In yesterday’s Wall Street session, Watsco Inc. (NYSE:WSO) shares traded at $302.52, up 0.69% from the previous session.
WSO stock price is now 3.94% away from the 50-day moving average and 11.79% away from the 200-day moving average. The market capitalization of the company currently stands at $12.11B.
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With the price target of $280, UBS recently initiated with Neutral rating for Watsco Inc. (NYSE: WSO). On August 18, 2022, Deutsche Bank recently initiated its ‘Hold’ rating on the stock quoting a target price of $311, while ‘Robert W. Baird’ rates the stock as ‘Outperform’.
In other news, ALVAREZ CESAR L, Director sold 4,000 shares of the company’s stock on May 27. The stock was sold for $1,014,212 at an average price of $253.55. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 23, Director Keeley Brian E. sold 11,000 shares of the business’s stock. A total of $3,296,521 was realized by selling the stock at an average price of $299.68. Insiders disposed of 15,000 shares of company stock worth roughly $4.54 million over the past 1 year. A total of 0.75% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WSO stock. A new stake in Watsco Inc. shares was purchased by ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC during the first quarter worth $63,476,000. AMALGAMATED FINANCIAL CORP. invested $7,184,000 in shares of WSO during the first quarter. In the first quarter, ARETE WEALTH ADVISORS, LLC acquired a new stake in Watsco Inc. valued at approximately $6,050,000. EDGESTREAM PARTNERS, L.P. acquired a new stake in WSO for approximately $4,579,000. MONTE FINANCIAL GROUP, LLC purchased a new stake in WSO valued at around $3,564,000 in the second quarter.
Thursday morning saw Watsco Inc. (NYSE: WSO) opened at $296.84. During the past 12 months, Watsco Inc. has had a low of $220.68 and a high of $343.85. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 2.50, and a quick ratio of 1.00. The fifty day moving average price for WSO is $291.04 and a two-hundred day moving average price translates $270.61 for the stock.
The latest earnings results from Watsco Inc. (NYSE: WSO) was released for Sep, 2022. According to the Industrial Distribution Company, earnings per share came in at $4.03, missing analysts’ expectations of $4.37 by -0.34. This compares to $2.70 EPS in the same period last year. The net profit margin was 7.60% and return on equity was 29.90% for WSO. The company reported revenue of $1.58 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.59 percent. For the current quarter, analysts expect WSO to generate $1.61B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/31/2023. Investors who held shares on 01/17/2023 were paid a $2.45 dividend. On an annualized basis, this represents a $9.80 dividend and a 3.24% percent yield. There was an ex-dividend date of 01/13/2023 for this dividend. In terms of dividend payout ratio, WSO is presently at 55.30%.
Watsco Inc.(WSO) Company Profile
Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. As of December 31, 2021, it operated from 671 locations in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
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