6,284 Shares in Watsco, Inc. $WSO Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in Watsco, Inc. (NYSE:WSO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,284 shares of the construction company's stock, valued at approximately $2,619,000.

A number of other hedge funds have also recently bought and sold shares of the business. CWM LLC raised its position in shares of Watsco by 3.8% in the 4th quarter. CWM LLC now owns 710 shares of the construction company's stock valued at $239,000 after purchasing an additional 26 shares in the last quarter. Assetmark Inc. grew its position in shares of Watsco by 2.7% during the first quarter. Assetmark Inc. now owns 1,115 shares of the construction company's stock worth $406,000 after buying an additional 29 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in shares of Watsco by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 7,814 shares of the construction company's stock worth $2,633,000 after buying an additional 34 shares in the last quarter. Modern Wealth Management LLC increased its stake in shares of Watsco by 5.2% in the second quarter. Modern Wealth Management LLC now owns 783 shares of the construction company's stock worth $346,000 after buying an additional 39 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Watsco by 10.5% in the first quarter. Bessemer Group Inc. now owns 496 shares of the construction company's stock worth $181,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 89.71% of the company's stock.

Watsco Trading Down 0.9%

WSO stock opened at $311.57 on Friday. The stock's 50 day simple moving average is $363.17 and its 200 day simple moving average is $385.73. Watsco, Inc. has a 12-month low of $300.66 and a 12-month high of $459.00. The firm has a market cap of $12.85 billion, a P/E ratio of 27.02 and a beta of 1.05.

Watsco (NYSE:WSO - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $4.00 EPS for the quarter, missing analysts' consensus estimates of $4.41 by ($0.41). Watsco had a return on equity of 14.40% and a net margin of 6.53%.The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm earned $4.52 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts forecast that Watsco, Inc. will post 12.21 EPS for the current fiscal year.

Watsco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 16th were given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, July 16th. Watsco's dividend payout ratio (DPR) is presently 114.48%.

Watsco News Summary

Here are the key news stories impacting Watsco this week:

• Positive Sentiment: Zacks raised its EPS forecast for Q1 2027 to $1.93 from $1.92 and Q1 2028 to $2.05 from $1.93. Its FY2028 estimate also increased to $15.26 from $14.93, suggesting analysts still see longer-term earnings growth potential. Watsco stock information
• Neutral Sentiment: The firm maintained estimates of $13.53 EPS for FY2027 and $15.26 for FY2028, while its current full-year consensus reference stands at approximately $12.43 per share. The revisions indicate a mixed outlook rather than a broad change in the long-term investment thesis.
• Negative Sentiment: Zacks cut its FY2026 EPS forecast to $12.21 from $12.56 and lowered Q3 2026 EPS to $4.21 from $4.29 and Q4 2026 EPS to $2.13 from $2.15. These reductions point to softer near-term earnings expectations.
• Negative Sentiment: Estimates were also reduced for Q2 2027 to $4.61 from $4.75, Q3 2027 to $4.65 from $4.69, and FY2027 to $13.53 from $13.70. The repeated cuts may weigh on sentiment, particularly because Watsco already trades at a meaningful earnings multiple despite its recent earnings miss.

Analyst Ratings Changes

WSO has been the topic of a number of research analyst reports. Robert W. Baird set a $400.00 price objective on shares of Watsco in a research note on Thursday, July 30th. Stephens reissued an "overweight" rating and issued a $485.00 target price on shares of Watsco in a research report on Monday, August 17th. Wall Street Zen upgraded shares of Watsco from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Morgan Stanley upped their target price on shares of Watsco from $370.00 to $405.00 and gave the company an "equal weight" rating in a research note on Friday, July 10th. Finally, DA Davidson reduced their price target on shares of Watsco from $385.00 to $330.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Watsco currently has a consensus rating of "Hold" and a consensus target price of $395.50.

Watsco Company Profile

Watsco, Inc is the largest distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment, parts and supplies in the United States. Headquartered in Miami, Florida, the company operates a network of more than 600 branches across the continental U.S., Canada and Puerto Rico. Watsco serves residential and commercial contractors by providing essential components for climate control systems, including air conditioners, furnaces, heat pumps, coils, refrigerants, controls and electrical and piping supplies.

Founded in 1947, Watsco has grown from a single regional distributor into an industry leader through a combination of organic expansion, acquisitions and strategic partnerships with original equipment manufacturers such as Carrier, Trane, Goodman and Lennox.

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