Shares of Watsco Inc (NYSE:WSO) have earned an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $158.25.
Several equities research analysts have recently issued reports on the company. KeyCorp reaffirmed a “buy” rating on shares of Watsco in a research note on Friday, November 17th. Morgan Stanley raised their price objective on Watsco from $151.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Watsco from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $154.00 price objective on shares of Watsco in a research note on Thursday, September 7th.
Shares of Watsco (NYSE WSO) traded up $0.02 during trading on Friday, reaching $170.31. The company had a trading volume of 174,200 shares, compared to its average volume of 151,733. Watsco has a 52 week low of $134.08 and a 52 week high of $172.00. The company has a market capitalization of $6,086.33, a price-to-earnings ratio of 31.48 and a beta of 0.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.42 and a current ratio of 3.13.
Watsco (NYSE:WSO) last announced its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.13). Watsco had a net margin of 4.46% and a return on equity of 15.00%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted $1.78 earnings per share. Watsco’s quarterly revenue was down .9% on a year-over-year basis. sell-side analysts predict that Watsco will post 5.59 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.94%. Watsco’s payout ratio is 92.42%.
In other news, SVP Barry S. Logan sold 3,246 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $164.30, for a total value of $533,317.80. Following the sale, the senior vice president now directly owns 15,800 shares in the company, valued at $2,595,940. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 13.93% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of WSO. San Francisco Sentry Investment Group CA purchased a new stake in shares of Watsco in the second quarter worth approximately $125,000. CIBC Asset Management Inc purchased a new stake in shares of Watsco in the third quarter worth approximately $206,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Watsco by 14.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,340 shares of the construction company’s stock worth $207,000 after purchasing an additional 166 shares during the period. Quantbot Technologies LP purchased a new position in Watsco during the 3rd quarter worth $207,000. Finally, Janney Montgomery Scott LLC purchased a new position in Watsco during the 3rd quarter worth $215,000. Hedge funds and other institutional investors own 82.40% of the company’s stock.
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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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