Watsco (NYSE:WSO.B) Hits New 12-Month High at $491.90

Watsco Inc (NYSE:WSO.B)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $491.90 and last traded at $491.77, with a volume of 1204 shares. The stock had previously closed at $485.00.

Watsco Price Performance

The stock has a market cap of $19.80 billion, a PE ratio of 37.80 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. The company’s 50 day moving average is $475.60 and its 200-day moving average is $449.51.

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

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th were issued a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Tuesday, July 16th. Watsco’s dividend payout ratio is currently 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.