How to Buy Watsco Stock
Watsco Inc
Watsco is a industrial distribution company located in Florida, United States, which is part of the Industrials sector, and is traded under the ticker WSO on the NYSE exchange.
Watsco stock last closed at $340.76, up 4.15% from the previous day, and has increased 29.51% in one year. It has overperformed other stocks in the Industrial Distribution industry by 0.06 percentage points. Watsco stock is currently +54.41% from its 52-week low of $220.68, and -4.44% from its 52-week high of $356.60.
At the moment, there are 38.96M WSO shares outstanding. The market capitalization of WSO is $13.27B. In the past 24 hours, 288,673 WSO shares were traded.
How to Buy Watsco Stock
Not sure how to invest in Watsco stock? Here's how.
- Figure out where to buy Watsco stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy Watsco stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your payment method and add your information.
- Analyze Watsco stock: The Watsco ticker symbol is WSO. Is Watsco stock a good investment? Should you buy shares of WSO? How do WSO's underlying business fundamentals look? Do top analysts think Watsco is a good buy? Why has WSO's stock price moved recently? (Hint: Our stock research tools can help you figure out if WSO is a good stock to buy).
- Make your WSO trade: Decide if you will purchase WSO shares at the current market price or use a limit order to purchase WSO shares at a particular price.
- Get the latest news on your WSO investment: Create a watchlist to watch your investment in Watsco stock.
Step 1: Figure out where to buy Watsco stock
You will need a brokerage account to access the NYSE market and buy WSO stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world markets: From Technology to Real Estate, New York to London — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal details so you are able to invest in WSO stock today.
How to Create a New Investment Account on eToro
- Click here to get started.
- Provide your personal data to start a new brokerage account.
- Submit your application by pressing the "Create Account" button.
Step 3: Fund your brokerage account
Now that you've finished signing up on app for stock market, you need to deposit funds:
Check out the tutorial below for more details transferring funds into your new investment account.
Step 4: Analyze Watsco stock
Once you have decided on the best place to buy Watsco stock, it's absolutely critical to research their stock prior to investing, so you actually comprehend the risk and upside.
Watsco shares at a glance
Fundamentals of Watsco
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on WSO's stock page.
How is WSO stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge WSO's true value.
Using relative valuations metrics:
- WSO may be undervalued based on its P/E ratio of 22.16x, relative to Industrial Distribution industry P/E ratio of 331.44x
- WSO could be overvalued based on its P/B ratio of 6.88x, relative to Industrial Distribution industry P/B ratio of 5.72x
You can do more valuation analysis on WSO's stock here.
WSO Financial Overview
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the WSO balance sheet.
- There are more short-term assets than short-term liabilities on the WSO balance sheet.
- WSO's operating cash flow of $626.17M allows it to safely service it's debt of $540.68M.
- WSO earnings of $724.03M is not sufficient to cover its interest payments.
- WSO profit margin has gone up from 7.2% to 8.2% in the past year.
Negative Health Checks:
- Total WSO debt is higher than 5 years ago, relative to shareholder equity.
- WSO has a relatively high debt to equity ratio of 0.77.
Is it a good time to buy Watsco stock, according to Wall Street analysts?
Out of 9 Wall Street analysts who give forecasts on WSO, the consensus analyst rating on WSO is a Hold
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent WSO Analyst Forecasts
Damian Karas, a bottom 40% analyst from UBS maintains WSO with a hold rating and raises their WSO price target from $280.00 to $340.00, on May 23, 2023.
Joseph Allman, a top 31% analyst from Deutsche Bank maintains WSO with a hold rating and raises their WSO price target from $331.00 to $380.00, on Apr 24, 2023.
Chris Dankert, a top 19% analyst from Loop Capital maintains WSO with a hold rating and raises their WSO price target from $315.00 to $335.00, on Apr 24, 2023.
Tommy Moll, a top 17% analyst from Stephens & Co. maintains WSO with a strong buy rating and raises their WSO price target from $375.00 to $400.00, on Apr 21, 2023.
Joshua Pokrzywinski, a top 4% analyst from Morgan Stanley maintains WSO with a strong sell rating and raises their WSO price target from $269.00 to $289.00, on Apr 21, 2023.
You can dig deeper into what analysts are forecasting on the Watsco stock forecast page.
WSO Technicals
WSO Earnings
Last year, WSO earnings were $597.94M. During the past 5 year, WSO's earnings have increased by 20.84% per year. This was faster than the Industrial Distribution industry average of 18.56%.
Last year, WSO revenue was $7.30B. Over the last five year, WSO's revenue has increased by 10.68% per year. This was slower than the Industrial Distribution industry average of 13.22%.
Learn more about WSO's earnings and revenue performance here.
Are WSO insiders buying or selling the stock?
Over the last 12 months, executives and large shareholders at WSO have sold more shares than they have bought.
Cesar L. Alvarez, Director of WSO, was the latest WSO insider to sell. They sold $1,330,560.00 worth of WSO stock on May 22, 2023.
Learn more about who owns WSO stock here.
Does WSO provide a stable income stream?
Watsco pays a dividend of 2.73%, compared to the Industrial Distribution industry's average dividend yield of 2.09%. If you owned $1,000 of WSO stock, you would have received $27.29 last year.
Watsco dividend payments have consistently grown over the past decade and have remained stable.
Find more data about Watsco dividend yield and history here.
What others are saying about WSO
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your WSO trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.
Press the Open Trade button and your broker will place your order.
If you require additional info about buying stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your WSO investment
Now that you own some shares in WSO, you'll want to stay up-to-date on your shares.
Add WSO to a watchlist to track the latest developments regarding your WSO stock.
WSO Feed
How to Buy Stock in Watsco
To reiterate, here are the 6 steps for buying Watsco stock:
- Figure out where to buy Watsco stock
- Create a brokerage account
- Fund your brokerage account
- Analyze Watsco stock
- Make your WSO trade
- Get the latest news on your WSO investment
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your new investment in Watsco, click the button below.
Other "How To" Guides You Might Like
FAQ
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.