Watsco (NYSE:WSO.B) Hits New 12-Month High at $445.15

Watsco Inc (NYSE:WSO.B) shares reached a new 52-week high on Tuesday . The stock traded as high as $445.15 and last traded at $445.15, with a volume of 22 shares trading hands. The stock had previously closed at $445.15.

Watsco Price Performance

The company has a quick ratio of 1.31, a current ratio of 2.92 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $17.58 billion, a P/E ratio of 34.24 and a beta of 0.60. The firm has a 50-day moving average price of $411.53 and a two-hundred day moving average price of $397.35.

Watsco (NYSE:WSO.B) last posted its quarterly earnings data on Tuesday, February 13th. The construction company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.36). The business 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $2.70 dividend. This is a boost from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, April 12th. Watsco’s dividend payout ratio (DPR) 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.