NYSE:WSO Watsco - WSO Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Watsco, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $318.16 +2.91 (+0.92%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$315.69▼$319.6150-Day Range$272.45▼$324.1052-Week Range$220.68▼$343.85Volume238,465 shsAverage Volume289,787 shsMarket Capitalization$12.35 billionP/E Ratio20.65Dividend Yield3.08%Price Target$313.67 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Watsco MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside1.4% Downside$313.67 Price TargetShort InterestBearish9.25% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.77Upright™ Environmental ScoreNews Sentiment0.41Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth4.20%From $13.82 to $14.40 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.72 out of 5 starsConstruction Sector92nd out of 106 stocksHardware, & Plumbing & Heating Equipment & Supplies Industry1st out of 1 stocks 1.2 Analyst's Opinion Consensus RatingWatsco has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $313.67, Watsco has a forecasted downside of 1.4% from its current price of $318.16.Amount of Analyst CoverageWatsco has only been the subject of 4 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted9.25% of the outstanding shares of Watsco have been sold short.Short Interest Ratio / Days to CoverWatsco has a short interest ratio ("days to cover") of 12.5, which indicates bearish sentiment.Change versus previous monthShort interest in Watsco has recently decreased by 4.01%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend YieldWatsco pays a meaningful dividend of 3.10%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthWatsco has been increasing its dividend for 10 years.Dividend CoverageThe dividend payout ratio of Watsco is 63.60%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Watsco will have a dividend payout ratio of 68.06% next year. This indicates that Watsco will be able to sustain or increase its dividend. Previous Next 2.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreWatsco has received a 6.77% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Underfloor cooling systems for homes", "Underfloor heating systems for homes", and "Building ventilation systems" products. See details.Environmental SustainabilityThe Environmental Impact score for Watsco is -2.77. Previous Next 1.3 News and Social Media Coverage News SentimentWatsco has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Construction companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Watsco this week, compared to 4 articles on an average week.Search InterestOnly 6 people have searched for WSO on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Watsco to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Watsco insiders have not sold or bought any company stock.Percentage Held by Insiders13.94% of the stock of Watsco is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions84.73% of the stock of Watsco is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Watsco are expected to grow by 4.20% in the coming year, from $13.82 to $14.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Watsco is 20.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.12.Price to Earnings Ratio vs. SectorThe P/E ratio of Watsco is 20.65, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 14.21.Price to Book Value per Share RatioWatsco has a P/B Ratio of 5.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Watsco (NYSE:WSO) StockWatsco, Inc. engages in the distribution of air conditioning, heating and refrigeration equipment, and related parts and supplies. Its products include residential central air conditioners, gas, electric & oil furnaces, commercial air conditioning and heating equipment, and other specialized equipment and parts, including replacement compressors, evaporator coils, motors and other component parts and supplies, including thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies. The company was founded by William Wagner in 1956 and is headquartered in Miami, FL.Read More Receive WSO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Watsco and its competitors with MarketBeat's FREE daily newsletter. Email Address WSO Stock News HeadlinesMarch 17, 2023 | finance.yahoo.comWatsco Completes $600 Million Unsecured Credit FacilityMarch 14, 2023 | finance.yahoo.comWatsco to Present at the J.P. Morgan 2023 Industrials Conference on March 15, 2023April 2, 2023 | Legacy Research (Affiliate) (Ad)Bear market expert makes new predictionNobody believed Larry Benedict's prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, "It seems like there's much more to come." Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that "all the indexes will be negative for the year," with the Nasdaq leading the way. Once again, he was spot-on.February 20, 2023 | seekingalpha.com3 Key Takeaways From Watsco's Q4 EarningsFebruary 20, 2023 | seekingalpha.comWatsco: Great Performance At A Decent PriceFebruary 16, 2023 | finance.yahoo.comWatsco (WSO) Tops Q4 Earnings EstimatesFebruary 16, 2023 | finance.yahoo.comWhy Shares in Dividend Investors' Favorite, Watsco, Soared This WeekFebruary 15, 2023 | seekingalpha.comWatsco Q4 2022 Earnings PreviewApril 2, 2023 | Legacy Research (Affiliate) (Ad)Bear market expert makes new predictionNobody believed Larry Benedict's prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, "It seems like there's much more to come." Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that "all the indexes will be negative for the year," with the Nasdaq leading the way. Once again, he was spot-on.February 14, 2023 | finance.yahoo.comWatsco (WSO) to Release Q4 Earnings: What's in the Cards?February 11, 2023 | finance.yahoo.comCalculating The Fair Value Of Watsco, Inc. (NYSE:WSO)January 20, 2023 | finance.yahoo.comWatsco, Inc.'s (NYSE:WSO) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?January 20, 2023 | finance.yahoo.comWatsco to Host 2022 Earnings Call February 16, 2023January 14, 2023 | finance.yahoo.com3 Mid-Cap Dividend Stocks to Buy in JanuaryJanuary 6, 2023 | finance.yahoo.comWatsco (NYSE:WSO) Will Pay A Larger Dividend Than Last Year At $2.45December 27, 2022 | finance.yahoo.comDo Watsco's (NYSE:WSO) Earnings Warrant Your Attention?December 19, 2022 | finance.yahoo.comShould You Consider Adding Watsco (WSO) to Your Portfolio?November 9, 2022 | finance.yahoo.comWatsco Third Quarter 2022 Earnings: EPS Misses ExpectationsOctober 31, 2022 | finance.yahoo.comWatsco's (NYSE:WSO) 14% CAGR outpaced the company's earnings growth over the same five-year periodOctober 20, 2022 | in.investing.comWatsco Misses Q3 EPS by 37c By Investing.com - Investing.com IndiaOctober 20, 2022 | uk.investing.comWatsco Earnings miss, Revenue Inline In Q3 By Investing.com - Investing.com UKOctober 20, 2022 | in.investing.comWatsco earnings miss, Revenue Inline in Q3 - Investing.com IndiaOctober 20, 2022 | globenewswire.comWatsco Reports Record-Breaking Third Quarter - GlobeNewswireOctober 20, 2022 | finance.yahoo.comWatsco Boosts Annual Dividend 11% to $9.80 Per ShareOctober 19, 2022 | benzinga.comA Preview Of Watsco's Earnings - Watsco (NYSE:WSO) - BenzingaOctober 19, 2022 | seekingalpha.comWatsco Q3 2022 Earnings Preview (NYSE:WSO) - Seeking AlphaOctober 18, 2022 | nasdaq.comWatsco (WSO) to Report Q3 Earnings: Factors to Consider - NasdaqSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive WSO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Watsco and its competitors with MarketBeat's FREE daily newsletter. Email Address WSO Company Calendar Ex-Dividend for 1/31 Dividend1/13/2023Dividend Payable1/31/2023Last Earnings2/16/2023Today4/01/2023Next Earnings (Estimated)4/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Hardware, & plumbing & heating equipment & supplies Sub-IndustryTrading Companies & Distributors SectorConstruction Current SymbolNYSE:WSO CUSIP94262220 CIK105016 Webwww.watsco.com Phone(305) 714-4100Fax305-858-4492Employees7,275Year Founded1945Price Target and Rating Average Stock Price Forecast$313.67 High Stock Price Forecast$375.00 Low Stock Price Forecast$218.00 Forecasted Upside/Downside-1.4%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$15.41 Trailing P/E Ratio20.65 Forward P/E Ratio23.02 P/E GrowthN/ANet Income$601.17 million Net Margins8.26% Pretax Margin11.40% Return on Equity25.17% Return on Assets15.56% Debt Debt-to-Equity Ratio0.01 Current Ratio2.54 Quick Ratio1.02 Sales & Book Value Annual Sales$7.27 billion Price / Sales1.70 Cash Flow$15.30 per share Price / Cash Flow20.80 Book Value$58.04 per share Price / Book5.48Miscellaneous Outstanding Shares38,830,000Free Float33,415,000Market Cap$12.35 billion OptionableOptionable Beta0.89 Social Links Key ExecutivesAlbert H. NahmadChairman & Chief Executive OfficerAaron J. NahmadPresident & DirectorAna M. MenendezChief Financial Officer & TreasurerSteven RuppChief Technology OfficerMarcos TrinidadDirector-Technology & Supply ChainKey CompetitorsWatscoNYSE:WSO.BPulteGroupNYSE:PHMAECOMNYSE:ACMRPM InternationalNYSE:RPMMascoNYSE:MASView All CompetitorsInsiders & InstitutionsVictory Capital Management Inc.Sold 14,842 shares on 3/10/2023Ownership: 0.361%Rockefeller Capital Management L.P.Sold 64 shares on 3/6/2023Ownership: 0.006%Robotti RobertSold 1,500 shares on 3/3/2023Ownership: 0.004%Loring Wolcott & Coolidge Fiduciary Advisors LLP MABought 4,259 shares on 3/2/2023Ownership: 0.080%Voya Investment Management LLCSold 81 shares on 2/28/2023Ownership: 0.033%View All Insider TransactionsView All Institutional Transactions WSO Stock - Frequently Asked Questions Should I buy or sell Watsco stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last year. There are currently 1 sell rating, 2 hold ratings and 3 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 forecast for 2023? 6 Wall Street analysts have issued twelve-month price targets for Watsco's stock. Their WSO share price forecasts range from $218.00 to $375.00. On average, they expect the company's share price to reach $313.67 in the next twelve months. This suggests that the stock has a possible downside of 1.4%. 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 shares have increased by 27.6% and is now trading at $318.16. 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, April 20th 2023. View our WSO earnings forecast. How were Watsco's earnings last quarter? Watsco, Inc. (NYSE:WSO) announced its quarterly earnings results on Thursday, February, 16th. The construction company reported $2.35 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.23. The construction company earned $1.58 billion during the quarter, compared to analysts' expectations of $1.61 billion. Watsco had a trailing twelve-month return on equity of 25.17% and a net margin of 8.26%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business earned $2.02 earnings per share. How often does Watsco pay dividends? What is the dividend yield for Watsco? Watsco announced a quarterly dividend on Tuesday, January 3rd. Shareholders of record on Tuesday, January 17th will be paid a dividend of $2.45 per share on Tuesday, January 31st. This represents a $9.80 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, January 13th. This is a boost from the stock's previous quarterly dividend of $2.20. Read our dividend analysis for WSO. What ETFs hold Watsco's stock? ETFs with the largest weight of Watsco (NYSE:WSO) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), Invesco DWA Industrials Momentum ETF (PRN), Motley Fool Global Opportunities ETF (TMFG), Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Inspire Faithward Mid Cap Momentum ETF (GLRY) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV). 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 3.10%. 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 63.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WSO will have a dividend payout ratio of 68.06% 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). What is Watsco's stock symbol? Watsco trades on the New York Stock Exchange (NYSE) under the ticker symbol "WSO." 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. What is Watsco's stock price today? One share of WSO stock can currently be purchased for approximately $318.16. How much money does Watsco make? Watsco (NYSE:WSO) has a market capitalization of $12.35 billion and generates $7.27 billion in revenue each year. The construction company earns $601.17 million in net income (profit) each year or $15.41 on an earnings per share basis. How many employees does Watsco have? The company employs 7,275 workers across the globe. How can I contact Watsco? Watsco's mailing address is 2665 SOUTH BAYSHORE DRIVE SUITE 901, MIAMI FL, 33133. The official website for the company is www.watsco.com. The construction company can be reached via phone at (305) 714-4100, via email at info@watsco.com, or via fax at 305-858-4492. This page (NYSE:WSO) was last updated on 4/2/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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