Stephens set a $169.00 price target on Watsco (NYSE:WSO) in a research note released on Thursday. The firm currently has a hold rating on the construction company’s stock.

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.

Watsco (NYSE:WSO) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.10). Watsco had a net margin of 4.80% and a return on equity of 14.66%. The company had revenue of $964.35 million for the quarter, compared to analysts’ expectations of $965.85 million. During the same quarter in the previous year, the company posted $0.81 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. equities analysts forecast that Watsco will post 6.82 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at

About Watsco

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.

Analyst Recommendations for Watsco (NYSE:WSO)

Receive News & Ratings for Watsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco and related companies with's FREE daily email newsletter.