th.
Read our dividend analysis for WSO.

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.

ETFs with the largest weight of Watsco (NYSE:WSO) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Motley Fool Global Opportunities ETF (TMFG), Motley Fool Mid-Cap Growth ETF (TMFM), Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Inspire Faithward Mid Cap Momentum ETF (GLRY) and ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM).

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.

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).

Watsco's stock is owned by a number of retail and institutional investors. Top institutional investors 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.
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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.
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