Watsco (NYSE:WSO.B) Sees Strong Trading Volume

Shares of Watsco Inc (NYSE:WSO.B) saw an uptick in trading volume on Wednesday . 300 shares changed hands during trading, an increase of 36% from the previous session’s volume of 220 shares.The stock last traded at $445.15 and had previously closed at $424.75.

Watsco Price Performance

The company has a fifty day moving average price of $419.52 and a two-hundred day moving average price of $400.61. The company has a current ratio of 2.92, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 34.24 and a beta of 0.57.

Watsco (NYSE:WSO.B) last posted its earnings results on Tuesday, February 13th. The construction company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.36). The firm had revenue of $1.60 billion during the quarter. Watsco had a return on equity of 19.26% and a net margin of 7.03%.

Watsco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a yield of 2.43%. This is a boost from Watsco’s previous quarterly dividend of $2.45. The ex-dividend date was Friday, April 12th. Watsco’s payout ratio is presently 83.08%.

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.