Watsco, Inc. $WSO Stock Purchased by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC boosted its position in Watsco, Inc. (NYSE:WSO) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,504 shares of the construction company’s stock after purchasing an additional 1,951 shares during the period. Watsco makes up about 1.4% of LaFleur & Godfrey LLC’s portfolio, making the stock its 26th largest holding. LaFleur & Godfrey LLC’s holdings in Watsco were worth $11,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WSO. Confluence Investment Management LLC acquired a new position in shares of Watsco during the 3rd quarter valued at $96,991,000. Bank of America Corp DE acquired a new stake in shares of Watsco in the second quarter valued at $119,291,000. Bank of New York Mellon Corp bought a new position in Watsco during the second quarter valued at about $97,937,000. Findlay Park Partners LLP bought a new position in Watsco during the second quarter valued at about $78,695,000. Finally, Corient Private Wealth LP acquired a new position in Watsco during the second quarter worth about $60,024,000. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about 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 NYSE:WSO opened at $290.36 on Thursday. The company has a market capitalization of $11.98 billion, a PE ratio of 25.18 and a beta of 1.06. The stock has a fifty day moving average of $306.35 and a 200-day moving average of $366.43. Watsco, Inc. has a one year low of $277.34 and a one year high of $459.00.

Watsco (NYSE:WSO) last issued its earnings results on Tuesday, October 27th. The construction company reported $3.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.10 by ($0.33). The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. Watsco had a return on equity of 14.40% and a net margin of 6.53%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.98 earnings per share. As a group, research analysts forecast that Watsco, Inc. will post 12.19 EPS for the current fiscal year.

Watsco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $3.30 dividend. The ex-dividend date is Friday, October 16th. This represents a $13.20 dividend on an annualized basis and a dividend yield of 4.5%. Watsco’s dividend payout ratio (DPR) is 114.48%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Stephens reiterated an “overweight” rating and issued a $485.00 price target on shares of Watsco in a research report on Monday, August 17th. Morgan Stanley reduced their price objective on shares of Watsco from $370.00 to $330.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Zacks Research upgraded shares of Watsco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 21st. Robert W. Baird set a $400.00 price objective on shares of Watsco in a research note on Thursday, July 30th. Finally, DA Davidson dropped their target price on shares of Watsco from $385.00 to $330.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average 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.