Watsco (NYSE:WSO.B) Sets New 1-Year High – Here’s What Happened

Watsco Inc (NYSE:WSO.B) hit a new 52-week high during trading on Monday . The stock traded as high as $513.34 and last traded at $513.34, with a volume of 15 shares traded. The stock had previously closed at $495.00.

Watsco Stock Performance

The firm’s fifty day moving average price is $486.31 and its 200-day moving average price is $464.28. The company has a market cap of $19.84 billion, a P/E ratio of 37.87 and a beta of 0.58. The company has a current ratio of 3.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.01.

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

Watsco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be paid a $2.70 dividend. This represents a $10.80 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, October 16th. Watsco’s dividend payout ratio is 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.