Watsco, Inc. (WSO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Watsco, Inc. (NYSE:WSO) have been given an average rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $158.25.

A number of analysts have weighed in on WSO shares. Robert W. Baird restated a “buy” rating and issued a $163.00 target price on shares of Watsco in a research report on Friday, September 1st. BidaskClub lowered shares of Watsco from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Zacks Investment Research lowered shares of Watsco from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Stifel Nicolaus restated a “buy” rating and issued a $154.00 target price on shares of Watsco in a research report on Thursday, September 7th. Finally, Morgan Stanley raised their target price on shares of Watsco from $151.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, October 26th.

Watsco (WSO) remained flat at $$164.19 during midday trading on Thursday. The company had a trading volume of 283,100 shares, compared to its average volume of 278,225. The company has a current ratio of 3.13, a quick ratio of 1.42 and a debt-to-equity ratio of 0.21. The firm has a market cap of $5,868.31, a price-to-earnings ratio of 30.58 and a beta of 0.83. Watsco has a 52-week low of $134.08 and a 52-week high of $167.94.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.95 by ($0.13). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.26 billion. Watsco had a return on equity of 15.00% and a net margin of 4.46%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.78 EPS. equities research analysts forecast that Watsco will post 5.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, October 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.05%. Watsco’s dividend payout ratio (DPR) is presently 92.42%.

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Several large investors have recently modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in shares of Watsco by 0.9% during the second quarter. Teacher Retirement System of Texas now owns 2,426 shares of the construction company’s stock worth $374,000 after purchasing an additional 21 shares during the period. Bank of Montreal Can raised its stake in Watsco by 0.8% during the second quarter. Bank of Montreal Can now owns 2,867 shares of the construction company’s stock worth $442,000 after buying an additional 22 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Watsco by 1.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,542 shares of the construction company’s stock worth $392,000 after buying an additional 32 shares during the last quarter. Creative Planning raised its stake in Watsco by 6.1% during the second quarter. Creative Planning now owns 1,039 shares of the construction company’s stock worth $160,000 after buying an additional 60 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Watsco by 0.4% during the second quarter. Prudential Financial Inc. now owns 18,918 shares of the construction company’s stock worth $2,917,000 after buying an additional 66 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Watsco Company Profile

Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.

Analyst Recommendations for Watsco (NYSE:WSO)

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