Watsco (NYSE:WSO.B) Shares Gap Up to $424.75

Watsco Inc (NYSE:WSO.B) shares gapped up before the market opened on Tuesday . The stock had previously closed at $424.75, but opened at $445.15. Watsco shares last traded at $445.15, with a volume of 300 shares changing hands.

Watsco Price Performance

The company has a 50 day moving average of $445.13 and a 200-day moving average of $417.49. The company has a market capitalization of $17.94 billion, a P/E ratio of 34.24 and a beta of 0.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 1.31.

Watsco (NYSE:WSO.B) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.17 EPS for the quarter. Watsco had a net margin of 7.03% and a return on equity of 19.26%. The business had revenue of $1.56 billion during the quarter.

Watsco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a dividend of $2.70 per share. The ex-dividend date was Friday, April 12th. This is a positive change from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 annualized dividend and a dividend yield of 2.43%. Watsco’s 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.