Analysts’ Consensus Recommendation for Watsco, Inc. (NYSE:WSO) is a “Hold” | Rare Techy
According to Bloomberg, the six rating firms looking at Watsco, Inc. Three investment analysts have rated the company with a sell rating, one has given a hold rating and one has issued a buy rating. The average 1-year premium for traders who have updated their stock coverage in the last year is $297.00.
A number of stock research experts have issued reports on the company. Watsco had its price objective boosted by Morgan Stanley from $217.00 to $218.00 in a research report issued on Wednesday, October 12th, while downgrading the stock to an “underperform” rating. Deutsche Bank Aktiengesellschaft upped their target price on Watsco from $284.00 to $294.00 in a research report on Monday, October 24th. The first report about Watsco came in a research report issued by StockNews.com on Wednesday, October 12. The company was given a “hold” rating. In a report on Tuesday, September 6th, KeyCorp upgraded Watsco to an “overweight” rating and upped their price objective for the stock from $300.00 to $310.00.
The percentage of total shares held by mutual funds and hedge funds is different.
Amundi increased its holdings in Watsco in the second quarter, reaching a current value of $2,500. Heritage Financial Services LLC paid $2,500 for a new investment in Watsco during the second quarter. Sargent Bickham Lagudis LLC boosted its stake in Watsco by 828.6% in the second quarter. Sargent Bickham Lagudis LLC now owns 130 shares of the construction company’s stock worth $31,000 after acquiring an additional 116 shares during the most recent quarter. Zullo Investment Group Inc. its stake in Watsco by 351.6% in the first quarter. Zullo Investment Group Inc. owns 140 shares in the construction company’s stock valued at $43,000 after acquiring an additional 109 shares during the most recent quarter. Not to mention, Accel Wealth Management increased its stake in Watsco by 66.7% in the second quarter. Accel Wealth Management now owns 150 shares of the construction company’s stock valued at $38,000, up from 60 shares in the most recent quarter. Institutions hold 82.38 percent of the company’s stock.
Watsco stock started trading at $269.96 on Tuesday. The 12-month high and low prices for Watsco are $318.98 and $220.68. The stock’s 50-day moving average is $264.75, and the 200-day moving average is $263.44. The company has a current ratio of 2.57, a gearing ratio of 1, and a debt-to-equity ratio of 0. The company’s market cap is $10.46 billion and its price-to-earnings ratio is is 19.45 and its beta is 0.89.
The business declared a quarterly dividend, which was paid on Monday, October 31. Shareholders of record as of Monday, October 17th were given a dividend of $2.20 per share. The ex-dividend date for this stock is Friday, October 14. This equates to a price of $8.80 and a 3.26% annual dividend. Watsco has a dividend payout ratio (DPR) of 63.40%.
Distributed by Watsco, Inc. components and materials for refrigeration, air conditioning, and related systems. In addition, the company sells specialty appliances, industrial HVAC systems, residential and non-residential air conditioners, and gas, electric and oil furnaces.