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NYSE:WSO

Watsco (WSO) Stock Price, News & Analysis

$397.41
+2.87 (+0.73%)
(As of 03/4/2024 ET)
Today's Range
$393.45
$399.94
50-Day Range
$377.91
$429.01
52-Week Range
$284.05
$433.19
Volume
431,035 shs
Average Volume
335,712 shs
Market Capitalization
$15.70 billion
P/E Ratio
29.09
Dividend Yield
2.47%
Price Target
$396.00

Watsco MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
0.4% Downside
$396.00 Price Target
Short Interest
Bearish
9.62% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.77
Upright™ Environmental Score
News Sentiment
1.46mentions of Watsco in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.90%
From $14.65 to $16.54 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.40 out of 5 stars

Construction Sector

47th out of 98 stocks

Hardware, & Plumbing & Heating Equipment & Supplies Industry

1st out of 2 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

Does Watsco (WSO) Have a Resilient Business Model?
Growth Galore: 7 Stocks Set to Soar Beyond Expectations
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Decoding Watsco Inc (WSO): A Strategic SWOT Insight
25 Coldest Cities In the World
Summit's (SUM) Stock Rises on Q4 Earnings & Revenue Beat
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Q4 2023 Watsco Inc Earnings Call
Watsco Q4 Profit Down, Lifts Dividend; Stock Dips In Pre-market
Watsco Boosts Annual Dividend 10% to $10.80 Per Share
Earnings Outlook For Watsco
Watsco Q4 2023 Earnings Preview
When Should You Buy Watsco, Inc. (NYSE:WSO)?
Watsco to Host 2023 Earnings Call February 13, 2024
Watsco: Heating Up For Profits
Watsco: A Simple Thesis For A Great Company
Watsco's (NYSE:WSO) Dividend Will Be $2.45
Watsco just upgraded at Deutsche Bank, here's why
See More Headlines
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Company Calendar

Ex-Dividend for 1/31 Dividend
1/16/2024
Dividend Payable
1/31/2024
Last Earnings
2/13/2024
Today
3/04/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Hardware, & plumbing & heating equipment & supplies
Sub-Industry
Trading Companies & Distributors
CUSIP
94262220
Employees
7,425
Year Founded
1945

Price Target and Rating

Average Stock Price Target
$396.00
High Stock Price Target
$500.00
Low Stock Price Target
$325.00
Potential Upside/Downside
-0.4%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$536.34 million
Pretax Margin
10.85%

Debt

Sales & Book Value

Annual Sales
$7.28 billion
Cash Flow
$14.61 per share
Book Value
$66.41 per share

Miscellaneous

Free Float
34,244,000
Market Cap
$15.70 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?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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?

8 brokerages have issued 12-month price objectives for Watsco's stock. Their WSO share price targets range from $325.00 to $500.00. On average, they expect the company's stock price to reach $396.00 in the next twelve months. This suggests that the stock has a possible downside of 0.4%.
View analysts price targets for WSO
or view top-rated stocks among Wall Street analysts.

How have WSO shares performed in 2024?

Watsco's stock was trading at $428.47 at the beginning of 2024. Since then, WSO shares have decreased by 7.2% and is now trading at $397.41.
View the best growth stocks for 2024 here
.

When is Watsco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our WSO earnings forecast
.

How were Watsco's earnings last quarter?

Watsco, Inc. (NYSE:WSO) posted its quarterly earnings results on Tuesday, February, 13th. The construction company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.50 by $0.44. The construction company earned $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. Watsco had a trailing twelve-month return on equity of 21.36% and a net margin of 7.36%. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.35 EPS.

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

Watsco announced a quarterly dividend on Tuesday, January 2nd. Stockholders of record on Wednesday, January 17th will be paid a dividend of $2.45 per share on Wednesday, January 31st. This represents a $9.80 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, January 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 2.48%. 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 71.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WSO will have a dividend payout ratio of 59.25% 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.29%), Baillie Gifford & Co. (3.75%), Charles Schwab Investment Management Inc. (3.02%), Neuberger Berman Group LLC (1.62%), Markel Group Inc. (1.41%) and Wells Fargo & Company MN (1.36%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WSO) was last updated on 3/4/2024 by MarketBeat.com Staff