Watsco (NYSE:WSO.B) Sees Strong Trading Volume

Watsco Inc (NYSE:WSO.B) saw strong trading volume on Wednesday . 300 shares traded hands during mid-day trading, an increase of 36% from the previous session’s volume of 220 shares.The stock last traded at $445.15 and had previously closed at $424.75.

Watsco Price Performance

The company has a quick ratio of 1.31, a current ratio of 2.92 and a debt-to-equity ratio of 0.01. The stock has a market cap of $17.58 billion, a P/E ratio of 34.24 and a beta of 0.60. The company’s 50 day moving average price is $421.69 and its two-hundred day moving average price is $401.23.

Watsco (NYSE:WSO.B) last released its quarterly earnings data on Tuesday, February 13th. The construction company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Watsco had a return on equity of 19.26% and a net margin of 7.03%. The firm had revenue of $1.60 billion for the quarter.

Watsco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were paid a $2.70 dividend. The ex-dividend date of this dividend was Friday, April 12th. This is a positive change from Watsco’s previous quarterly dividend of $2.45. This represents a $10.80 dividend on an annualized basis and a yield of 2.43%. Watsco’s dividend payout ratio is 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.