Watsco (WSO) Stock Price, News & Analysis

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Watsco in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 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.
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8 Wall Street research analysts have issued 1 year price targets for Watsco's stock. Their WSO share price targets range from $325.00 to $500.00. On average, they predict the company's stock price to reach $396.00 in the next twelve months. This suggests that the stock has a possible downside of 1.5%.
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Watsco's stock was trading at $428.47 on January 1st, 2024. Since then, WSO stock has decreased by 6.2% and is now trading at $401.84.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our WSO earnings forecast.

Watsco will be holding an earnings conference call on Wednesday, April 24th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Watsco, Inc. (NYSE:WSO) announced its quarterly earnings data on Tuesday, February, 13th. The construction company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.50 by $0.44. The construction company earned $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. Watsco had a trailing twelve-month return on equity of 21.36% and a net margin of 7.36%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $2.35 EPS.

Watsco announced a quarterly dividend on Monday, April 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $2.70 per share on Tuesday, April 30th. This represents a $10.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Friday, April 12th. This is a boost from the stock's previous quarterly dividend of $2.45.
Read our dividend analysis for WSO.

Watsco (NYSE:WSO) pays an annual dividend of $10.80 per share and currently has a dividend yield of 2.67%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 79.06%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WSO will have a dividend payout ratio of 66.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WSO.

ETFs with the largest weight of Watsco (NYSE:WSO) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), Motley Fool Global Opportunities ETF (TMFG), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), MFAM Small-Cap Growth ETF (MFMS), Motley Fool Small-Cap Growth ETF (TMFS), Inspire Faithward Mid Cap Momentum ETF (GLRY), Invesco Bloomberg Analyst Rating Improvers ETF (RYJ) and Freedom Day Dividend ETF (MBOX).

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.

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).

Watsco's stock is owned by many different retail and institutional investors. Top institutional shareholders include Caledonia Investments PLC (0.57%), Allspring Global Investments Holdings LLC (0.31%), Bath Savings Trust Co (0.10%), Running Oak Capital LLC (0.07%), Wealth Enhancement Advisory Services LLC (0.06%) and Appleton Partners Inc. MA (0.02%). Insiders that own company stock include Barry S Logan, Brian E Keeley and Cesar L Alvarez.
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Shares of WSO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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