Watsco is the largest heating, air conditioning and refrigeration products manufacturer. Since 1947, the company based in Florida operates in more than 500 locations in United States, Puerto Rico, Caribbean and Latin American countries.
With a turnover expected close to 3.5 billion dollars for 2012 fiscal year and a net result at 106 million dollars, the company net margin is up to 3% and shows a strong growth potential. Earnings per share should be 3.34 USD for 2012, 20% up from 2011 exercise. Consensus is confident and analysts from Thomson-Reuters advise investors to buy this stock.
An important volatility was noticed during last two weeks but the security is now up to its 3 moving averages, which could play as strong support. The consolidation phase engaged during the latest sessions forms an interesting entry point to benefit from a bullish trend on the way to the USD 75 level.
Investors could take a long position on the stock on the current level with an objective at USD 75. A stop loss will be positioned below 100-days moving average at USD 71.1.
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Watsco, Inc. is engaged in the distribution of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) with locations in the United States, Canada, Mexico, and Puerto Rico, and on an export basis to Latin America and the Caribbean. The Company sells products to the commercial refrigeration market, which include condensing units, compressors, evaporators, valves, refrigerants, walk-in coolers, and ice machines for industrial and commercial applications. It also sells a variety of non-equipment products including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats, and air quality products. It distributes products manufactured by Flexible Technologies, Inc. (Flexible Technologies), Resideo Technologies, Inc. (Resideo), Copeland Corporation, LLC, The Chemours Company (Chemours), Mueller Industries, Inc. (Mueller), and Welbilt, Inc. (Welbilt), among others. The Company operates in approximately 692 locations.
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
