Shares of Watsco Inc (NYSE:WSO) have received an average recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $166.40.

Separately, Zacks Investment Research raised Watsco from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.

A number of large investors have recently modified their holdings of the stock. Tompkins Financial Corp lifted its stake in Watsco by 63.3% during the first quarter. Tompkins Financial Corp now owns 178 shares of the construction company’s stock worth $32,000 after purchasing an additional 69 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of Watsco in the 1st quarter valued at $27,000. Quadrant Capital Group LLC lifted its stake in shares of Watsco by 194.1% in the 1st quarter. Quadrant Capital Group LLC now owns 200 shares of the construction company’s stock valued at $27,000 after acquiring an additional 132 shares during the last quarter. Enlightenment Research LLC bought a new position in shares of Watsco in the 4th quarter valued at $42,000. Finally, AdvisorNet Financial Inc bought a new position in shares of Watsco in the 4th quarter valued at $47,000. 80.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Watsco stock traded up $0.74 on Monday, hitting $157.20. The stock had a trading volume of 1,561 shares, compared to its average volume of 304,013. Watsco has a twelve month low of $131.88 and a twelve month high of $191.86. The company has a current ratio of 3.17, a quick ratio of 1.27 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.86 and a beta of 0.98.

Watsco (NYSE:WSO) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $0.88 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.88. The business had revenue of $931.30 million for the quarter, compared to the consensus estimate of $942.05 million. Watsco had a return on equity of 14.23% and a net margin of 5.05%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. As a group, equities research analysts predict that Watsco will post 6.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date was Friday, April 12th. Watsco’s dividend payout ratio is currently 98.61%.

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.

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Analyst Recommendations for Watsco (NYSE:WSO)

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