Watsco (NYSE:WSO.B) Shares Gap Down - Should You Sell?

Watsco Inc (NYSE:WSO.B - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $535.00, but opened at $475.15. Watsco shares last traded at $497.05, with a volume of 401 shares trading hands.

Watsco Stock Down 7.8 %

The stock has a market capitalization of $19.92 billion, a PE ratio of 38.12 and a beta of 0.61. The firm's fifty day moving average price is $517.48 and its two-hundred day moving average price is $495.31.

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

Watsco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $2.70 dividend. The ex-dividend date is Friday, January 17th. This represents a $10.80 dividend on an annualized basis and a dividend yield of 2.19%. Watsco's dividend payout ratio (DPR) is presently 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.