Watsco, Inc. (NYSE:WSO) is expected to pay $1.05 on Oct 31, 2016. The indicated annual dividend is $4.20. Shareholders owning the stock before Oct 13, 2016 will be eligible to receive the payout. Based on Watsco, Inc.’s current price of $140.71, the dividend is 0.75%. This dividend’s record date is Oct 17, 2016 and the announcement date is Oct 3, 2016. The stock decreased 2.78% or $4.03 during the last trading session, hitting $140.71. Watsco Inc (NYSE:WSO) has risen 10.13% since March 9, 2016 and is uptrending. It has outperformed by 2.71% the S&P500.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The company has a market cap of $5.01 billion. The Firm operates in the HVAC/R distribution industry in North America. It has a 28.52 P/E ratio. The Firm operates at approximately 570 locations in over 40 United States’ states, Canada, Mexico and Puerto Rico.
Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.08, from 1.21 in 2016Q1. The ratio improved, as 16 funds sold all Watsco Inc shares owned while 84 reduced positions. 31 funds bought stakes while 98 increased positions. They now own 22.99 million shares or 0.34% less from 23.06 million shares in 2016Q1.
Henderson Group Inc Public Ltd holds 67,217 shares or 0.08% of its portfolio. Alliancebernstein Lp owns 502,879 shares or 0.06% of their US portfolio. Gotham Asset Management Limited Liability holds 0.01% of its portfolio in Watsco Inc (NYSE:WSO) for 7,174 shares. State Bank Of Montreal Can holds 0.01% or 68,758 shares in its portfolio. Federated Invsts Pa has invested 0.01% of its portfolio in Watsco Inc (NYSE:WSO). Utah Retirement holds 4,800 shares or 0.02% of its portfolio. Levin Strategies Ltd Partnership holds 0.02% of its portfolio in Watsco Inc (NYSE:WSO) for 7,500 shares. Moreover, Ibm Retirement Fund has 0.01% invested in Watsco Inc (NYSE:WSO) for 2,623 shares. Exane Derivatives has 0% invested in the company for 72 shares. Redmond Asset Limited Liability Co has invested 0.91% of its portfolio in Watsco Inc (NYSE:WSO). Nicholas Prtn Lp has 0.42% invested in the company for 42,910 shares. Gray Gru Ga Adv Adv last reported 0% of its portfolio in the stock. Pnc Fincl Group Incorporated Inc accumulated 4,470 shares or 0% of the stock. Citadel Limited Liability holds 10,641 shares or 0% of its portfolio. Louisiana State Employees Retirement last reported 0.05% of its portfolio in the stock.
Watsco Inc (NYSE:WSO) Ratings Coverage
Out of 7 analysts covering Watsco (NYSE:WSO), 5 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 71% are positive. Watsco has been the topic of 16 analyst reports since September 11, 2015 according to StockzIntelligence Inc. Susquehanna initiated Watsco Inc (NYSE:WSO) on Wednesday, June 1 with “Positive” rating. The rating was downgraded by Stifel Nicolaus to “Neutral” on Monday, April 25. The stock of Watsco Inc (NYSE:WSO) earned “Underweight” rating by Barclays Capital on Monday, October 5. The firm has “Buy” rating by SunTrust given on Monday, June 6. The stock of Watsco Inc (NYSE:WSO) has “Overweight” rating given on Wednesday, October 28 by Stephens. Robert W. Baird maintained the stock with “Outperform” rating in Thursday, April 21 report. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, March 24. As per Monday, April 18, the company rating was maintained by Barclays Capital. The stock of Watsco Inc (NYSE:WSO) has “Buy” rating given on Wednesday, November 25 by Stifel Nicolaus. Seaport Global maintained the shares of WSO in a report on Thursday, April 21 with “Accumulate” rating.
Another recent and important Watsco Inc (NYSE:WSO) news was published by Bizjournals.com which published an article titled: “University of Miami names facility after public company” on October 11, 2016.
WSO Company Profile
Watsco, Inc. (Watsco), incorporated on July 14, 1956, is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The Firm operates in the HVAC/R distribution industry in North America. The Firm operates at approximately 570 locations in over 40 United States’ states, Canada, Mexico and Puerto Rico. The Firm has market coverage on an export basis to Latin America and the Caribbean, through which it serves over 88,000 active contractors and dealers that service the replacement and new construction markets.
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