Watsco (NYSE:WSO.B) Shares Gap Up – Should You Buy?

Watsco Inc (NYSE:WSO.B) gapped up before the market opened on Friday . The stock had previously closed at $519.70, but opened at $535.00. Watsco shares last traded at $535.00, with a volume of 200 shares changing hands.

Watsco Stock Performance

The stock has a market cap of $21.60 billion, a P/E ratio of 41.34 and a beta of 0.61. The stock’s fifty day moving average is $510.88 and its 200 day moving average is $483.57.

Watsco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a dividend of $2.70 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a yield of 2.02%. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

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.