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

$401.09
+1.89 (+0.47%)
(As of 02:39 PM ET)
Compare
Today's Range
$397.91
$401.34
50-Day Range
$340.51
$402.69
52-Week Range
$243.38
$406.08
Volume
58,857 shs
Average Volume
322,722 shs
Market Capitalization
$15.80 billion
P/E Ratio
26.47
Dividend Yield
2.44%
Price Target
$373.78

Watsco MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
6.8% 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
1.77mentions of Watsco in the last 14 days
Based on 2 Articles This Week
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.

1.75 out of 5 stars

Construction Sector

60th out of 80 stocks

Hardware, & Plumbing & Heating Equipment & Supplies Industry

2nd 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

Watsco (NYSE:WSO) and Ferguson (NASDAQ:FERG) Financial Comparison
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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
12/07/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/15/2024

Industry, Sector and Symbol

Industry
Hardware, & plumbing & heating equipment & supplies
Sub-Industry
Trading Companies & Distributors
CUSIP
94262220
Employees
7,275
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
-6.4%
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
$15.34 per share
Book Value
$58.04 per share

Miscellaneous

Free Float
34,155,000
Market Cap
$15.72 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 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 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%.
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 60.7% and is now trading at $400.90.
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) 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.

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

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
.

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 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.
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 12/7/2023 by MarketBeat.com Staff

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