Stephens Analysts Give Watsco (WSO) a $169.00 Price Target
Other equities analysts also recently issued research reports about the company. Morgan Stanley upped their price objective on Watsco from $151.00 to $156.00 and gave the company an underweight rating in a research report on Thursday, October 26th. Zacks Investment Research raised Watsco from a hold rating to a buy rating and set a $198.00 price objective on the stock in a research report on Monday, February 5th. Finally, KeyCorp reaffirmed a buy rating on shares of Watsco in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Watsco currently has a consensus rating of Hold and a consensus price target of $170.71.
Shares of Watsco (NYSE WSO) opened at $164.98 on Thursday. Watsco has a twelve month low of $134.08 and a twelve month high of $182.79. The firm has a market capitalization of $5,896.55, a price-to-earnings ratio of 28.49 and a beta of 0.87. The company has a current ratio of 3.21, a quick ratio of 1.42 and a debt-to-equity ratio of 0.01.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 16th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Friday, January 12th. Watsco’s dividend payout ratio (DPR) is presently 86.36%.
In other Watsco news, SVP Barry S. Logan sold 3,246 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $164.30, for a total value of $533,317.80. Following the transaction, the senior vice president now owns 15,800 shares of the company’s stock, valued at approximately $2,595,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.93% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of WSO. SeaCrest Wealth Management LLC bought a new position in shares of Watsco during the 4th quarter worth $103,000. Cigna Investments Inc. New bought a new position in shares of Watsco during the 4th quarter worth $205,000. CIBC Asset Management Inc bought a new position in shares of Watsco during the 3rd quarter worth $206,000. Quantbot Technologies LP bought a new position in shares of Watsco during the 3rd quarter worth $207,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Watsco during the 3rd quarter worth $215,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.
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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