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 Daily Premium 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. $314.18 -2.46 (-0.78%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$311.00▼$319.8450-Day Range$247.00▼$316.6452-Week Range$220.68▼$319.84Volume249,837 shsAverage Volume246,461 shsMarket Capitalization$12.17 billionP/E Ratio22.64Dividend Yield3.12%Price Target$294.17 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Watsco MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside6.4% Downside$294.17 Price TargetShort InterestBearish10.09% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.77Upright™ Environmental ScoreNews Sentiment0.42Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth-3.35%From $14.02 to $13.55 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.1.56 out of 5 starsConstruction Sector94th out of 105 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 $294.17, Watsco has a forecasted downside of 6.4% from its current price of $314.18.Amount of Analyst CoverageWatsco has only been the subject of 1 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted10.09% 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 15, which indicates bearish sentiment.Change versus previous monthShort interest in Watsco has recently increased by 5.11%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldWatsco pays a meaningful dividend of 3.12%, 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 70.61%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Watsco will have a dividend payout ratio of 72.32% 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 1.9 News and Social Media Coverage News SentimentWatsco has a news sentiment score of 0.42. 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 is a lower news sentiment than the 0.55 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Watsco this week, compared to 4 articles on an average week.Search Interest5 people have searched for WSO on MarketBeat in the last 30 days. This is an increase of 25% 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 -33% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Watsco are expected to decrease by -3.35% in the coming year, from $14.02 to $13.55 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Watsco is 22.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Watsco is 22.64, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 18.04.Price to Book Value per Share RatioWatsco has a P/B Ratio of 6.10. 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. Its products include residential central air conditioners, gas, electric & oil furnaces, commercial air conditioning & 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 HeadlinesJanuary 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, 2023February 5, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 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 ExpectationsFebruary 5, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! October 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 - NasdaqOctober 18, 2022 | finance.yahoo.comWatsco (WSO) to Report Q3 Earnings: Factors to ConsiderOctober 17, 2022 | seekingalpha.comInvestor Day Shows A Clear Path For W.W. Grainger (NYSE:GWW) - Seeking AlphaOctober 16, 2022 | finance.yahoo.comWhat Is Watsco, Inc.'s (NYSE:WSO) Share Price Doing? - Yahoo FinanceOctober 16, 2022 | finance.yahoo.comWhat Is Watsco, Inc.'s (NYSE:WSO) Share Price Doing?October 15, 2022 | investorplace.com7 Under the Radar Dividend Growth Stocks With Upside Potential - InvestorPlaceOctober 12, 2022 | nasdaq.comEx-Dividend Reminder: Watsco, Acuity Brands and RPM International - NasdaqOctober 12, 2022 | nasdaq.comWatsco (NYSE:WSO) Seems To Use Debt Rather Sparingly - NasdaqOctober 12, 2022 | finance.yahoo.com10 Best High-Dividend Stocks to Buy Now - Yahoo FinanceOctober 6, 2022 | finance.yahoo.comWatsco’s Earnings Call to Discuss Third Quarter Results Scheduled on October 20, 2022See 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 Last Earnings10/19/2021Ex-Dividend for 1/31 Dividend1/13/2023Dividend Payable1/31/2023Today2/05/2023Next Earnings (Confirmed)2/16/2023Fiscal 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) 714-4100Fax305-858-4492Employees6,900Year Founded1945Price Target and Rating Average Stock Price Forecast$294.17 High Stock Price Forecast$350.00 Low Stock Price Forecast$218.00 Forecasted Upside/Downside-6.4%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$13.88 Trailing P/E Ratio22.64 Forward P/E Ratio22.41 P/E GrowthN/ANet Income$418.95 million Net Margins7.53% Pretax Margin11.31% Return on Equity25.19% Return on Assets15.57% Debt Debt-to-Equity Ratio0.01 Current Ratio2.57 Quick Ratio1.09 Sales & Book Value Annual Sales$6.28 billion Price / Sales1.94 Cash Flow$11.53 per share Price / Cash Flow27.25 Book Value$51.52 per share Price / Book6.10Miscellaneous Outstanding Shares38,740,000Free Float33,336,000Market Cap$12.17 billion OptionableOptionable Beta0.92 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.BRPM InternationalNYSE:RPMAECOMNYSE:ACMMascoNYSE:MASJames Hardie IndustriesNYSE:JHXView All CompetitorsInsiders & InstitutionsMarkel CorpBought 38,000 shares on 2/3/2023Ownership: 1.291%OLD National Bancorp INBought 973 shares on 2/3/2023Ownership: 0.062%Cutter & CO Brokerage Inc.Bought 328 shares on 2/3/2023Ownership: 0.032%Peterson Financial Group Inc.Bought 1,689 shares on 2/3/2023Ownership: 0.004%U.S. Capital Wealth Advisors LLCBought 137 shares on 2/3/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions WSO Stock - Frequently Asked Questions Should I buy or sell Watsco stock right now? 6 Wall Street equities 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 equities 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 research analysts have issued 1-year price objectives for Watsco's shares. Their WSO share price forecasts range from $218.00 to $350.00. On average, they predict the company's stock price to reach $294.17 in the next twelve months. This suggests that the stock has a possible downside of 6.4%. 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 start of the year. Since then, WSO stock has increased by 26.0% and is now trading at $314.18. 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, February 16th 2023. View our WSO earnings forecast. How can I listen to Watsco's earnings call? Watsco will be holding an earnings conference call on Thursday, February 16th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Watsco's earnings last quarter? Watsco, Inc. (NYSE:WSO) released its quarterly earnings results on Tuesday, October, 19th. The construction company reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.55 by $0.07. The construction company earned $1.78 billion during the quarter, compared to the consensus estimate of $1.83 billion. Watsco had a net margin of 7.53% and a trailing twelve-month return on equity of 25.19%. The company's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.76 EPS. How often does Watsco pay dividends? What is the dividend yield for Watsco? Watsco declared a quarterly dividend on Tuesday, January 3rd. Investors of record on Tuesday, January 17th will be given a dividend of $2.45 per share on Tuesday, January 31st. This represents a $9.80 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Friday, January 13th. This is an increase from the stock's previous quarterly dividend of $2.20. Read our dividend analysis for WSO. 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 70.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WSO will have a dividend payout ratio of 72.32% 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." Who are Watsco's major shareholders? Watsco's stock is owned by a number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (5.63%), DAVENPORT & Co LLC (1.47%), Markel Corp (1.29%), Boston Financial Mangement LLC (0.93%), Caledonia Investments PLC (0.71%) and Welch & Forbes LLC (0.55%). Insiders that own company stock include Barry S Logan, Brian E Keeley, Cesar L Alvarez and George Sape. View institutional ownership trends. 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 $314.18. How much money does Watsco make? Watsco (NYSE:WSO) has a market capitalization of $12.17 billion and generates $7.20 billion in revenue each year. The construction company earns $418.95 million in net income (profit) each year or $13.88 on an earnings per share basis. How many employees does Watsco have? The company employs 6,900 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 2/5/2023 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.