Shares of Watsco, Inc. (NYSE:WSO) have been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $157.00.
A number of research analysts recently commented on WSO shares. Morgan Stanley reiterated an “underweight” rating and issued a $141.00 price target (up previously from $139.00) on shares of Watsco in a research note on Wednesday, July 26th. Robert W. Baird reiterated a “buy” rating and issued a $163.00 price target on shares of Watsco in a research note on Friday, September 1st. Wolfe Research started coverage on shares of Watsco in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered shares of Watsco from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, BidaskClub lowered shares of Watsco from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th.
Watsco (NYSE:WSO) traded up 0.62% during midday trading on Friday, reaching $160.29. The company had a trading volume of 343,629 shares. The stock’s 50 day moving average price is $157.41 and its 200-day moving average price is $148.53. Watsco has a one year low of $128.60 and a one year high of $163.95. The firm has a market capitalization of $5.24 billion, a P/E ratio of 29.64 and a beta of 0.84.
Watsco (NYSE:WSO) last announced its quarterly earnings results on Tuesday, July 25th. The construction company reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.05. Watsco had a net margin of 4.29% and a return on equity of 14.52%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business earned $1.82 EPS. Watsco’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Watsco will post $5.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.12%. Watsco’s payout ratio is presently 93.11%.
Several large investors have recently made changes to their positions in WSO. Winslow Evans & Crocker Inc. grew its position in shares of Watsco by 300.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 800 shares of the construction company’s stock worth $123,000 after purchasing an additional 600 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in shares of Watsco during the 2nd quarter worth approximately $125,000. Public Employees Retirement Association of Colorado grew its position in shares of Watsco by 15.7% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 952 shares of the construction company’s stock worth $147,000 after purchasing an additional 129 shares in the last quarter. Creative Planning grew its position in shares of Watsco by 6.1% during the 2nd quarter. Creative Planning now owns 1,039 shares of the construction company’s stock worth $160,000 after purchasing an additional 60 shares in the last quarter. Finally, Dudley & Shanley LLC acquired a new position in shares of Watsco during the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 81.63% of the company’s stock.
Watsco Company Profile
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.
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