Watsco (WSO) Receiving Somewhat Favorable News Coverage, Study Shows
News coverage about Watsco (NYSE:WSO) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Watsco earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 47.9662945303977 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Watsco to Present at the Barclays Industrial Select Conference on February 21, 2018 (finance.yahoo.com)
- Watsco (WSO) Upgraded to Buy at Zacks Investment Research (americanbankingnews.com)
- Watsco (WSO) PT Lowered to $169.00 at JPMorgan Chase & Co. (americanbankingnews.com)
- William Blair Comments on Watsco Inc’s Q3 2018 Earnings (WSO) (americanbankingnews.com)
- Watsco Inc Expected to Earn Q2 2018 Earnings of $2.56 Per Share (WSO) (americanbankingnews.com)
Watsco (NYSE:WSO) traded down $0.44 on Friday, reaching $169.29. 165,158 shares of the company’s stock were exchanged, compared to its average volume of 219,157. The company has a quick ratio of 1.38, a current ratio of 3.21 and a debt-to-equity ratio of 0.01. The stock has a market cap of $6,050.00, a price-to-earnings ratio of 19.96 and a beta of 0.87. Watsco has a 12 month low of $134.08 and a 12 month high of $182.79.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Friday, January 12th. Watsco’s dividend payout ratio (DPR) is 58.96%.
WSO has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Watsco from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Morgan Stanley raised their price target on shares of Watsco from $151.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, October 26th. Susquehanna Bancshares set a $195.00 price target on shares of Watsco and gave the stock a “buy” rating in a research report on Friday, February 9th. Stephens set a $169.00 price target on shares of Watsco and gave the stock a “hold” rating in a research report on Thursday, February 8th. Finally, KeyCorp reissued a “buy” rating on shares of Watsco in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $168.88.
In other news, SVP Barry S. Logan sold 3,246 shares of Watsco stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $164.30, for a total transaction of $533,317.80. Following the completion of the transaction, the senior vice president now directly owns 15,800 shares of the company’s stock, valued at approximately $2,595,940. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.93% of the stock is owned by insiders.
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Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.
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