Stifel Nicolaus Believes Watsco (NYSE: WSO) Won’t Stop Here

By Ryan Adsit

Stifel Nicolaus analyst Robert McCarthy reiterated a Buy rating on Watsco (NYSE: WSO) yesterday and set a price target of $176. The company’s shares closed yesterday at $155.46, close to its 52-week high of $159.55.

According to, McCarthy is a 5-star analyst with an average return of 12.1% and a 75.8% success rate. McCarthy covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.

Watsco has an analyst consensus of Moderate Buy, with a price target consensus of $163.

Based on Watsco’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $872 million and quarterly net profit of $23.06 million. In comparison, last year the company earned revenue of $851 million and had a net profit of $23.12 million.

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Watsco, Inc. engages in distribution of air conditioning, heating and refrigeration equipment and related parts. Its products include residential central air conditioners, gas, electric and oil furnaces, commercial air conditioning and heating equipment and systems, and other specialized equipment; parts, including replacement compressors, evaporator coils, motors and other component parts; and supplies, including thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies. The company was founded by William Wagner in 1956 and is headquartered in Miami, FL.,000YQ6-E