Watsco downgraded by Morgan Stanley with a new price target
$WSO
Industrial Machinery/Components
Consumer Discretionary
Morgan Stanley downgraded Watsco from Equal-Weight to Underweight and set a new price target of $207.00 from $228.00 previously
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/8/2023 | $387.00 → $500.00 | Hold → Buy | Deutsche Bank |
| 7/25/2023 | $360.00 | Neutral | Mizuho |
| 7/10/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 1/10/2023 | $280.00 | Neutral | UBS |
| 8/18/2022 | $311.00 | Hold | Deutsche Bank |
| 7/14/2022 | $350.00 → $313.00 | Neutral → Outperform | Robert W. Baird |
| 6/16/2022 | $228.00 → $207.00 | Equal-Weight → Underweight | Morgan Stanley |
| 2/14/2022 | $320.00 | Sector Weight → Overweight | Keybanc |
MIAMI, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced its results for the third quarter and nine-month period ended September 30, 2024 and provided commentary on business trends, growth opportunities, technology innovation and its financial strength. Watsco is the largest distributor in the highly fragmented $64 billion North American HVAC/R market, with nearly 700 locations across the U.S., Canada and Latin America. Watsco estimates that it provides services on a local basis to over 375,000 owner-operators, technicians and installers annually. Since entering distribution in 1989, Watsco's operating profits have grown at a compounded annual growth rate (CAGR) of 1
MIAMI, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that it will host a conference call to discuss its 2024 third quarter financial results on Wednesday, October 23, 2024 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team. The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be released before the market opens on October 23, 2024. A replay of the conference call will be available on our website. Investors and analysts are encouraged to pre-register for
MIAMI, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B common stock payable on October 31, 2024 to shareholders of record at the close of business on October 16, 2024. Watsco has paid dividends to shareholders for 50 consecutive years. The Company's philosophy is to share cash flow through dividends while maintaining a conservative balance sheet with continued capacity to build its distribution network. Future changes in dividends are considered in light of investment opportunities, cash flow, general economic conditions and Watsco's overall financial
Deutsche Bank upgraded Watsco from Hold to Buy and set a new price target of $500.00 from $387.00 previously
Mizuho initiated coverage of Watsco with a rating of Neutral and set a new price target of $360.00
KeyBanc Capital Markets downgraded Watsco from Overweight to Sector Weight
MIAMI, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc.’s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $1.775 on each outstanding share of its Common and Class B common stock payable on January 29, 2021 to shareholders of record at the close of business on January 15, 2021. Watsco has paid dividends for 47 consecutive years. The Company’s philosophy is to share increasing amounts of cash flow with shareholders through higher dividends while maintaining a conservative financial position. Future dividends will be considered in light of investment opportunities, cash flow, general economic conditions and the Company’s financial condition. About Watsco Wats
SC 13G/A - WATSCO INC (0000105016) (Subject)
8-K - WATSCO INC (0000105016) (Filer)
424B5 - WATSCO INC (0000105016) (Filer)
S-3ASR - WATSCO INC (0000105016) (Filer)
MIAMI, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that Rick Gomez, Vice President of Corporate Development, is scheduled to present at the Stephens Investment Conference being held at the Grand Hyatt in Nashville, Tennessee on Tuesday, November 19, 2024 at 2:00 p.m. (CT). Internet users can listen to a live webcast of the presentation at the Investor Relations section of Watsco's website at http://www.watsco.com. About Watsco Watsco is the largest distributor of heating, air conditioning and refrigeration (HVAC/R) products with locations in the United States, Canada, Mexico, and Puerto Rico, and on an export basis to Latin America and the Caribbean.
MIAMI, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced its results for the third quarter and nine-month period ended September 30, 2024 and provided commentary on business trends, growth opportunities, technology innovation and its financial strength. Watsco is the largest distributor in the highly fragmented $64 billion North American HVAC/R market, with nearly 700 locations across the U.S., Canada and Latin America. Watsco estimates that it provides services on a local basis to over 375,000 owner-operators, technicians and installers annually. Since entering distribution in 1989, Watsco's operating profits have grown at a compounded annual growth rate (CAGR) of 1
MIAMI, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that it will host a conference call to discuss its 2024 third quarter financial results on Wednesday, October 23, 2024 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team. The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be released before the market opens on October 23, 2024. A replay of the conference call will be available on our website. Investors and analysts are encouraged to pre-register for
4 - WATSCO INC (0000105016) (Issuer)
4 - WATSCO INC (0000105016) (Issuer)
4 - WATSCO INC (0000105016) (Issuer)
Watsco (NYSE:WSO) has outperformed the market over the past 15 years by 4.0% on an annualized basis producing an average annual return of 16.25%. Currently, Watsco has a market capitalization of $19.92 billion. Buying $1000 In WSO: If an investor had bought $1000 of WSO stock 15 years ago, it would be worth $9,637.36 today based on a price of $494.30 for WSO at the time of writing. Watsco's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by
Watsco's (NYSE:WSO) short percent of float has fallen 11.68% since its last report. The company recently reported that it has 3.07 million shares sold short, which is 10.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.97 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im