Watsco (NYSE:WSO.B) Shares Up 4.5% – Should You Buy?

Shares of Watsco Inc (NYSE:WSO.B) were up 4.5% during mid-day trading on Wednesday . The stock traded as high as $507.10 and last traded at $526.36. Approximately 100 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 583 shares. The stock had previously closed at $503.71.

Watsco Trading Up 1.6 %

The firm has a market capitalization of $20.67 billion, a PE ratio of 38.61 and a beta of 0.52. The firm has a 50 day simple moving average of $495.73 and a 200 day simple moving average of $501.97.

Watsco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, January 17th. Watsco’s payout ratio is presently 81.51%.

Watsco Company Profile

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.