Watsco Inc (NYSE:WSO) Given Average Recommendation of “Hold” by Analysts

Watsco Inc (NYSE:WSO) has received an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $162.80.

Separately, Zacks Investment Research cut shares of Watsco from a “hold” rating to a “sell” rating and set a $167.00 price target on the stock. in a research note on Saturday.

NYSE WSO traded up $1.41 during trading hours on Friday, reaching $158.81. The company’s stock had a trading volume of 219,094 shares, compared to its average volume of 221,613. The company has a market cap of $6.12 billion, a PE ratio of 24.47, a PEG ratio of 1.98 and a beta of 0.87. Watsco has a fifty-two week low of $131.88 and a fifty-two week high of $184.90. The business’s 50-day moving average price is $161.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.27 and a current ratio of 3.17.

Watsco (NYSE:WSO) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $2.40 EPS for the quarter, missing the Zacks’ consensus estimate of $2.54 by ($0.14). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. Watsco had a net margin of 5.17% and a return on equity of 14.66%. Watsco’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.40 earnings per share. As a group, equities research analysts forecast that Watsco will post 6.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $6.40 annualized dividend and a dividend yield of 4.03%. Watsco’s dividend payout ratio is currently 98.61%.

Several institutional investors have recently added to or reduced their stakes in the business. Tompkins Financial Corp lifted its holdings in shares of Watsco by 63.3% during the 1st quarter. Tompkins Financial Corp now owns 178 shares of the construction company’s stock worth $32,000 after acquiring an additional 69 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Watsco during the 1st quarter worth about $27,000. Quadrant Capital Group LLC lifted its holdings in shares of Watsco by 194.1% during the 1st quarter. Quadrant Capital Group LLC now owns 200 shares of the construction company’s stock worth $27,000 after acquiring an additional 132 shares during the period. Cedar Wealth Management LLC purchased a new position in shares of Watsco during the 2nd quarter worth about $38,000. Finally, Advisory Services Network LLC lifted its holdings in shares of Watsco by 54.2% during the 2nd quarter. Advisory Services Network LLC now owns 273 shares of the construction company’s stock worth $45,000 after acquiring an additional 96 shares during the period. 78.41% of the stock is currently owned by institutional investors.

About Watsco

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.

Featured Story: How to Track your Portfolio in Google Finance

Receive News & Ratings for Watsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco and related companies with MarketBeat.com's FREE daily email newsletter.