Watsco (NYSE:WSO.B) Sets New 52-Week High – Time to Buy?

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

Watsco Stock Up 3.7 %

The firm has a market capitalization of $20.71 billion, a P/E ratio of 37.87 and a beta of 0.58. The company’s fifty day simple moving average is $484.53 and its 200 day simple moving average is $463.18. 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 posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $4.49 earnings per share (EPS) for the quarter. Watsco had a return on equity of 18.55% and a net margin of 7.02%. The business had revenue of $2.14 billion during the quarter.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, October 16th. Watsco’s payout ratio is 82.63%.

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.