Watsco (NYSE:WSO.B) Stock Price Down 4.5% – Here’s What Happened

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

Watsco Trading Down 5.1 %

The firm has a market capitalization of $20.49 billion, a P/E ratio of 39.22 and a beta of 0.61. The business’s 50 day simple moving average is $519.00 and its two-hundred day simple moving average is $494.47.

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

Watsco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $2.70 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $10.80 annualized dividend and a yield of 2.13%. Watsco’s dividend payout ratio (DPR) is 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.