NYSE:WSO

Watsco (WSO) Stock Price, News & Analysis

$433.71
-6.89 (-1.56%)
(As of 09:34 AM ET)
Today's Range
$433.50
$438.30
50-Day Range
$377.91
$444.57
52-Week Range
$315.17
$451.29
Volume
4,648 shs
Average Volume
342,295 shs
Market Capitalization
$17.13 billion
P/E Ratio
31.75
Dividend Yield
2.49%
Price Target
$398.00

Watsco MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
9.7% Downside
$398.00 Price Target
Short Interest
Bearish
9.77% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.77
Upright™ Environmental Score
News Sentiment
0.45mentions of Watsco in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.73%
From $14.19 to $16.28 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.

3.43 out of 5 stars

Construction Sector

50th 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 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. 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. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.

WSO Stock Price History

WSO Stock News Headlines

7 A-Rated Growth Stocks to Buy for Gargantuan Returns
Why Watsco Stock Is Higher Today
The Hard Truth About Investing For Retirement
Here’s the cold, hard truth about investing: The more capital you have, the more risk averse you can afford to be. But when you’re staring down the barrel of retirement and you’ve only got 5, 10, 50 or $100,000 saved, you’ve got to be more aggressive. In an exclusive online training, the Market expert Steven Place is revealing a powerful “roadmap” that’s leading everyday investors to easy, triple-digit wins, even if they don’t have a lot of experience in trading.
The Hard Truth About Investing For Retirement
Here’s the cold, hard truth about investing: The more capital you have, the more risk averse you can afford to be. But when you’re staring down the barrel of retirement and you’ve only got 5, 10, 50 or $100,000 saved, you’ve got to be more aggressive. In an exclusive online training, the Market expert Steven Place is revealing a powerful “roadmap” that’s leading everyday investors to easy, triple-digit wins, even if they don’t have a lot of experience in trading.
Watsco (WSO) Set to Announce Quarterly Earnings on Wednesday
The 7 Best Retirement Stocks to Buy in April 2024
WSO Oct 2024 400.000 call
WSO Apr 2024 380.000 call
Watsco Inc.
Does Watsco (WSO) Have a Resilient Business Model?
Growth Galore: 7 Stocks Set to Soar Beyond Expectations
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
Ex-Dividend for 4/30 Dividend
4/12/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/24/2024
Dividend Payable
4/30/2024
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
$398.00
High Stock Price Target
$500.00
Low Stock Price Target
$325.00
Potential Upside/Downside
-9.7%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$536.34 million
Pretax Margin
10.85%

Debt

Sales & Book Value

Annual Sales
$7.28 billion
Cash Flow
$15.72 per share
Book Value
$66.41 per share

Miscellaneous

Free Float
34,244,000
Market Cap
$17.40 billion
Optionable
Optionable
Beta
0.90

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WSO Stock Analysis - Frequently Asked Questions

Should I buy or sell Watsco stock right now?

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.
View WSO analyst ratings
or view top-rated stocks.

What is Watsco's stock price target for 2024?

7 brokerages have issued 12-month target prices for Watsco's shares. Their WSO share price targets range from $325.00 to $500.00. On average, they anticipate the company's share price to reach $398.00 in the next year. This suggests that the stock has a possible downside of 9.7%.
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 increased by 2.8% and is now trading at $440.60.
View the best growth stocks for 2024 here
.

How were Watsco's earnings last quarter?

Watsco, Inc. (NYSE:WSO) released its 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 had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.65 billion. Watsco had a net margin of 7.36% and a trailing twelve-month return on equity of 21.36%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.35 EPS.

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

Watsco announced a quarterly dividend on Monday, April 1st. Investors of record on Monday, April 15th will be paid a dividend of $2.70 per share on Tuesday, April 30th. This represents a $10.80 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, April 12th. This is an increase from the stock's previous quarterly dividend of $2.45.
Read our dividend analysis for WSO
.

Is Watsco a good dividend stock?

Watsco (NYSE:WSO) pays an annual dividend of $10.80 per share and currently has a dividend yield of 2.61%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 79.06%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WSO will have a dividend payout ratio of 66.34% 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 investors include Raymond James & Associates (0.93%), Caledonia Investments PLC (0.57%), Allspring Global Investments Holdings LLC (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.18%), WASHINGTON TRUST Co (0.11%) and LaFleur & Godfrey LLC (0.11%). 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 4/25/2024 by MarketBeat.com Staff

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