Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products. It distributes products consisting of equipment, including residential ducted and ductless air conditioners ranging from 1 to 5 tons, gas, electric and oil furnaces ranging from 50,000 to 150,000 British Thermal Units, commercial air conditioning and heating equipment and systems ranging from 1.5 to 25 tons and other specialized equipment; parts, including replacement compressors and motors, and supplies, including ductwork, grills, registers, sheet metal, adhesives and other ancillary supplies. It also sells products to the refrigeration market.
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 Ratio1.38%
Price-To-Earnings
Trailing P/E Ratio30.78
Forward P/E Ratio25.03
P/E GrowthN/A
Sales & Book Value
Annual Sales$4.34 billion
Price / Sales1.46
Cash Flow$6.0074 per share
Price / Cash28.37
Book Value$41.54 per share
Price / Book4.10
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 Shares37,310,000
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. Shareholders 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 3.40%. The ex-dividend date is Friday, April 13th. This is a boost from Watsco's previous quarterly dividend of $1.25. View Watsco's Dividend History.
How were Watsco's earnings last quarter?
Watsco Inc (NYSE:WSO) posted its earnings results on Tuesday, April, 24th. The construction company reported $0.89 EPS for the quarter, meeting the Zacks' consensus estimate of $0.89. The construction company had revenue of $926.58 million for the quarter, compared to analysts' expectations of $911.45 million. Watsco had a net margin of 4.92% and a return on equity of 14.44%. Watsco's revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. View Watsco's Earnings History.
What price target have analysts set for WSO?
9 analysts have issued twelve-month price targets for Watsco's shares. Their forecasts range from $156.00 to $195.00. On average, they anticipate Watsco's stock price to reach $177.7143 in the next twelve months. View Analyst Ratings for Watsco.
Are investors shorting Watsco?
Watsco saw a increase in short interest in March. As of March 15th, there was short interest totalling 1,092,542 shares, an increase of 58.3% from the February 28th total of 690,092 shares. Based on an average daily trading volume, of 305,735 shares, the days-to-cover ratio is presently 3.6 days. Approximately 3.6% of the shares of the stock are sold short.
Who are some of Watsco's key competitors?
Some companies that are related to Watsco include HeidelbergCement (HDELY), Lennar (LEN), D. R. Horton (DHI), Ferrovial (FRRVY), Vulcan Materials (VMC), Lennar (LEN.B), United Rentals (URI), Sekisui House (SKHSY), Martin Marietta Materials (MLM), Persimmon (PSMMY), Masco (MAS), NVR (NVR), Rollins (ROL), Cemex (CX) and Taylor Wimpey (TWODY).
Who are Watsco's key executives?
Watsco's management team includes the folowing people:
- Albert H. Nahmad, Chairman of the Board, Chief Executive Officer (Age 76)
- Aaron J. Nahmad, President, Director (Age 35)
- Bob L. Moss, Vice Chairman of the Board, Lead Independent Director (Age 69)
- Ana M. Menendez, Chief Financial Officer, Treasurer, Assistant Secretary (Age 52)
- Barry S. Logan, Senior Vice President, Secretary, Director (Age 54)
- David C. Darnell, Independent Director (Age 64)
- Denise E. Dickins, Independent Director (Age 55)
- Jason Epstein, Independent Director (Age 43)
- George P. Sape, Independent Director (Age 72)
Has Watsco been receiving favorable news coverage?
Media coverage about WSO stock has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Watsco earned a media sentiment score of 0.11 on Accern's scale. They also assigned headlines about the construction company an impact score of 47.48 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
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 $170.83.
How big of a company is Watsco?
Watsco has a market capitalization of $6.48 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.
9 Wall Street analysts have issued ratings and price targets for Watsco in the last 12 months. Their average twelve-month price target is $177.7143, suggesting that the stock has a possible upside of 4.27%. 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 5 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 | Buy | Hold |
| Consensus Rating Score: | 2.44 | 2.44 | 2.50 | 2.33 |
| Ratings Breakdown: | 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)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $177.7143 | $166.5714 | $158.25 | $158.25 |
| Price Target Upside: | 4.27% upside | 0.96% upside | 4.02% downside | 4.17% downside |
Watsco (NYSE:WSO) Consensus Price Target History
Watsco (NYSE:WSO) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Watsco (NYSE:WSO) Dividend Information
Watsco pays an annual dividend of $5.80 per share, with a dividend yield of 3.40%. WSO's next quarterly dividend payment will be made on 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.
| Next Dividend: | 4/30/2018 |
| Annual Dividend: | $5.80 |
| Dividend Yield: | 3.40% |
| Dividend Growth: | 32.00% (3 Year Average) |
| Payout Ratio: | 105.84% (Trailing 12 Months of Earnings)
85.17% (Based on This Year's Estimates)
77.23% (Based on Next Year's Estimates)
|
| 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: 13.93%
Institutional Ownership Percentage: 81.62%
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 |
|---|
 | 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 & Baird to Co-Host Technology Summit for Institutional Investors
finance.yahoo.com - March 9 at 10:14 AM |
| WINTON GROUP Ltd Acquires Shares of 34,672 Watsco Inc (WSO)
www.americanbankingnews.com - March 6 at 4:10 PM |
| Koch Industries Inc. Takes $1.37 Million Position in Watsco Inc (WSO)
www.americanbankingnews.com - March 5 at 3:06 PM |
| Best Rated NYSE Industrial Dividend Stocks
finance.yahoo.com - March 3 at 4:59 PM |
| BlackRock Inc. Raises Position in Watsco Inc (WSO)
www.americanbankingnews.com - March 3 at 4:46 AM |
| California Public Employees Retirement System Has $10.12 Million Position in Watsco Inc (WSO)
www.americanbankingnews.com - March 2 at 5:21 AM |
| Bank of New York Mellon Corp Has $92.73 Million Holdings in Watsco Inc (WSO)
www.americanbankingnews.com - March 2 at 4:50 AM |
| Arizona State Retirement System Has $3.74 Million Holdings in Watsco Inc (WSO)
www.americanbankingnews.com - March 2 at 4:30 AM |
| Watsco Inc (WSO) Shares Bought by The Manufacturers Life Insurance Company
www.americanbankingnews.com - March 1 at 6:04 PM |
| Raymond James Financial Services Advisors Inc. Raises Holdings in Watsco Inc (WSO)
www.americanbankingnews.com - March 1 at 7:36 AM |
| Watsco Inc (WSO) Holdings Lifted by Brown Advisory Inc.
www.americanbankingnews.com - March 1 at 5:16 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 Thursday, April, 26, 2018
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