Watsco, Inc. $WSO Stock Purchased by Vantage Investment Partners LLC

Vantage Investment Partners LLC lifted its holdings in shares of Watsco, Inc. (NYSE:WSO) by 12.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,419 shares of the construction company’s stock after buying an additional 17,875 shares during the period. Watsco comprises 2.9% of Vantage Investment Partners LLC’s holdings, making the stock its 11th largest position. Vantage Investment Partners LLC’s holdings in Watsco were worth $47,952,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new stake in shares of Watsco in the third quarter valued at about $34,000. Asset Management One Co. Ltd. raised its holdings in Watsco by 0.6% during the third quarter. Asset Management One Co. Ltd. now owns 12,982 shares of the construction company’s stock worth $3,930,000 after acquiring an additional 78 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Watsco by 3.9% during the third quarter. Oppenheimer & Co. Inc. now owns 12,680 shares of the construction company’s stock valued at $3,838,000 after purchasing an additional 475 shares during the last quarter. Park Avenue Securities LLC boosted its position in Watsco by 15.0% during the third quarter. Park Avenue Securities LLC now owns 1,822 shares of the construction company’s stock valued at $552,000 after purchasing an additional 237 shares during the last quarter. Finally, Davidson Kahn Capital Management LLC boosted its position in Watsco by 33.3% during the third quarter. Davidson Kahn Capital Management LLC now owns 1,598 shares of the construction company’s stock valued at $484,000 after purchasing an additional 399 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Watsco

Here are the key news stories impacting Watsco this week:

• Positive Sentiment: Watsco reported record third-quarter revenue of $2.22 billion, up 7.4% year over year and slightly above expectations. Management cited improving demand, its technology platform and entrepreneurial sales culture as ongoing growth drivers. Watsco Reports Record Third Quarter Sales, Strong Cash Flow and Improving Demand
• Positive Sentiment: Recent acquisitions of Jackson Supply Company and The Granite Group added 107 locations and approximately $730 million in annualized revenue, supporting Watsco’s expansion strategy. Watsco Posts Record Q3 Revenue, Expands Through Acquisitions
• Positive Sentiment: Operating cash flow reached $325 million in the quarter, while nine-month cash flow rose 79% to $303.7 million. Watsco also replaced its prior $600 million revolving facility with a new syndicated credit facility, expanding financial flexibility for acquisitions and operations. Watsco Expands Liquidity with New Syndicated Credit Facility
• Neutral Sentiment: Watsco’s HVAC distribution business benefits from relatively resilient replacement demand, which may provide longer-term support even when broader consumer activity weakens. Watsco and Ferguson Shareholders
• Negative Sentiment: Third-quarter diluted EPS was $3.77, below analyst estimates of roughly $4.10–$4.13 and down from $3.98 a year earlier. The earnings shortfall is the primary reason for the negative market reaction. Watsco Q3 Earnings Miss Estimates
• Negative Sentiment: Profitability weakened: net income declined to $182.8 million, operating income fell 4% to $225.2 million, and gross margin was 26.4%. The results suggest cost or mix pressures offset the benefit of higher revenue. Watsco Stock Slides After Q3 2026 Earnings Misses Estimates

Watsco Stock Performance

Shares of WSO stock opened at $290.36 on Thursday. Watsco, Inc. has a 52-week low of $277.34 and a 52-week high of $459.00. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 25.18 and a beta of 1.06. The firm’s 50-day moving average is $306.35 and its 200-day moving average is $366.43.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Tuesday, October 27th. The construction company reported $3.77 EPS for the quarter, missing analysts’ consensus estimates of $4.10 by ($0.33). The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. Watsco had a return on equity of 14.40% and a net margin of 6.53%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.98 EPS. Sell-side analysts predict that Watsco, Inc. will post 12.19 EPS for the current fiscal year.

Watsco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, October 16th. Watsco’s payout ratio is currently 114.48%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WSO. Zacks Research raised Watsco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 21st. Weiss Ratings downgraded Watsco from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. DA Davidson cut their price objective on Watsco from $385.00 to $330.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Mizuho decreased their target price on shares of Watsco from $350.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. Finally, Morgan Stanley lowered their target price on shares of Watsco from $370.00 to $330.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Watsco presently has a consensus rating of “Hold” and a consensus target price of $373.62.

Watsco Profile

Watsco, Inc (NYSE: WSO) is a distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment and related products. The company supplies residential and light commercial air-conditioning and heating systems, refrigeration equipment, replacement parts, and other supplies used by contractors and service professionals.

Watsco distributes products from leading HVAC/R manufacturers, including equipment and components such as air conditioners, heat pumps, furnaces, air handlers, thermostats, controls, motors and indoor air-quality products.