Watsco Stock Forecast, Price & News

Watsco's stock was trading at $164.89 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WSO stock has increased by 55.9% and is now trading at $257.08.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Watsco wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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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.

Watsco is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for Watsco.

Watsco, Inc. (NYSE:WSO) issued its earnings results on Thursday, October, 22nd. The construction company reported $2.76 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.53 by $0.23. The construction company earned $1.54 billion during the quarter, compared to analysts' expectations of $1.50 billion. Watsco had a trailing twelve-month return on equity of 13.38% and a net margin of 4.77%. The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.20 earnings per share.
View Watsco's earnings history.

Watsco declared a quarterly dividend on Monday, January 4th. Stockholders of record on Friday, January 15th will be paid a dividend of $1.775 per share on Friday, January 29th. This represents a $7.10 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Thursday, January 14th.
View Watsco's dividend history.

Watsco pays an annual dividend of $7.10 per share and currently has a dividend yield of 2.81%. Watsco does not yet have a strock track record of dividend growth. The dividend payout ratio of Watsco is 109.23%. 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 104.72% in the coming year. This indicates that Watsco may not be able to sustain their current dividend.
View Watsco's dividend history.

9 brokers have issued 1 year target prices for Watsco's stock. Their forecasts range from $160.00 to $250.00. On average, they anticipate Watsco's share price to reach $195.33 in the next year. This suggests that the stock has a possible downside of 24.0%.
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Some companies that are related to Watsco include Fastenal (FAST), W.W. Grainger (GWW), United Rentals (URI), Air Lease (AL), MSC Industrial Direct (MSM), WESCO International (WCC), Applied Industrial Technologies (AIT), GATX (GATX), Beacon Roofing Supply (BECN), Rush Enterprises (RUSHA), Kaman (KAMN), Textainer Group (TGH), H&E Equipment Services (HEES), 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 institutional and retail investors. Top institutional shareholders include DAVENPORT & Co LLC (1.62%), Welch & Forbes LLC (0.50%), Riverbridge Partners LLC (0.36%), KAMES CAPITAL plc (0.32%), Stock Yards Bank & Trust Co. (0.15%) and Handelsinvest Investeringsforvaltning (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 Riverbridge Partners LLC, Pacer Advisors Inc., DAVENPORT & Co LLC, Donaldson Capital Management LLC, Vision Capital Management Inc., State of Alaska Department of Revenue, Raymond James Trust N.A., and Taylor Frigon Capital Management 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 bought by a variety of institutional investors in the last quarter, including Centaurus Financial Inc., KAMES CAPITAL plc, OLD National Bancorp IN, Handelsinvest Investeringsforvaltning, Strs Ohio, Welch & Forbes LLC, Stock Yards Bank & Trust Co., and Nisa Investment Advisors LLC.
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.

One share of WSO stock can currently be purchased for approximately $257.08.

Watsco has a market capitalization of $9.89 billion and generates $4.77 billion in revenue each year. The construction company earns $245.95 million in net income (profit) each year or $6.50 on an earnings per share basis. Watsco employs 5,700 workers across the globe.

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

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]