Watsco Inc. (NYSE:WSO) declared a quarterly dividend on Monday, October 3rd. Stockholders of record on Monday, October 17th will be paid a dividend of 1.05 per share on Monday, October 31st. This represents a $4.20 annualized dividend and a dividend yield of 2.98%. This is an increase from Watsco’s previous quarterly dividend of $0.85.

Watsco (NYSE:WSO) opened at 140.90 on Monday. Watsco has a one year low of $106.58 and a one year high of $149.99. The company has a market capitalization of $4.59 billion, a PE ratio of 28.55 and a beta of 0.94. The stock’s 50 day moving average is $144.37 and its 200 day moving average is $138.13.

Watsco (NYSE:WSO) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.04 by $0.22. Watsco had a return on equity of 13.65% and a net margin of 4.05%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm posted $1.85 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts anticipate that Watsco will post $5.31 earnings per share for the current fiscal year.

Dividend History for Watsco (NYSE:WSO)

Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in Watsco by 4.5% in the second quarter. Rhumbline Advisers now owns 48,463 shares of the company’s stock valued at $6,818,000 after buying an additional 2,072 shares during the period. Boston Financial Mangement LLC raised its stake in Watsco by 13.2% in the second quarter. Boston Financial Mangement LLC now owns 44,078 shares of the company’s stock valued at $6,201,000 after buying an additional 5,133 shares during the period. Raymond James & Associates raised its stake in Watsco by 9.8% in the second quarter. Raymond James & Associates now owns 3,898 shares of the company’s stock valued at $548,000 after buying an additional 348 shares during the period. Teachers Advisors Inc. raised its stake in Watsco by 16.3% in the second quarter. Teachers Advisors Inc. now owns 21,473 shares of the company’s stock valued at $3,021,000 after buying an additional 3,012 shares during the period. Finally, BlueMountain Capital Management LLC raised its stake in Watsco by 105.2% in the second quarter. BlueMountain Capital Management LLC now owns 16,305 shares of the company’s stock valued at $2,294,000 after buying an additional 8,358 shares during the period. 67.33% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on WSO shares. Seaport Global Securities cut shares of Watsco from an “accumulate” rating to a “neutral” rating and set a $150.00 price target on the stock. in a report on Monday, July 25th. Zacks Investment Research cut shares of Watsco from a “hold” rating to a “sell” rating in a report on Friday, July 8th. Stifel Nicolaus cut their price target on shares of Watsco from $154.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Barclays PLC set a $113.00 price target on shares of Watsco and gave the stock a “sell” rating in a report on Monday, July 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of Watsco from $131.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $138.50.

About Watsco

Watsco, Inc (Watsco) is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. The Company operates at approximately 570 locations in over 40 United States’ states, Canada, Mexico and Puerto Rico.

5 Day Chart for NYSE:WSO

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