Watsco (NYSE:WSO.B) Shares Gap Up to $424.75

Watsco Inc (NYSE:WSO.BGet Free Report) gapped up before the market opened on Friday . The stock had previously closed at $424.75, but opened at $445.15. Watsco shares last traded at $445.15, with a volume of 300 shares changing hands.

Watsco Stock Performance

The stock has a market cap of $17.94 billion, a PE ratio of 34.24 and a beta of 0.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 2.92. The stock has a fifty day moving average price of $438.88 and a 200 day moving average price of $410.60.

Watsco (NYSE:WSO.BGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.17 EPS for the quarter. The firm had revenue of $1.56 billion during the quarter. Watsco had a net margin of 7.03% and a return on equity of 19.26%.

Watsco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were given a dividend of $2.70 per share. The ex-dividend date of this dividend was Friday, April 12th. This is a positive change from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.43%. Watsco’s dividend payout ratio (DPR) is 83.08%.

Watsco Company Profile

(Get Free Report)

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

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