The company was founded by William Wagner in 1956 and is headquartered in Miami, FL. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

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 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.

Watsco (WSO) Gains From Technologies Amid Inflationary Woes

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.

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• The more significant part of the move happened on Thursday itself, as the company released fourth-quarter earnings ahead of Wall Street estimates.
• The market cap for tickers in the [@Wholesale Distributors] industry ranges from $34.44B to $0.
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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…

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.

Recent 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.

$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.

Financials

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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.

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.

Watsco Inc stock news

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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 https://day-trading.info/ 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.

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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.

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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.

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.