Watsco (WSO) Stock Price, News & Analysis

8 Wall Street equities research 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 equities research 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 brokers have issued 1 year price objectives for Watsco's shares. Their WSO share price targets range from $325.00 to $500.00. On average, they predict the company's share price to reach $396.00 in the next twelve months. This suggests that the stock has a possible downside of 1.2%.
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Watsco's stock was trading at $428.47 at the beginning of the year. Since then, WSO shares have decreased by 6.5% and is now trading at $400.77.
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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) released its quarterly earnings results on Tuesday, February, 13th. The construction company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.50 by $0.44. The construction company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. Watsco had a net margin of 7.36% and a trailing twelve-month return on equity of 21.36%. The firm's revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $2.35 EPS.

Watsco declared a quarterly dividend on Monday, April 1st. Investors of record on Monday, April 15th will be given a dividend of $2.70 per share on Tuesday, April 30th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, April 12th. This is an increase 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 a number of institutional and retail investors. Top institutional investors include Caledonia Investments PLC (0.57%), Allspring Global Investments Holdings LLC (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.18%), Bath Savings Trust Co (0.10%), Running Oak Capital LLC (0.07%) and Dudley & Shanley Inc. (0.07%). 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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