Watsco (NYSE:WSO.B) Sees Large Volume Increase – Time to Buy?

Shares of Watsco Inc (NYSE:WSO.BGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 173 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 257 shares.The stock last traded at $469.89 and had previously closed at $464.07.

Watsco Stock Performance

The company has a market cap of $19.12 billion, a P/E ratio of 36.59 and a beta of 0.60. The firm’s fifty day moving average is $506.45 and its two-hundred day moving average is $497.32.

Watsco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a dividend of $2.70 per share. This represents a $10.80 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Friday, January 17th. Watsco’s dividend payout ratio (DPR) is presently 83.46%.

Watsco Company Profile

(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.

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