Watsco Inc. (WSO) Sets New 1-Year High at $145.99
Watsco Inc. (NYSE:WSO) hit a new 52-week high on Monday . The stock traded as high as $145.99 and last traded at $145.49, with a volume of 64,955 shares. The stock had previously closed at $144.41.
Several equities research analysts have recently weighed in on the stock. Seaport Global Securities increased their target price on shares of Watsco from $135.00 to $150.00 and gave the stock an “accumulate” rating in a research note on Thursday, April 21st. JPMorgan Chase & Co. decreased their target price on shares of Watsco from $131.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, July 27th. Susquehanna assumed coverage on shares of Watsco in a research note on Wednesday, June 1st. They set a “positive” rating and a $154.00 target price for the company. Stifel Nicolaus decreased their target price on shares of Watsco from $154.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Finally, Barclays PLC set a $113.00 target price on shares of Watsco and gave the stock a “sell” rating in a research note on Monday, July 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $138.50.
The stock has a market capitalization of $4.68 billion and a PE ratio of 29.13. The stock has a 50-day moving average of $141.77 and a 200-day moving average of $133.45.
Watsco (NYSE:WSO) last released its earnings results on Friday, July 22nd. The company reported $1.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by $0.22. During the same period in the prior year, the firm earned $1.85 earnings per share. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.29 billion. The business’s revenue was down .7% on a year-over-year basis. Equities analysts predict that Watsco Inc. will post $5.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, July 13th.
Several large investors recently added to or reduced their stakes in WSO. Westfield Capital Management Co. LP increased its stake in Watsco by 1.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 322,605 shares of the company’s stock valued at $37,787,000 after buying an additional 4,415 shares during the last quarter. Trexquant Investment LP bought a new stake in Watsco during the fourth quarter valued at $1,349,000. US Bancorp DE increased its stake in Watsco by 3.6% in the fourth quarter. US Bancorp DE now owns 10,340 shares of the company’s stock valued at $1,210,000 after buying an additional 363 shares during the last quarter. Bank of Montreal Can increased its stake in Watsco by 1.2% in the fourth quarter. Bank of Montreal Can now owns 125,383 shares of the company’s stock valued at $14,686,000 after buying an additional 1,488 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Watsco by 3.1% in the fourth quarter. Mutual of America Capital Management LLC now owns 17,650 shares of the company’s stock valued at $2,067,000 after buying an additional 531 shares during the last quarter.
Watsco, Inc (Watsco) is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. The Company operates at approximately 570 locations in over 40 United States’ states, Canada, Mexico and Puerto Rico.
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