Watsco Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Watsco stock. 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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Wall Street analysts have given Watsco a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Watsco wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Watsco saw a drop in short interest in June. As of June 30th, there was short interest totaling 100 shares, a drop of 100.0% from the June 15th total of 1,560,000 shares. Based on an average daily volume of 157,200 shares, the short-interest ratio is presently 0.0 days.
View Watsco's Short Interest.

Watsco is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for Watsco.

Watsco, Inc. (NYSE:WSO) released its quarterly earnings data on Thursday, July, 22nd. The construction company reported $3.71 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $3.15 by $0.56. The construction company earned $1.85 billion during the quarter, compared to analysts' expectations of $1.68 billion. Watsco had a trailing twelve-month return on equity of 19.20% and a net margin of 6.19%. The company's revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.26 EPS.
View Watsco's earnings history.

Watsco's stock was trading at $164.89 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WSO stock has increased by 71.1% and is now trading at $282.18.
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Watsco announced a quarterly dividend on Friday, July 2nd. Shareholders of record on Thursday, July 15th will be given a dividend of $1.95 per share on Friday, July 30th. This represents a $7.80 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, July 14th.
View Watsco's dividend history.

Watsco pays an annual dividend of $7.80 per share and currently has a dividend yield of 2.76%. Watsco does not yet have a strong track record of dividend growth. The dividend payout ratio of Watsco is 111.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Watsco will have a dividend payout ratio of 76.10% in the coming year. This indicates that Watsco may not be able to sustain their current dividend.
View Watsco's dividend history.

7 Wall Street analysts have issued 12 month price targets for Watsco's shares. Their forecasts range from $218.00 to $350.00. On average, they expect Watsco's share price to reach $277.60 in the next twelve months. This suggests that the stock has a possible downside of 1.6%.
View analysts' price targets for Watsco or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to Watsco include Fastenal (FAST), United Rentals (URI), W.W. Grainger (GWW), WESCO International (WCC), MSC Industrial Direct (MSM), Air Lease (AL), Beacon Roofing Supply (BECN), Applied Industrial Technologies (AIT), GATX (GATX), Rush Enterprises (RUSHA), Textainer Group (TGH), H&E Equipment Services (HEES), Kaman (KAMN), MRC Global (MRC) and Titan Machinery (TITN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Watsco investors own include NVIDIA (NVDA), The Walt Disney (DIS), Verizon Communications (VZ), Johnson & Johnson (JNJ), The Home Depot (HD), The Coca-Cola (KO), Netflix (NFLX), Tesla (TSLA), Visa (V) and AbbVie (ABBV).

Watsco trades on the New York Stock Exchange (NYSE) under the ticker symbol "WSO."

Watsco's stock is owned by many different retail and institutional investors. Top institutional shareholders include DAVENPORT & Co LLC (1.67%), Welch & Forbes LLC (0.52%), Howland Capital Management LLC (0.42%), Conestoga Capital Advisors LLC (0.19%), Alliancebernstein L.P. (0.14%) and LaFleur & Godfrey LLC (0.10%). Company insiders that own Watsco stock include Barry S Logan, Bob L Moss and George Sape.
View institutional ownership trends for Watsco.

WSO stock was sold by a variety of institutional investors in the last quarter, including Stock Yards Bank & Trust Co., Advisors Asset Management Inc., State of Michigan Retirement System, Aptus Capital Advisors LLC, Unigestion Holding SA, Welch & Forbes LLC, Howland Capital Management LLC, and Nelson Van Denburg & Campbell Wealth Management Group LLC. Company insiders that have sold Watsco company stock in the last year include Barry S Logan, and George Sape.
View insider buying and selling activity for Watsco or view top insider-selling stocks.

WSO stock was purchased by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, Conestoga Capital Advisors LLC, CHICAGO TRUST Co NA, Tuttle Tactical Management, New Mexico Educational Retirement Board, Stratos Wealth Partners LTD., Icon Wealth Partners LLC, and Oregon Public Employees Retirement Fund.
View insider buying and selling activity for Watsco or or view top insider-buying stocks.

Shares of WSO 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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One share of WSO stock can currently be purchased for approximately $282.18.

Watsco has a market capitalization of $10.92 billion and generates $5.05 billion in revenue each year. The construction company earns $269.58 million in net income (profit) each year or $7.01 on an earnings per share basis.

Watsco employs 5,800 workers across the globe.

Watsco was founded in 1945.

The official website for Watsco is www.watsco.com.

Watsco is headquartered at 2665 SOUTH BAYSHORE DRIVE SUITE 901, MIAMI FL, 33133.

Watsco's mailing address is 2665 SOUTH BAYSHORE DRIVE SUITE 901, MIAMI FL, 33133. The construction company can be reached via phone at 305-714-4100 or via email at [email protected]