Watsco (NYSE:WSO.B) Reaches New 1-Year High – Time to Buy?

Shares of Watsco Inc (NYSE:WSO.B) reached a new 52-week high on Tuesday . The company traded as high as $495.00 and last traded at $495.00, with a volume of 38 shares trading hands. The stock had previously closed at $495.00.

Watsco Stock Performance

The firm has a market capitalization of $19.95 billion, a P/E ratio of 38.08 and a beta of 0.58. The company has a quick ratio of 1.55, a current ratio of 3.21 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $481.27 and a 200 day simple moving average of $459.44.

Watsco (NYSE:WSO.B) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $4.49 EPS for the quarter. Watsco had a net margin of 7.02% and a return on equity of 18.55%. The business had revenue of $2.14 billion during the quarter.

Watsco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a $2.70 dividend. This represents a $10.80 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, October 16th. Watsco’s payout ratio is currently 83.08%.

Watsco Company Profile

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.