Comerica Bank Has $15.42 Million Position in Watsco, Inc. $WSO

Comerica Bank raised its stake in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 36.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,756 shares of the construction company's stock after buying an additional 12,190 shares during the quarter. Comerica Bank owned about 0.11% of Watsco worth $15,417,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. CWM LLC grew its position in shares of Watsco by 3.8% during the 4th quarter. CWM LLC now owns 710 shares of the construction company's stock worth $239,000 after buying an additional 26 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Watsco by 2.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,559 shares of the construction company's stock valued at $525,000 after purchasing an additional 30 shares during the period. Apollon Wealth Management LLC grew its position in shares of Watsco by 6.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 601 shares of the construction company's stock valued at $243,000 after purchasing an additional 34 shares during the period. Applied Capital LLC FL grew its position in shares of Watsco by 0.5% in the 3rd quarter. Applied Capital LLC FL now owns 6,993 shares of the construction company's stock valued at $2,827,000 after purchasing an additional 36 shares during the period. Finally, Profund Advisors LLC grew its position in shares of Watsco by 4.7% in the 3rd quarter. Profund Advisors LLC now owns 805 shares of the construction company's stock valued at $325,000 after purchasing an additional 36 shares during the period. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Watsco Stock Performance

Shares of WSO opened at $439.99 on Wednesday. Watsco, Inc. has a 52-week low of $323.05 and a 52-week high of $496.25. The stock has a 50 day simple moving average of $397.51 and a 200 day simple moving average of $376.15. The firm has a market capitalization of $17.86 billion, a PE ratio of 36.33 and a beta of 1.06.

Watsco (NYSE:WSO - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.14. Watsco had a return on equity of 15.49% and a net margin of 6.87%.The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $1.93 EPS. The business's revenue was up .1% on a year-over-year basis. Equities research analysts predict that Watsco, Inc. will post 12.53 EPS for the current fiscal year.

Watsco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a dividend of $3.30 per share. This is an increase from Watsco's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. Watsco's payout ratio is currently 109.00%.

Trending Headlines about Watsco

Here are the key news stories impacting Watsco this week:

• Positive Sentiment: Signed definitive agreement to acquire Jackson Supply Company (about $230M of annual sales) to add scale in core Sunbelt markets and advance Watsco’s buy‑and‑build strategy — a clear strategic growth move. Watsco To Acquire Jackson Supply Company
• Positive Sentiment: Q1 results beat consensus: EPS $1.87 vs. ~$1.70 estimate and revenue $1.53B vs. ~$1.48B; company also raised its dividend — supports cash-return thesis and long‑term shareholder value. Watsco (WSO) Q1 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Management emphasized a “digital push” and technology adoption on the earnings call, describing cautious optimism about longer‑term efficiency gains — positive strategically but not an immediate earnings fix. Watsco Earnings Call: Digital Push Drives Cautious Optimism
• Negative Sentiment: Underlying profitability showed pressure: gross margin dipped slightly (~27.9% vs. 28.1% a year ago), operating income declined ~2% (~$110M) and EPS fell year‑over‑year — factors that likely drove the selloff despite the beat. Watsco shares slide as Q1 results show slight margin and EPS pressure despite flat revenue
• Negative Sentiment: Sales mix was uneven: U.S. sales rose modestly (~+2%) while international sales fell (~-11%), HVAC equipment volumes were down ~1% — sign that seasonal demand and geographic exposure remain risks near term. Watsco, Inc. (WSO) Q1 2026 Earnings Call Transcript

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WSO. Morgan Stanley decreased their price objective on Watsco from $460.00 to $370.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 14th. UBS Group began coverage on Watsco in a research report on Monday, January 5th. They issued a "neutral" rating and a $370.00 price objective for the company. Zacks Research upgraded Watsco from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. boosted their price objective on Watsco from $370.00 to $400.00 and gave the company a "neutral" rating in a research report on Thursday, February 19th. Finally, Mizuho set a $425.00 price objective on Watsco in a research report on Wednesday, February 18th. Eight analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $382.80.

About Watsco

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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