Watsco Inc. (WSO) Reaches New 12-Month High at $149.53
Shares of Watsco Inc. (NYSE:WSO) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $149.53 and last traded at $148.93, with a volume of 82,202 shares traded. The stock had previously closed at $147.96.
Several analysts have issued reports on WSO shares. Susquehanna started coverage on shares of Watsco in a research report on Wednesday, June 1st. They set a “positive” rating and a $154.00 price target on the stock. SunTrust Banks Inc. started coverage on shares of Watsco in a research report on Monday, June 6th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Watsco from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research report on Wednesday, June 22nd. Seaport Global Securities lowered shares of Watsco from an “accumulate” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Monday, July 25th. Finally, Barclays PLC set a $113.00 price target on shares of Watsco and gave the stock a “sell” rating in a research report on Monday, July 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $138.50.
The firm has a market cap of $4.79 billion and a price-to-earnings ratio of 29.77. The company has a 50-day moving average price of $143.12 and a 200-day moving average price of $135.05.
Watsco (NYSE:WSO) last posted its quarterly earnings results on Friday, July 22nd. The company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by $0.22. During the same period in the prior year, the firm posted $1.85 earnings per share. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.29 billion. The company’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that Watsco Inc. will post $5.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.31%. The ex-dividend date was Wednesday, July 13th.
A number of hedge funds have bought and sold shares of WSO. 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. US Bancorp DE increased its position in Watsco by 3.6% in the fourth quarter. US Bancorp DE now owns 10,340 shares of the company’s stock worth $1,210,000 after buying an additional 363 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Watsco during the fourth quarter worth about $1,349,000.
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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