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WSO

Watsco

$140.90

0.79 (0.56%)

07:31
10/03/16
10/03
07:31
10/03/16
07:31

Watsco boosts annual dividend 24% to $4.20 per share

Watsco announced that its Board of Directors has declared a regular quarterly cash dividend of $1.05 on each outstanding share of its Common and Class B common stock. This represents a 24% increase in the quarterly dividend rate versus a year ago. The cash dividend is payable on October 31, 2016 to shareholders of record at the close of business on October 17, 2016. Albert H. Nahmad, Watsco's Chairman & CEO stated: "We are pleased to be able to increase dividends to our shareholders. This latest increase reflects our confidence in the business and is supported by our continued positive cash flow and our strong balance sheet."

  • 17

    Nov

WSO Watsco
$140.90

0.79 (0.56%)

04/25/16
RHCO
04/25/16
DOWNGRADE
RHCO
Neutral
Watsco downgraded on valuation, longer term initiatives at SunTrust
As noted earlier, SunTrust downgraded Watsco to Neutral from Buy. As reasons for the downgrade, the firm cited valuation and its belief that the company's technology initiatives will take a significant amount of time to bear fruit. Target remains $136.
06/01/16
SUSQ
06/01/16
INITIATION
Target $154
SUSQ
Positive
Watsco initiated with a Positive at Susquehanna
Target $154.
07/25/16
GHSC
07/25/16
DOWNGRADE
Target $150
GHSC
Neutral
Watsco downgraded to Neutral from Accumulate at Seaport Global
Seaport Global analyst Walt Liptak downgraded Watsco to Neutral and lowered estimates following the disappointing Q2 report and a weakened 2016 outlook. The analyst maintained his $150 price target but does not expects Watsco to make up the Q2 sales deceleration in 2H 2016.
09/23/16
WBLR
09/23/16
NO CHANGE
WBLR
Outperform
Beacon Roofing selloff brings buying opportunity, says William Blair
William Blair analyst Ryan Merkel views the 9% pullback in shares of Beacon Roofing Supply (BECN) over the past two weeks as overdone. After speaking to management, the analyst attributes the stock weakness to fears of new construction peaking. Only about 10% of Beacon's sales are tied to new construction, however, with 90% tied to replacement, Merkel tells investors in a research note. He notes the company's close peers, Watsco (WSO) and Pool Corp. (POOL), have sold off far less. Merkel adds that his firm's roofing surveys indicate that fundamentals remain healthy and there has been no noticeable slowdown. He sees a good buying opportunity at current levels and keeps an Outperform rating on Beacon.

TODAY'S FREE FLY STORIES

PB

Prosperity Bancshares

$74.26

-0.2 (-0.27%)

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ACOR

Acorda Therapeutics

$25.00

0.25 (1.01%)

, BIIB

Biogen

$344.44

-0.43 (-0.12%)

06:38
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Biogen among companies weighing bids for Acorda, Bloomberg reports »

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ACOR

Acorda Therapeutics

$25.00

0.25 (1.01%)

BIIB

Biogen

$344.44

-0.43 (-0.12%)

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SYF

Synchrony

$37.31

-0.75 (-1.97%)

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MRK

Merck

$61.13

-0.9 (-1.45%)

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AstraZeneca

$35.07

-0.01 (-0.03%)

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MRK

Merck

$61.13

-0.9 (-1.45%)

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AstraZeneca

$35.07

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GWR

Genesee & Wyoming

$81.57

0.18 (0.22%)

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SYF

Synchrony

$37.30

-0.76 (-2.00%)

06:34
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Synchrony reports Q4 net interest income up 8% to $3.9B »

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  • 19

    Jan

FHN

First Horizon

$20.21

-0.09 (-0.44%)

06:34
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Earnings
First Horizon reports Q4 EPS (20c) may not compare with consensus 30c »

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AZN

AstraZeneca

$35.07

-0.01 (-0.03%)

06:34
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Periodicals
AstraZeneca sees big productivity jump amid fewer drug projects, Reuters reports »

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WIT

Wipro

$5.77

-0.11 (-1.87%)

06:33
01/19/18
01/19
06:33
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06:33
Earnings
Breaking Earnings news story on Wipro »

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WIT

Wipro

$5.77

-0.11 (-1.87%)

06:33
01/19/18
01/19
06:33
01/19/18
06:33
Earnings
Wipro reports Q3 revenue $2.1B, consensus $2.1B »

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CFG

Citizens Financial

$45.76

-0.08 (-0.17%)

06:33
01/19/18
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Breaking Hot Stocks news story on Citizens Financial »

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    Jan

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    Oct

JAPAF

Japan Tobacco

$32.91

-0.29 (-0.87%)

06:33
01/19/18
01/19
06:33
01/19/18
06:33
Upgrade
Japan Tobacco rating change  »

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CFG

Citizens Financial

$45.76

-0.08 (-0.17%)

06:32
01/19/18
01/19
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01/19/18
06:32
Hot Stocks
Citizens Financial raises quarterly dividend 22% to 22c per share »

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PM

Philip Morris

$105.07

-0.72 (-0.68%)

, MO

Altria Group

$70.03

-0.12 (-0.17%)

06:31
01/19/18
01/19
06:31
01/19/18
06:31
Upgrade
Philip Morris, Altria Group, British American Tobacco rating change  »

Philip Morris upgraded to…

PM

Philip Morris

$105.07

-0.72 (-0.68%)

MO

Altria Group

$70.03

-0.12 (-0.17%)

BTI

British American Tobacco

$68.56

-0.82 (-1.18%)

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CFG

Citizens Financial

$45.76

-0.08 (-0.17%)

06:31
01/19/18
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Earnings
Citizens Financial reports Q4 EPS $1.35 with items, consensus 67c »

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SYF

Synchrony

$37.30

-0.76 (-2.00%)

06:30
01/19/18
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Earnings
Breaking Earnings news story on Synchrony »

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  • 19

    Jan

MO

Altria Group

$70.03

-0.12 (-0.17%)

06:30
01/19/18
01/19
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06:30
Upgrade
Altria Group rating change  »

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JBHT

J.B. Hunt

$121.45

0.8 (0.66%)

06:28
01/19/18
01/19
06:28
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06:28
Recommendations
J.B. Hunt analyst commentary  »

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EADSY

Airbus

$27.68

0.175 (0.64%)

06:25
01/19/18
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06:25
Periodicals
Emirates A380 order enables Airbus to maintain minimum production, Reuters says »

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UAL

United Continental

$76.30

-0.28 (-0.37%)

, DAL

Delta Air Lines

$59.45

-0.27 (-0.45%)

06:23
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Periodicals
United to offer premium economy on international flights, CNBC reports »

United Airlines (UAL) is…

UAL

United Continental

$76.30

-0.28 (-0.37%)

DAL

Delta Air Lines

$59.45

-0.27 (-0.45%)

AAL

American Airlines

$58.34

0.18 (0.31%)

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LQ

La Quinta

$20.18

0.73 (3.75%)

, WYN

Wyndham

$122.73

5.6 (4.78%)

06:22
01/19/18
01/19
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01/19/18
06:22
Recommendations
La Quinta, Wyndham analyst commentary  »

La Quinta price target…

LQ

La Quinta

$20.18

0.73 (3.75%)

WYN

Wyndham

$122.73

5.6 (4.78%)

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  • 14

    Feb

GE

General Electric

$16.77

-0.58 (-3.34%)

06:19
01/19/18
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Recommendations
General Electric analyst commentary  »

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  • 24

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GOOG

Alphabet

$1,129.79

-2.19 (-0.19%)

, GOOGL

Alphabet Class A

$1,135.97

-3.13 (-0.27%)

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Google, Tencent sign patent licensing agreement, Bloomberg reports »

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GOOG

Alphabet

$1,129.79

-2.19 (-0.19%)

GOOGL

Alphabet Class A

$1,135.97

-3.13 (-0.27%)

TCEHY

Tencent

$57.42

-0.505 (-0.87%)

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BX

Blackstone

$34.91

-0.05 (-0.14%)

06:19
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Blackstone hires Joe Zidle to succeed Byron Wien, WSJ reports »

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  • 01

    Feb

WNS

WNS Holdings

$45.28

2.31 (5.38%)

06:17
01/19/18
01/19
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06:17
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WNS Holdings analyst commentary  »

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