Watsco (NYSE:WSO.B) Sets New 52-Week High – Still a Buy?

Watsco Inc (NYSE:WSO.B) reached a new 52-week high during trading on Tuesday . The stock traded as high as $535.00 and last traded at $535.00, with a volume of 200 shares trading hands. The stock had previously closed at $519.70.

Watsco Stock Performance

The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 41.34 and a beta of 0.61. The business has a 50 day simple moving average of $506.25 and a 200-day simple moving average of $479.81.

Watsco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were issued a dividend of $2.70 per share. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Wednesday, October 16th. Watsco’s dividend payout ratio is presently 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.