Watsco Inc Stock Today
WSO Stock | USD 431.97 2.31 0.53% |
Performance1 of 100
| Odds Of DistressLess than 9
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Watsco is selling at 431.97 as of the 29th of March 2024; that is -0.53% down since the beginning of the trading day. The stock's open price was 434.28. Watsco has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Watsco Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of April 2023 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 7th of June 1984 | Category Industrials |
Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida. Watsco operates under Industrial Distribution classification in the United States and is traded on New York Stock Exchange. The company has 33.93 M outstanding shares of which 4.15 M shares are at this time shorted by investors with about 11.12 days to cover. More on Watsco Inc
Moving against Watsco Stock
0.49 | AZ | A2Z Smart Technologies | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 18th of April 2024
Watsco Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Watsco's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Watsco or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman | Albert Nahmad | ||||
Old Name | Watsco Inc | ||||
Business Concentration | Trading Companies & Distributors, Industrial Distribution, Industrials, NYSE Composite, SP Midcap 400, Industrials, Trading Companies & Distributors, Industrial Distribution, Industrials (View all Sectors) | ||||
Average Analyst Recommendation Analysts covering Watsco report their recommendations after researching Watsco's financial statements, talking to executives and customers, or listening in on Watsco's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Watsco Inc. The Watsco consensus assessment is calculated by taking the average forecast from all of the analysts covering Watsco. | |||||
Watsco's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Watsco's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Watsco's financial leverage. It provides some insight into what part of Watsco's total assets is financed by creditors.
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Watsco Inc (WSO) is traded on New York Stock Exchange in USA. It is located in 2665 South Bayshore Drive, Miami, FL, United States, 33133 and employs 7,350 people. Watsco is listed under Trading Companies & Distributors category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 17.13 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Watsco's market, we take the total number of its shares issued and multiply it by Watsco's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Watsco Inc runs under Trading Companies & Distributors sector within Industrials industry. The entity has 33.93 M outstanding shares of which 4.15 M shares are at this time shorted by investors with about 11.12 days to cover.
Watsco Inc has about 147.5 M in cash with 561.11 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.66.
Check Watsco Probability Of Bankruptcy
Ownership AllocationWatsco Inc owns a total of 33.93 Million outstanding shares. The majority of Watsco outstanding shares are owned by institutional investors. These institutions are usually referred to as non-private investors looking to purchase positions in Watsco Inc to benefit from reduced commissions. Consequently, other corporate entities are subject to a different set of regulations than regular investors in Watsco Inc. Please pay attention to any change in the institutional holdings of Watsco Inc as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Watsco Ownership Details
Watsco Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Watsco jumping above the current price in 90 days from now is roughly 2.95%. The Watsco Inc probability density function shows the probability of Watsco stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.9834. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Watsco will likely underperform. Additionally, watsco Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of Watsco to move above the current price in 90 days from now is roughly 2.95 (This Watsco Inc probability density function shows the probability of Watsco Stock to fall within a particular range of prices over 90 days) .
Watsco Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Watsco that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Watsco's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Watsco's value.Instituion | Recorded On | Shares | |
Geode Capital Management, Llc | 2023-12-31 | 622.8 K | |
Markel Group Inc | 2023-12-31 | 556.8 K | |
Wells Fargo & Co | 2023-12-31 | 536 K | |
Goldman Sachs Group Inc | 2023-12-31 | 510.1 K | |
Citadel Advisors Llc | 2023-09-30 | 492.2 K | |
Mitsubishi Ufj Trust & Banking Corp | 2023-12-31 | 445.3 K | |
Bank Of New York Mellon Corp | 2023-12-31 | 418.7 K | |
Jpmorgan Chase & Co | 2023-12-31 | 409.8 K | |
Barclays Plc | 2023-12-31 | 400.3 K | |
Blackrock Inc | 2023-12-31 | 4.1 M | |
Vanguard Group Inc | 2023-12-31 | 3.3 M |
Watsco Historical Income Statement
Watsco Inc Income Statement is one of the three primary financial statements used for reporting Watsco's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Watsco Inc revenue and expense. Watsco Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Watsco's EBIT is very stable compared to the past year. As of the 29th of March 2024, EBITDA is likely to grow to about 846.8 M, though Minority Interest is likely to grow to (97 M). View More FundamentalsWatsco Stock Against Markets
Picking the right benchmark for Watsco stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Watsco stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Watsco is critical whether you are bullish or bearish towards Watsco Inc at a given time. Please also check how Watsco's historical prices are related to one of the top price index indicators.
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Watsco Corporate Directors
Watsco corporate directors refer to members of a Watsco board of directors. The board of directors generally takes responsibility for the Watsco's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Watsco's board members must vote for the resolution. The Watsco board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Steven Fedrizzi | Independent Director | Profile | |
Aaron Nahmad | VP of Strategy and Innovation, Director of Global Bus. Devel., Director and Member of Nominating and Strategy Committee | Profile | |
Steven Rubin | Independent Director | Profile | |
David Darnell | Independent Director | Profile |
How to buy Watsco Stock?
Before investing in Watsco, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Watsco. To buy Watsco stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Watsco. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Watsco stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Watsco Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Watsco Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Watsco Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Watsco Stock please use our How to Invest in Watsco guide.
Already Invested in Watsco Inc?
The danger of trading Watsco Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Watsco is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Watsco. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Watsco Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Watsco Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Watsco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Watsco Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Watsco Inc Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watsco Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Watsco Stock analysis
When running Watsco's price analysis, check to measure Watsco's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Watsco is operating at the current time. Most of Watsco's value examination focuses on studying past and present price action to predict the probability of Watsco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Watsco's price. Additionally, you may evaluate how the addition of Watsco to your portfolios can decrease your overall portfolio volatility.
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Is Watsco's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Watsco. If investors know Watsco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Watsco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Dividend Share 9.8 | Earnings Share 13.68 | Revenue Per Share 200.07 | Quarterly Revenue Growth 0.014 |
The market value of Watsco Inc is measured differently than its book value, which is the value of Watsco that is recorded on the company's balance sheet. Investors also form their own opinion of Watsco's value that differs from its market value or its book value, called intrinsic value, which is Watsco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Watsco's market value can be influenced by many factors that don't directly affect Watsco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Watsco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Watsco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Watsco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.