NYSE:WSO Watsco (WSO) Stock Forecast, Price & News $324.23 -6.81 (-2.06%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$323.73▼$333.3150-Day Range$294.99▼$349.6852-Week Range$220.68▼$356.60Volume2.46 million shsAverage Volume336,244 shsMarket Capitalization$12.63 billionP/E Ratio21.14Dividend Yield3.02%Price Target$354.14 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Watsco MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside9.2% Upside$354.14 Price TargetShort InterestBearish10.14% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.77Upright™ Environmental ScoreNews Sentiment0.87Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth1.72%From $14.50 to $14.75 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.1.71 out of 5 starsConstruction Sector99th 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 $354.14, Watsco has a forecasted upside of 9.2% from its current price of $324.23.Amount of Analyst CoverageWatsco has only been the subject of 4 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted10.14% 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 increased by 7.63%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldWatsco pays a meaningful dividend of 3.01%, 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 63.89%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Watsco will have a dividend payout ratio of 66.44% 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 2.1 News and Social Media Coverage News SentimentWatsco has a news sentiment score of 0.87. 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 higher news sentiment than the 0.64 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Watsco this week, compared to 5 articles on an average week.Search InterestOnly 5 people have searched for WSO on MarketBeat in the last 30 days. This is a decrease of -17% 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 1.72% in the coming year, from $14.50 to $14.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Watsco is 21.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.56.Price to Earnings Ratio vs. SectorThe P/E ratio of Watsco is 21.14, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 12.73.Price to Book Value per Share RatioWatsco has a P/B Ratio of 5.47. 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 HeadlinesMay 30, 2023 | finance.yahoo.comIs Watsco (WSO) an Attractive Investment Option?May 28, 2023 | americanbankingnews.comWatsco, Inc. (NYSE:WSO) Receives Average Rating of "Hold" from AnalystsJune 1, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 26, 2023 | americanbankingnews.comUBS Group Raises Watsco (NYSE:WSO) Price Target to $340.00May 23, 2023 | markets.businessinsider.comAnalyst Expectations for Watsco's FutureMay 23, 2023 | msn.comUBS Maintains Watsco Inc. - (WSO) Neutral RecommendationMay 19, 2023 | finance.yahoo.comGibraltar (ROCK) Aided by Strategic Moves, Infrastructure DemandMay 19, 2023 | finance.yahoo.comZacks Industry Outlook Highlights Watsco, Comfort Systems USA and AAONJune 1, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 19, 2023 | americanbankingnews.comWatsco (NYSE:WSO) Earns Hold Rating from Analysts at StockNews.comMay 8, 2023 | finance.yahoo.comDoes Watsco (WSO) Have a Long Runway for Growth?May 4, 2023 | finance.yahoo.comWe Think Watsco (NYSE:WSO) Might Have The DNA Of A Multi-BaggerMay 3, 2023 | seekingalpha.comWatsco: Up 33% Year To Date, More Likely To ComeMay 3, 2023 | americanbankingnews.comWatsco, Inc. to Post Q2 2023 Earnings of $4.48 Per Share, Zacks Research Forecasts (NYSE:WSO)May 1, 2023 | finance.yahoo.comTop 5 Momentum Stocks for May Amid Fed's FOMC MeetingMay 1, 2023 | americanbankingnews.comWatsco, Inc. (NYSE:WSO) Receives $345.57 Average Target Price from AnalystsApril 27, 2023 | finance.yahoo.comWatsco, Inc. (NYSE:WSO) Q1 2023 Earnings Call TranscriptApril 26, 2023 | finance.yahoo.comWatsco (WSO) is a Great Momentum Stock: Should You Buy?April 26, 2023 | americanbankingnews.comDeutsche Bank Aktiengesellschaft Boosts Watsco (NYSE:WSO) Price Target to $380.00April 26, 2023 | americanbankingnews.comQ4 2023 EPS Estimates for Watsco, Inc. (NYSE:WSO) Cut by AnalystApril 26, 2023 | americanbankingnews.comWatsco, Inc. (NYSE:WSO) Forecasted to Post Q3 2023 Earnings of $4.17 Per ShareApril 26, 2023 | americanbankingnews.comQ2 2023 Earnings Estimate for Watsco, Inc. (NYSE:WSO) Issued By KeyCorpApril 25, 2023 | americanbankingnews.comWatsco (NYSE:WSO) Price Target Raised to $380.00 at KeyCorpApril 25, 2023 | americanbankingnews.comWilliam Blair Equities Analysts Cut Earnings Estimates for Watsco, Inc. (NYSE:WSO)April 24, 2023 | americanbankingnews.comWatsco (NYSE:WSO) Given New $400.00 Price Target at StephensApril 24, 2023 | americanbankingnews.comLoop Capital Boosts Watsco (NYSE:WSO) Price Target to $335.00April 24, 2023 | americanbankingnews.comWatsco (NYSE:WSO) Price Target Raised to $289.00See 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 4/28 Dividend4/14/2023Last Earnings4/20/2023Dividend Payable4/28/2023Today6/01/2023Next Earnings (Estimated)7/25/2023Fiscal 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$354.14 High Stock Price Forecast$400.00 Low Stock Price Forecast$289.00 Forecasted Upside/Downside+9.2%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$15.34 Trailing P/E Ratio21.14 Forward P/E Ratio22.36 P/E GrowthN/ANet Income$601.17 million Net Margins8.19% Pretax Margin11.27% Return on Equity24.40% Return on Assets15.13% Debt Debt-to-Equity Ratio0.09 Current Ratio2.73 Quick Ratio1.03 Sales & Book Value Annual Sales$7.27 billion Price / Sales1.74 Cash Flow$15.16 per share Price / Cash Flow21.39 Book Value$59.26 per share Price / Book5.47Miscellaneous Outstanding Shares38,960,000Free Float33,526,000Market Cap$12.63 billion OptionableOptionable Beta0.91 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.BMascoNYSE:MASJames Hardie IndustriesNYSE:JHXPulteGroupNYSE:PHMAECOMNYSE:ACMView All CompetitorsInstitutional OwnershipProShare Advisors LLCSold 189 shares on 5/26/2023Ownership: 0.005%Toroso Investments LLCBought 816 shares on 5/23/2023Ownership: 0.002%Ameriprise Financial Inc.Bought 15,625 shares on 5/22/2023Ownership: 0.168%Trivant Custom Portfolio Group LLCBought 442 shares on 5/19/2023Ownership: 0.001%Centaurus Financial Inc.Sold 324 shares on 5/18/2023Ownership: 0.020%View All Institutional Transactions WSO Stock - Frequently Asked Questions Should I buy or sell Watsco stock right now? 6 Wall Street 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 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 12 month price targets for Watsco's stock. Their WSO share price forecasts range from $289.00 to $400.00. On average, they predict the company's stock price to reach $354.14 in the next year. This suggests a possible upside of 9.2% from the stock's current price. 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 on January 1st, 2023. Since then, WSO stock has increased by 30.0% and is now trading at $324.2250. 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 Tuesday, July 25th 2023. View our WSO earnings forecast. How were Watsco's earnings last quarter? Watsco, Inc. (NYSE:WSO) posted its earnings results on Thursday, April, 20th. The construction company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.58. The construction company earned $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Watsco had a trailing twelve-month return on equity of 24.40% and a net margin of 8.19%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $2.90 earnings per share. How often does Watsco pay dividends? What is the dividend yield for Watsco? Watsco announced a quarterly dividend on Monday, April 3rd. Investors of record on Monday, April 17th will be paid a dividend of $2.45 per share on Friday, April 28th. This represents a $9.80 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, April 14th. 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 Timothy Plan Market Neutral ETF (TPMN), Motley Fool Mid-Cap Growth ETF (TMFM), 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 3.01%. 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 63.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WSO will have a dividend payout ratio of 66.44% 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 BlackRock Inc. (10.18%), Baillie Gifford & Co. (5.10%), Kayne Anderson Rudnick Investment Management LLC (4.29%), FMR LLC (3.44%), Charles Schwab Investment Management Inc. (3.41%) and State Street Corp (2.42%). 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 $324.23. How much money does Watsco make? Watsco (NYSE:WSO) has a market capitalization of $12.63 billion and generates $7.27 billion in revenue each year. The construction company earns $601.17 million in net income (profit) each year or $15.34 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 6/1/2023 by MarketBeat.com Staff 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. 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.