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Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. The company also provides parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies. It serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. In addition, the company exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
Industry, Sector and Symbol
Industry Hardware, & plumbing & heating equipment & supplies
Sub-IndustryTrading Companies & Distributors
SectorConstruction
SymbolNYSE:WSO
CUSIP94262220
Phone305-714-4100
Debt
Debt-to-Equity Ratio0.06
Current Ratio3.63
Quick Ratio1.49
Price-To-Earnings
Trailing P/E Ratio33.39
Forward P/E Ratio27.03
P/E GrowthN/A
Sales & Book Value
Annual Sales$4.34 billion
Price / Sales1.57
Cash Flow$6.1242 per share
Price / Cash29.88
Book Value$43.40 per share
Price / Book4.22
Profitability
EPS (Most Recent Fiscal Year)$5.48
Net Income$208.22 million
Net Margins4.92%
Return on Equity14.44%
Return on Assets9.79%
Miscellaneous
Employees5,200
Outstanding Shares37,360,000
Watsco (NYSE:WSO) Frequently Asked Questions
What is Watsco's stock symbol?
Watsco trades on the New York Stock Exchange (NYSE) under the ticker symbol "WSO."
How often does Watsco pay dividends? What is the dividend yield for Watsco?
Watsco announced a quarterly dividend on Monday, April 2nd. Investors of record on Monday, April 16th will be given a dividend of $1.45 per share on Monday, April 30th. This represents a $5.80 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, April 13th. This is a positive change from Watsco's previous quarterly dividend of $1.25. View Watsco's Dividend History.
How were Watsco's earnings last quarter?
Watsco (NYSE:WSO) released its earnings results on Tuesday, April, 24th. The construction company reported $0.89 EPS for the quarter, hitting analysts' consensus estimates of $0.89. The construction company earned $926.58 million during the quarter, compared to the consensus estimate of $911.45 million. Watsco had a return on equity of 14.44% and a net margin of 4.92%. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share. View Watsco's Earnings History.
When is Watsco's next earnings date?
What price target have analysts set for WSO?
8 Wall Street analysts have issued 12 month target prices for Watsco's shares. Their predictions range from $156.00 to $195.00. On average, they anticipate Watsco's share price to reach $180.6667 in the next year. View Analyst Ratings for Watsco.
Who are some of Watsco's key competitors?
Some companies that are related to Watsco include Atlantia (ATASY), HeidelbergCement (HDELY), Vulcan Materials (VMC), Lennar (LEN), D. R. Horton (DHI), Ferrovial (FRRVY), United Rentals (URI), Martin Marietta Materials (MLM), Lennar (LEN.B), Sekisui House (SKHSY), Persimmon (PSMMY), Masco (MAS), Rollins (ROL), NVR (NVR) and Jacobs Engineering Group (JEC).
Who are Watsco's key executives?
Watsco's management team includes the folowing people:
- Mr. Albert H. Nahmad, Chairman and Chief Exec. Officer (Age 77)
- Mr. Aaron J. Nahmad, Pres and Director (Age 37)
- Ms. Ana M. Menendez, CFO, Treasurer & Assistant Sec. (Age 53)
- Mr. Barry S. Logan, Sr. VP and Sec. (Age 55)
- Mr. Paul W. Johnston, Exec. VP (Age 65)
Has Watsco been receiving favorable news coverage?
Media stories about WSO stock have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Watsco earned a news sentiment score of 0.15 on Accern's scale. They also gave headlines about the construction company an impact score of 46.02 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Watsco's major shareholders?
Watsco's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.72%), Neuberger Berman Group LLC (2.47%), Blair William & Co. IL (2.21%), Baillie Gifford & Co. (2.20%), Wells Fargo & Company MN (2.03%) and Thomaspartners Inc. (1.69%). Company insiders that own Watsco stock include Barry S Logan and Technologies Corp /De/ United. View Institutional Ownership Trends for Watsco.
Which institutional investors are selling Watsco stock?
WSO stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Blair William & Co. IL, OppenheimerFunds Inc., Neuberger Berman Group LLC, Oak Ridge Investments LLC, Sei Investments Co., Crawford Investment Counsel Inc. and Clinton Group Inc.. View Insider Buying and Selling for Watsco.
Which institutional investors are buying Watsco stock?
WSO stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Chicago Capital LLC, Baillie Gifford & Co., DekaBank Deutsche Girozentrale, Handelsbanken Fonder AB, Sandler Capital Management, Schwab Charles Investment Management Inc. and Kayne Anderson Rudnick Investment Management LLC. View Insider Buying and Selling for Watsco.
How do I buy shares of Watsco?
Shares of WSO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Watsco's stock price today?
One share of WSO stock can currently be purchased for approximately $182.99.
How big of a company is Watsco?
Watsco has a market capitalization of $6.84 billion and generates $4.34 billion in revenue each year. The construction company earns $208.22 million in net income (profit) each year or $5.48 on an earnings per share basis. Watsco employs 5,200 workers across the globe.
How can I contact Watsco?
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]
MarketBeat Community Rating for Watsco (WSO)
MarketBeat's community ratings are surveys of what our community members think about Watsco and other stocks. Vote "Outperform" if you believe WSO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WSO will underperform the S&P 500 over the long term. You may vote once every thirty days.
Watsco (NYSE:WSO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Watsco in the last 12 months. Their average twelve-month price target is $180.6667, suggesting that the stock has a possible downside of 1.27%. The high price target for WSO is $195.00 and the low price target for WSO is $156.00. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.38 | 2.44 | 2.44 | 2.43 |
| Ratings Breakdown: | 1 Sell Rating(s)
3 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $180.6667 | $171.8571 | $166.5714 | $158.25 |
| Price Target Upside: | 1.27% downside | 6.85% downside | 0.96% upside | 4.02% downside |
Watsco (NYSE:WSO) Consensus Price Target History
Watsco (NYSE:WSO) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Watsco (NYSE:WSO) Dividend Information
Watsco pays an annual dividend of $5.80 per share, with a dividend yield of 3.17%. WSO's most recent quarterly dividend payment was Monday, April 30. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 32.00% each year. Watsco pays out 105.84% of its earnings out as a dividend.
| Most Recent Dividend: | 4/30/2018 |
| Annual Dividend: | $5.80 |
| Dividend Yield: | 3.17% |
| Dividend Growth: | 32.00% (3 Year Average) |
| Payout Ratio(s): | 105.84% (Trailing 12 Months of Earnings)
85.67% (Based on This Year's Estimates)
77.44% (Based on Next Year's Estimates)
94.71% (Based on Cash Flow)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Watsco (NYSE:WSO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/2/2018 | quarterly | $1.45 | 3.22% | 4/13/2018 | 4/16/2018 | 4/30/2018 |
| 1/2/2018 | quarterly | $1.25 | 2.94% | 1/12/2018 | 1/16/2018 | 1/31/2018 |
| 10/2/2017 | quarterly | $1.25 | 3.05% | 10/13/2017 | 10/16/2017 | 10/31/2017 |
| 7/3/2017 | quarterly | $1.25 | 3.21% | 7/13/2017 | 7/17/2017 | 7/31/2017 |
| 4/3/2017 | quarterly | $1.05 | 2.93% | 4/11/2017 | 4/14/2017 | 4/28/2017 |
| 1/3/2017 | quarterly | $1.05 | 2.8% | 1/12/2017 | 1/17/2017 | 1/31/2017 |
| 10/3/2016 | quarterly | $1.05 | 2.98% | 10/13/2016 | 10/17/2016 | 10/31/2016 |
| 7/1/2016 | quarterly | $0.85 | 2.39% | 7/13/2016 | 7/15/2016 | 7/29/2016 |
| 4/1/2016 | quarterly | $0.85 | 2.55% | 4/13/2016 | 4/15/2016 | 4/29/2016 |
| 1/4/2016 | quarterly | $0.85 | | 1/13/2016 | 1/15/2016 | 1/29/2016 |
| 10/1/2015 | quarterly | $0.70 | | 10/13/2015 | 10/15/2015 | 10/30/2015 |
| 7/1/2015 | quarterly | $0.70 | 2.29% | 7/13/2015 | 7/15/2015 | 7/31/2015 |
| 4/1/2015 | quarterly | $0.70 | | 4/13/2015 | 4/15/2015 | 4/30/2015 |
| 1/6/2015 | quarterly | $0.70 | 2.65% | 1/16/2015 | 1/21/2015 | 1/30/2015 |
| 10/1/2014 | quarterly | $0.60 | 2.75% | 10/10/2014 | 10/15/2014 | 10/31/2014 |
| 7/1/2014 | quarterly | $0.60 | 2.35% | 7/11/2014 | 7/15/2014 | 7/31/2014 |
| 4/1/2014 | quarterly | $0.40 | 1.59% | 4/11/2014 | 4/15/2014 | 4/30/2014 |
| 1/2/2014 | quarterly | $0.40 | 1.68% | 1/13/2014 | 1/15/2014 | 1/31/2014 |
| 10/2/2013 | quarterly | $0.40 | 1.71% | 10/10/2013 | 10/15/2013 | 10/31/2013 |
| 7/1/2013 | quarterly | $0.25 | 1.17% | 7/11/2013 | 7/15/2013 | 7/31/2013 |
| 4/1/2013 | quarterly | $0.25 | 1.21% | 4/11/2013 | 4/15/2013 | 4/30/2013 |
| 1/11/2013 | quarterly | $0.25 | 1.33% | 1/23/2013 | 1/25/2013 | 1/31/2013 |
(Data available from 1/1/2013 forward)
Watsco (NYSE WSO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 13.45%
Institutional Ownership Percentage: 81.69%
Watsco (NYSE WSO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/22/2017 | Barry S Logan | SVP | Sell | 3,246 | $164.30 | $533,317.80 | 15,800 |  |
| 2/28/2017 | Technologies Corp /De/ United | Major Shareholder | Sell | 4,235,685 | $140.68 | $595,876,165.80 | | |
(Data available from 1/1/2013 forward)
Watsco (NYSE WSO) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | $1.33 Billion in Sales Expected for Watsco (WSO) This Quarter
www.americanbankingnews.com - May 17 at 1:58 AM |
| Zacks: Brokerages Expect Watsco (WSO) to Post $2.47 Earnings Per Share
www.americanbankingnews.com - May 15 at 9:22 PM |
 | Industrial Dividend Stocks Of The Month: Kennametal And More
finance.yahoo.com - May 12 at 4:18 PM |
| Does Watsco Inc’s (NYSE:WSO) Past Performance Indicate A Stronger Future?
finance.yahoo.com - May 12 at 10:21 AM |
| Watsco (WSO) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - May 10 at 4:37 PM |
 | Watsco Breaks Below 200-Day Moving Average - Notable for WSO
www.nasdaq.com - May 1 at 4:17 PM |
| Analysts Expect Watsco Inc (WSO) Will Post Quarterly Sales of $1.33 Billion
www.americanbankingnews.com - April 30 at 4:30 AM |
 | BRIEF-Watsco CEO Albert Nahmad's 2017 Total Compensation Was $8.2 Million
www.reuters.com - April 29 at 9:54 AM |
| Analysts Anticipate Watsco Inc (WSO) Will Post Earnings of $2.47 Per Share
www.americanbankingnews.com - April 28 at 9:18 AM |
| Q2 2018 EPS Estimates for Watsco Inc (WSO) Decreased by Seaport Global Securities
www.americanbankingnews.com - April 27 at 7:34 AM |
| Watsco Inc (WSO) to Post Q2 2018 Earnings of $2.51 Per Share, William Blair Forecasts
www.americanbankingnews.com - April 27 at 7:34 AM |
| Watsco Inc (WSO) to Post Q4 2018 Earnings of $1.15 Per Share, William Blair Forecasts
www.americanbankingnews.com - April 26 at 10:38 AM |
| Research Analysts Issue Forecasts for Watsco Inc's Q4 2018 Earnings (WSO)
www.americanbankingnews.com - April 26 at 10:38 AM |
| Analysts Issue Forecasts for Watsco Inc's Q2 2018 Earnings (WSO)
www.americanbankingnews.com - April 26 at 8:28 AM |
| Stifel Nicolaus Increases Watsco (WSO) Price Target to $194.00
www.americanbankingnews.com - April 25 at 10:48 AM |
| Watsco's (WSO) Buy Rating Reiterated at Robert W. Baird
www.americanbankingnews.com - April 25 at 8:24 AM |
| Watsco's (WSO) "Hold" Rating Reiterated at Stephens
www.americanbankingnews.com - April 24 at 5:22 PM |
 | Watsco's (WSO) CEO Albert Nahmad on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - April 24 at 4:32 PM |
| Growth Picks Up as Watsco Enters the Hot Season
finance.yahoo.com - April 24 at 4:32 PM |
| Watsco (WSO) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - April 24 at 11:16 AM |
| Watsco Sets New Records for Sales, Operating Income, Net Income and EPS During First Quarter
www.nasdaq.com - April 24 at 9:36 AM |
| Watsco EPS in-line, beats on revenue
seekingalpha.com - April 24 at 9:36 AM |
| Watsco Sets New Records for Sales, Operating Income, Net Income and EPS During First Quarter
finance.yahoo.com - April 24 at 9:36 AM |
| Watsco: 1Q Earnings Snapshot
finance.yahoo.com - April 24 at 9:36 AM |
 | Construction Stocks Apr 24 Q1 Earnings Roster: MAS, SHW & WSO
www.msn.com - April 23 at 4:18 PM |
| Why Earnings Season Could Be Great for Watsco (WSO)
finance.yahoo.com - April 20 at 9:51 AM |
| Watsco (WSO) Raised to "Buy" at Zacks Investment Research
www.americanbankingnews.com - April 16 at 2:24 PM |
| Watsco (WSO) Scheduled to Post Earnings on Monday
www.americanbankingnews.com - April 16 at 3:15 AM |
| Watsco Inc (WSO) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - April 15 at 11:29 AM |
| Watsco Inc (WSO) Expected to Post Quarterly Sales of $913.92 Million
www.americanbankingnews.com - April 13 at 4:04 AM |
| Ex-Dividend Alert: Watsco Boosted its Dividend by 16%; Will Trade Ex-Dividend on April 13, 2018
finance.yahoo.com - April 12 at 10:34 AM |
| $0.89 Earnings Per Share Expected for Watsco Inc (WSO) This Quarter
www.americanbankingnews.com - April 11 at 9:19 AM |
| Watsco to Host 2018 First Quarter Earnings Conference Call April 24, 2018
finance.yahoo.com - April 6 at 10:09 AM |
| Watsco's (WSO) "Buy" Rating Reiterated at Stifel Nicolaus
www.americanbankingnews.com - April 4 at 6:26 AM |
| Watsco Inc (WSO) Short Interest Update
www.americanbankingnews.com - April 3 at 1:04 AM |
| Watsco (WSO) Rating Increased to Buy at ValuEngine
www.americanbankingnews.com - April 2 at 10:26 PM |
| Watsco Inc (WSO) Increases Dividend to $1.45 Per Share
www.americanbankingnews.com - April 2 at 11:04 AM |
| Financial Comparison: Watsco (WSO) versus Its Competitors
www.americanbankingnews.com - March 31 at 5:16 AM |
| Comparing Cemex SAB de CV (CX) & Watsco (WSO)
www.americanbankingnews.com - March 28 at 1:04 AM |
| Analyzing Watsco (WSO) and LSI Industries (LYTS)
www.americanbankingnews.com - March 27 at 7:23 PM |
| $912.85 Million in Sales Expected for Watsco Inc (WSO) This Quarter
www.americanbankingnews.com - March 27 at 4:58 AM |
| 3 Hot Mid-Caps to Buy Now According to Quant Billionaires
finance.yahoo.com - March 26 at 10:05 AM |
| Head-To-Head Survey: Watsco (WSO) vs. The Competition
www.americanbankingnews.com - March 24 at 5:22 PM |
| Contrasting Eagle Materials (EXP) & Watsco (WSO)
www.americanbankingnews.com - March 23 at 12:48 PM |
| Reasons Why Watsco is Worth Holding in Your Portfolio Now
finance.yahoo.com - March 22 at 4:15 PM |
| Watsco Inc (WSO) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - March 21 at 12:38 PM |
| Is Watsco Inc’s (NYSE:WSO) 16.59% ROE Strong Compared To Its Industry?
finance.yahoo.com - March 20 at 4:11 PM |
| Zacks Investment Research Lowers Watsco (WSO) to Hold
www.americanbankingnews.com - March 20 at 2:04 PM |
| Top Ranked Income Stocks to Buy for March 15th
finance.yahoo.com - March 15 at 4:46 PM |
 | Top Ranked Income Stocks to Buy for March 12th
www.zacks.com - March 12 at 10:37 AM |
Watsco (NYSE:WSO) SEC Filings
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Watsco (NYSE:WSO) Income Statement, Balance Sheet and Cash Flow Statement
Watsco (NYSE WSO) Stock Chart for Wednesday, May, 23, 2018
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