Watsco Inc (NYSE:WSO) had declared a cash dividend of $1.0500 on Oct 3, 2016. The shares will quote ex-dividend on Oct 13, 2016 and the record date has been fixed for Oct 17, 2016. On Oct 3, 2016 share price, the yield comes out to be 2.9808%. The dividend payable date has been fixed on Oct 31, 2016.
In a different note, On Jul 27, 2016, JP Morgan said it Maintains its rating on Watsco Inc. In the research note, the firm Lowers the price-target to $131.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 25, 2016, Seaport Global said it Downgrades its rating on Watsco Inc. The shares have been rated ‘Neutral’ by the firm. On Jul 25, 2016, Barclays said it Maintains its rating on Watsco Inc. In the research note, the firm Raises the price-target to $112.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 25, 2016, Stifel Nicolaus said it Maintains its rating on Watsco Inc. In the research note, the firm Lowers the price-target to $154.00 per share. The shares have been rated ‘Buy’ by the firm.
Watsco Inc (WSO) shares turned negative on Fridays trading session with the shares closing down -2.32 points or -1.58% at a volume of 1,94,348. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $146.79. The peak price level was also seen at $146.79 while the days lowest was $144.05. Finally the shares closed at $144.32. The 52-week high of the shares is $149.99 while the 52-week low is $106.58. According to the latest information available, the market cap of the company is $5,119 M.
Watsco Inc(WSO) last announced its earnings results on Jul 22, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.21B. Analysts had an estimated revenue of $1.29B. Earnings per share were $1.82. Analysts had estimated an EPS of $2.04.
Several Insider Transactions has been reported to the SEC. On Dec 11, 2015, David C. Darnell (director) sold 3,000 shares at $121.66 per share price.Also, On Nov 12, 2015, Barry S Logan (Senior Vice President) sold 8,000 shares at $121.85 per share price.
Watsco Inc. (Watsco) is a distributor of air conditioning heating and refrigeration equipment and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. It has market coverage on an export basis to Latin America and the Caribbean through which it serves more than 50000 contractors and dealers that service the replacement and new construction markets. Watsco sells a line of products: equipment including residential central air conditioners component parts and supplies including thermostats insulation material refrigerants ductwork grills registers sheet metal tools copper tubing concrete pads tape adhesives and other ancillary supplies electric and oil furnaces among others. It also sells products to the refrigeration market which include condensing units compressors evaporators and valves among others.