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Watsco benefits from regular investments in customer-focused technologies and e-Commerce. However, supply-chain disruptions and labor woes are worrisome. Information is provided ‘as-is’ and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.
Overall, this stock passed 19/38 due dilligence checks and has strong fundamentals, according to our automated analysis. 15 employees have rated Watsco Chief Executive Officer Albert H. Nahmad on Glassdoor.com. Albert H. Nahmad has an approval rating of 85% among the company’s employees. 68.0% of employees surveyed would recommend working at Watsco to a friend. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. A high percentage of insider ownership can be a sign of company health.
A screen that looks at the relationship of a stock’s price-earnings ratio to that of the industry and market. $12.1 Billion Enterprise Value A measure of a company’s total value. Free Report) is poised to benefit from its continuous investment in industry-leading technologies, accretive acquisitions and a consistent focus on rewarding shareholders. Its gradual transformation from manual processes to a completely digital platform is an added positive. A.I.dvisor indicates that over the last year, WSO has been closely correlated with FAST.
Watsco MarketRank™ Forecast
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- IL (1.83%), Neuberger Berman Group LLC (1.75%) and DAVENPORT & Co LLC (1.47%).
- It has been consistently focusing on sharing its cash flows with shareholders and maintaining a strong financial position.
- Watsco pays a meaningful dividend of 3.33%, higher than the bottom 25% of all stocks that pay dividends.
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Watsco – WSO Stock Forecast, Price & News
In addition, customers may end up ordering more spare parts if, for example, they continue to run old AC units rather than replace them. Price/Earnings ttm – The closing price divided by the earnings-per-share based on the last trailing twelve months of earnings. If you’re looking for dividend stocks to buy and hold forever, a good place to start is companies that have done an excellent job increasing their dividends and are expected to keep doing so in the fu… © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Watsco, Inc. is owned by Fiduciary Trust Co. for $2.77 million (NYSE … – Best Stocks
Watsco, Inc. is owned by Fiduciary Trust Co. for $2.77 million (NYSE ….
Posted: Sat, 25 Feb 2023 08:00:00 GMT [source]
Its products include condensing units, compressors, evaporators, valves, refrigerants, walk-in coolers, and ice machines for industrial and commercial applications. It distributes products manufactured by Flexible Technologies, Inc. , Resideo Technologies, Inc. , Southwark Metal Mfg. Co. , Johns Manville , and Owens Corning Insulating Systems, LLC, among others. It operates from approximately 673 locations in 42 United States, Canada, Mexico and Puerto Rico with additional market coverage on an export basis to portions of Latin America and the Caribbean. During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high…
Which Is a Better Investment, Lennox International Inc or Watsco Inc Stock?
The company increased dividends in 21 out of the last 22 years. In January 2023, it announced an annual dividend hike of 11% to $9.80 per share. Watsco Inc. said Monday it’s board has approved an increase in its annual dividend rate to $5 a share, or $1.25 a share per quarter. The maker of air conditioning and heating systems said the new quarterly payment will be… Watsco Inc. said Friday advanced markets forex broker it will raise its quarterly dividend by 13%, to boost the heating, air conditioning and refrigeration (HVAC/R) distributor’s dividend yield to more than double that of the S&P 500. Use our historic performance chart to see real-time Watsco Inc stock price and the Watsco Inc news feed to help further your research before investing in fractional shares with any dollar amount you choose.
The more significant part of the move happened on Thursday itself, as the company released fourth-quarter earnings ahead of Wall Street estimates. Price/Earnings forward – The projected price to earnings per share valuation. Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
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$8.93 (2.85%) 1 Year Return Profit or loss of share price change plus dividend yield. Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better. AAON finished the fourth quarter of 2022 with a record backlog of $548.0 million, up 110.6% from $260.2 million on Dec 31, 2021. AAON has a trailing four-quarter earnings surprise of 5.7%, on average. The company continues to adapt quickly and maximize production despite the ongoing challenges of parts shortages.
Only 5 people have added Watsco to their MarketBeat watchlist in the last 30 days. This is a decrease of -77% compared to the previous 30 days. MarketBeat has tracked 4 news articles for Watsco this week, compared to 4 articles on an average week. Watsco has received a 6.77% net impact score from Upright. Short interest in Watsco has recently decreased by 0.53%, indicating that investor sentiment is improving.
Watsco’s profitability will be impacted favorably or unfavorably based on the severity or mildness of weather patterns during the summer or winter selling seasons. The company’s first and fourth quarters of each calendar is disproportionately affected by seasonality due to the nature and timing of HVAC systems replacement. Also, its HVAC Pro+ Mobile apps provide customers with real-time https://day-trading.info/ access to critical information that improves their speed and productivity. The authenticated user community grew 20% as of 2022-end to more than 51,000 users. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
This material does not contain sufficient information to support an investment decision and it should not be relied upon by you in evaluating the merits of investing in any securities or products. Through its entrepreneurial and technology-driven culture, Watsco has established itself as the largest participant in the highly fragmented $50+ billion North American HVAC/R distribution market. Over this period, Watsco’s dividends have grown at a 21% CAGR while maintaining a healthy balance sheet and strong cash flow. Watsco has been paying cash dividends for 49 consecutive years. It has been consistently focusing on sharing its cash flows with shareholders and maintaining a strong financial position.
The company’s exposure to the servicing market means it is relatively well placed to handle a housing slowdown. Trading Hours- the days and hours in which the commodity is traded. The YTD, 1-3- and 5-Year Returns are adjusted for dividends and splits.
Watsco (WSO) is a Top-Ranked Growth Stock: Should You Buy?
Watsco Inc. said Wednesday it will raise its quarterly dividend 10% to $1.60 a share from $1.45 a share. The new dividend will be payable Jan. 31 to shareholders of record on Jan. 16. Nothing in BDCInvestor.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners.
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High institutional ownership can be a signal of strong market trust in this company. 18 people have searched for WSO on MarketBeat in the last 30 days. This is an increase of 800% compared to the previous 30 days.