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 $444.00, up 0.77% from the previous day, and has increased 28.26% in one year. It has underperformed other stocks in the Industrial Distribution industry by 0.04 percentage points. Watsco stock is currently +40.87% from its 52-week low of $315.18, and -1.62% from its 52-week high of $451.29.
At the moment, there are 44.27M WSO shares outstanding. The market capitalization of WSO is $19.66B. In the past 24 hours, 482,385 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:
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- 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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new brokerage account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
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 32.36x, relative to Industrial Distribution industry P/E ratio of 512.3x
- WSO could be overvalued based on its P/B ratio of 8.81x, relative to Industrial Distribution industry P/B ratio of 6.84x
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 $561.95M allows it to safely service it's debt of $404.79M.
- WSO earnings of $697.01M is not sufficient to cover its interest payments.
Negative Health Checks:
- WSO has a relatively high debt to equity ratio of 0.5.
- Total WSO debt is higher than 5 years ago, relative to shareholder equity.
- WSO profit margin has gone down from 8.3% to 7.4% in the past year.
Is it a good time to buy Watsco stock, according to Wall Street analysts?
Out of 2 Wall Street analysts who give forecasts on WSO, the consensus analyst rating on WSO is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Watsco stock forecast page.
WSO Technical Indicators
WSO Revenue
Last year, WSO earnings were $536.34M. In the past five year, WSO's earnings have gone up by 16.11% per year. This was faster than the Industrial Distribution industry average of 11.96%.
Last year, WSO revenue was $7.28B. Over the last 5 year, WSO's revenue has increased by 9.88% per year. This was slower than the Industrial Distribution industry average of 23.35%.
Find out more about WSO's earnings and revenue performance here.
What are WSO insiders up to?
In the past year, executives and large shareholders at WSO have sold more shares than they have bought.
Barry S. Logan, Executive Vice President of WSO, was the latest WSO insider to buy. They bought $7,712.46 worth of WSO stock on Mar 11, 2024.
Dig into more about who owns WSO shares here.
Can I get consistent income from WSO stock?
Watsco pays a dividend of 2.26%, compared to the Industrial Distribution industry's average dividend yield of 1.75%. If you owned $1,000 worth of WSO stock, you would have been paid $22.64 last year.
Watsco dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Watsco dividend yield and history here.
WSO Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your WSO trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact price limit, use a limit order.
Press the Open button and eToro will execute your order.
If you want more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your WSO investment
Now that you own some WSO stock, you'll want to stay up-to-date on your new investment.
Add WSO to a watchlist to get the latest updates about your WSO stock.
WSO Feed
How to Buy Stock in Watsco
To summarize, 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 need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your investment in Watsco, click the button below.
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