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

Watsco Inc (NYSE:WSO.B)’s stock price hit a new 52-week high on Thursday . The company traded as high as $518.97 and last traded at $518.97, with a volume of 134 shares traded. The stock had previously closed at $470.90.

Watsco Stock Performance

The stock has a 50-day simple moving average of $487.23 and a two-hundred day simple moving average of $468.39. The firm has a market cap of $20.93 billion, a PE ratio of 36.39 and a beta of 0.58.

Watsco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were paid a dividend of $2.70 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.08%. Watsco’s dividend payout ratio is currently 83.46%.

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.