Watsco (NYSE:WSO.B) Stock Price Down 4.5% – Time to Sell?

Shares of Watsco Inc (NYSE:WSO.B) were down 4.5% on Wednesday . The stock traded as low as $469.95 and last traded at $511.08. Approximately 401 shares changed hands during mid-day trading, an increase of 955% from the average daily volume of 38 shares. The stock had previously closed at $535.00.

Watsco Trading Down 7.8 %

The business has a 50 day simple moving average of $518.44 and a two-hundred day simple moving average of $494.96. The company has a market cap of $19.92 billion, a PE ratio of 38.12 and a beta of 0.61.

Watsco (NYSE:WSO.B) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $4.22 earnings per share for the quarter. Watsco had a net margin of 6.99% and a return on equity of 17.77%. The company had revenue of $2.16 billion for the quarter.

Watsco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $2.70 dividend. This represents a $10.80 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, January 17th. Watsco’s payout ratio is currently 83.46%.

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.