Watsco (NYSE:WSO.B) Sets New 52-Week High at $473.75

Watsco Inc (NYSE:WSO.B)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $473.75 and last traded at $473.75, with a volume of 10 shares trading hands. The stock had previously closed at $445.15.

Watsco Stock Performance

The stock’s fifty day simple moving average is $420.61 and its 200-day simple moving average is $400.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 1.31. The firm has a market cap of $17.58 billion, a PE ratio of 34.24 and a beta of 0.57.

Watsco (NYSE:WSO.B) last announced its quarterly earnings data on Tuesday, February 13th. The construction company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). The firm had revenue of $1.60 billion during the quarter. Watsco had a net margin of 7.03% and a return on equity of 19.26%.

Watsco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a dividend of $2.70 per share. The ex-dividend date was Friday, April 12th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.43%. This is a positive change from Watsco’s previous quarterly dividend of $2.45. Watsco’s dividend payout ratio (DPR) is presently 83.08%.

About Watsco

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.