A new trading day began on Tuesday, with Watsco Inc. (NYSE: WSO) stock price down -4.47% from the previous day of trading, before settling in for the closing price of $503.67. WSO’s price has ranged from $337.58 to $520.41 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 10.22% over the past five years. Meanwhile, its annual earnings per share averaged 1.45%. With a float of $34.49 million, this company’s outstanding shares have now reached $40.30 million.
Let’s look at the performance matrix of the company that is accounted for 7425 employees.
Watsco Inc. (WSO) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Industrial Distribution Industry. The insider ownership of Watsco Inc. is 14.43%, while institutional ownership is 92.11%. The most recent insider transaction that took place on May 10 ’24, was worth 366,759. In this transaction Executive Vice President of this company sold 774 shares at a rate of $473.85, taking the stock ownership to the 1,770 shares. Before that another transaction happened on May 09 ’24, when Company’s Director sold 5,334 for $466.41, making the entire transaction worth $2,487,848. This insider now owns 0 shares in total.
Watsco Inc. (WSO) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 1.45% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.42% during the next five years compared to 16.06% growth over the previous five years of trading.
Watsco Inc. (NYSE: WSO) Trading Performance Indicators
Here are Watsco Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.31. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.66. Likewise, its price to free cash flow for the trailing twelve months is 28.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 12.88, a number that is poised to hit 4.78 in the next quarter and is forecasted to reach 15.49 in one year’s time.
Technical Analysis of Watsco Inc. (WSO)
Watsco Inc. (NYSE: WSO) saw its 5-day average volume 0.44 million, a positive change from its year-to-date volume of 0.32 million. As of the previous 9 days, the stock’s Stochastic %D was 53.20%. Additionally, its Average True Range was 15.25.
During the past 100 days, Watsco Inc.’s (WSO) raw stochastic average was set at 70.10%, which indicates a significant increase from 14.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.23% in the past 14 days, which was higher than the 29.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $481.58, while its 200-day Moving Average is $424.62. Nevertheless, the first resistance level for the watch stands at $490.51 in the near term. At $499.88, the stock is likely to face the second major resistance level. The third major resistance level sits at $507.92. If the price goes on to break the first support level at $473.10, it is likely to go to the next support level at $465.05. Assuming the price breaks the second support level, the third support level stands at $455.68.
Watsco Inc. (NYSE: WSO) Key Stats
With a market capitalization of 19.39 billion, the company has a total of 40,300K Shares Outstanding. Currently, annual sales are 7,284 M while annual income is 536,340 K. The company’s previous quarter sales were 1,565 M while its latest quarter income was 87,000 K.
