A Reversal for Watsco, Inc. (WSO) Is Not Near. The Stock Reaches All Time High Today

March 14, 2018 - By Stephen Andrade

Investors sentiment increased to 1.58 in 2017 Q3. Its up 0.13, from 1.45 in 2017Q2. It increased, as 29 investors sold Watsco, Inc. shares while 68 reduced holdings. 49 funds opened positions while 104 raised stakes. 28.54 million shares or 1.86% more from 28.02 million shares in 2017Q2 were reported.
Orrstown Financial Ser, a Pennsylvania-based fund reported 190 shares. Louisiana State Employees Retirement System has 8,100 shares. Crawford Inv Counsel owns 138,823 shares or 0.73% of their US portfolio. 235,500 are held by Markel. Putnam Investments Ltd Liability holds 0.02% in Watsco, Inc. (NYSE:WSO) or 59,752 shares. Dimensional Fund Advsrs Limited Partnership owns 242,525 shares or 0.02% of their US portfolio. Cantab Capital Prtn Llp holds 1,781 shares or 0.04% of its portfolio. Psagot Inv House has invested 0.02% in Watsco, Inc. (NYSE:WSO). Mitsubishi Ufj And Banking Corporation accumulated 0.06% or 199,200 shares. 3,889 were accumulated by Cadence Cap Mgmt Ltd Limited Liability Company. Schwab Charles Invest Incorporated owns 192,732 shares. Northern Trust Corp holds 0.01% or 258,601 shares. Stock Yards Comml Bank And owns 49,962 shares. Johnson stated it has 38 shares. Brookstone Capital Mngmt reported 0.03% stake.

The stock of Watsco, Inc. (NYSE:WSO) reached all time high today, Mar, 14 and still has $188.50 target or 3.00 % above today’s $183.01 share price. This indicates more upside for the $6.25B company. This technical setup was reported by Barchart.com. If the $188.50 PT is reached, the company will be worth $187.53 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.96% or $1.74 during the last trading session, reaching $183.01. About 231,451 shares traded or 9.08% up from the average. Watsco, Inc. (NYSE:WSO) has risen 8.75% since March 14, 2017 and is uptrending. It has underperformed by 7.95% the S&P500.

Analysts await Watsco, Inc. (NYSE:WSO) to report earnings on April, 24. They expect $0.88 EPS, up 31.34 % or $0.21 from last year’s $0.67 per share. WSO’s profit will be $30.06 million for 51.99 P/E if the $0.88 EPS becomes a reality. After $0.90 actual EPS reported by Watsco, Inc. for the previous quarter, Wall Street now forecasts -2.22 % negative EPS growth.

Watsco, Inc. (NYSE:WSO) Ratings Coverage

Among 11 analysts covering Watsco (NYSE:WSO), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. Watsco had 36 analyst reports since September 11, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, November 25. The firm has “Positive” rating given on Wednesday, June 1 by Susquehanna. The stock of Watsco, Inc. (NYSE:WSO) has “Underweight” rating given on Wednesday, July 26 by Morgan Stanley. The stock has “Buy” rating by Susquehanna on Friday, February 9. The firm has “Neutral” rating by JP Morgan given on Monday, February 12. As per Monday, April 18, the company rating was maintained by Barclays Capital. The stock of Watsco, Inc. (NYSE:WSO) has “Hold” rating given on Thursday, February 8 by Stephens. Seaport Global maintained the shares of WSO in report on Thursday, April 21 with “Accumulate” rating. Barclays Capital maintained the shares of WSO in report on Monday, October 5 with “Underweight” rating. Stifel Nicolaus maintained Watsco, Inc. (NYSE:WSO) on Sunday, December 10 with “Buy” rating.

Another recent and important Watsco, Inc. (NYSE:WSO) news was published by Globenewswire.com which published an article titled: “Watsco & Baird to Co-Host Technology Summit for Institutional Investors” on March 09, 2018.

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. The company has market cap of $6.25 billion. The firm distributes equipment, including residential central air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment and systems; and other specialized equipment. It has a 31.52 P/E ratio. It also distributes various parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies.

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