Watsco (NYSE:WSO.B) Hits New 52-Week High – Still a Buy?

Watsco Inc (NYSE:WSO.BGet Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $535.00 and last traded at $535.00, with a volume of 200 shares changing hands. The stock had previously closed at $519.70.

Watsco Stock Performance

The company’s fifty day simple moving average is $518.38 and its 200-day simple moving average is $489.05. The stock has a market cap of $21.60 billion, a P/E ratio of 41.34 and a beta of 0.58.

Watsco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were paid a $2.70 dividend. This represents a $10.80 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Wednesday, October 16th. Watsco’s dividend payout ratio is 83.46%.

About Watsco

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Watsco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco and related companies with MarketBeat.com's FREE daily email newsletter.