Watsco Inc. (WSO) Receives Average Recommendation of “Hold” from Brokerages
Watsco Inc. (NYSE:WSO) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $140.89.
A number of research firms recently weighed in on WSO. Zacks Investment Research upgraded Watsco from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Longbow Research upgraded Watsco from a “neutral” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Friday, October 14th.
WARNING: “Watsco Inc. (WSO) Receives Average Recommendation of “Hold” from Brokerages” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/28/watsco-inc-wso-receives-average-recommendation-of-hold-from-brokerages.html.
Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Watsco by 12.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 831 shares of the company’s stock valued at $117,000 after buying an additional 92 shares during the period. Public Employees Retirement Association of Colorado raised its stake in Watsco by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 836 shares of the company’s stock valued at $118,000 after buying an additional 3 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Watsco during the second quarter valued at $120,000. Washington Trust Bank raised its stake in Watsco by 1.9% in the third quarter. Washington Trust Bank now owns 851 shares of the company’s stock valued at $120,000 after buying an additional 16 shares during the period. Finally, Cantab Capital Partners LLP acquired a new stake in Watsco during the second quarter valued at $122,000. Institutional investors own 66.78% of the company’s stock.
Watsco (NYSE:WSO) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by $0.14. Watsco had a net margin of 4.10% and a return on equity of 13.79%. The business earned $1.24 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $1.64 EPS. The firm’s revenue was up 5.5% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were given a $1.05 dividend. The ex-dividend date of this dividend was Thursday, October 13th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from Watsco’s previous quarterly dividend of $0.85. Watsco’s dividend payout ratio (DPR) is presently 83.00%.
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.
Receive News & Stock Ratings for Watsco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco Inc. and related stocks with our FREE daily email newsletter.