ABN Amro Investment Solutions Invests $788,000 in Watsco, Inc. $WSO

ABN Amro Investment Solutions acquired a new position in Watsco, Inc. (NYSE:WSO) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,339 shares of the construction company’s stock, valued at approximately $788,000.

A number of other large investors have also recently made changes to their positions in the business. Capital International Investors grew its position in shares of Watsco by 741.4% in the 3rd quarter. Capital International Investors now owns 2,285,895 shares of the construction company’s stock worth $924,187,000 after buying an additional 2,014,233 shares during the last quarter. State Street Corp boosted its position in shares of Watsco by 1.4% during the third quarter. State Street Corp now owns 1,238,121 shares of the construction company’s stock valued at $500,572,000 after purchasing an additional 16,595 shares in the last quarter. M&T Bank Corp boosted its position in shares of Watsco by 60,779.4% during the fourth quarter. M&T Bank Corp now owns 599,662 shares of the construction company’s stock valued at $202,056,000 after purchasing an additional 598,677 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Watsco by 31.8% during the fourth quarter. DAVENPORT & Co LLC now owns 470,177 shares of the construction company’s stock valued at $159,293,000 after purchasing an additional 113,333 shares in the last quarter. Finally, Hamlin Capital Management LLC boosted its position in shares of Watsco by 13.3% during the third quarter. Hamlin Capital Management LLC now owns 405,480 shares of the construction company’s stock valued at $163,936,000 after purchasing an additional 47,643 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors.

More Watsco News

Here are the key news stories impacting Watsco this week:

• Positive Sentiment: Zacks Research raised Watsco’s FY2026 EPS estimate to $12.56 from $12.38, suggesting slightly better expected full-year profitability. Watsco research report
• Positive Sentiment: The firm also increased its Q3 2026 EPS estimate to $4.29 from $4.22 and Q1 2027 EPS to $1.92 from $1.89, pointing to stronger near-term earnings expectations. Watsco research report
• Positive Sentiment: Zacks slightly lifted its Q2 2027 EPS forecast to $4.75 from $4.74, indicating continued stability in the outlook. Watsco research report
• Neutral Sentiment: Zacks kept a Hold rating on Watsco, which does not signal a major change in its overall view of the stock. Watsco research report
• Negative Sentiment: Longer-term estimates were trimmed, including FY2027 EPS to $13.70 from $13.83, FY2028 EPS to $14.93 from $15.63, and Q4 2027 EPS to $2.34 from $2.42, which may have weighed on sentiment. Watsco research report
• Negative Sentiment: Q2 2026 EPS was also cut slightly to $4.25 from $4.27, reinforcing the view that analysts see some earnings moderation ahead. Watsco research report

Watsco Trading Down 0.2%

Watsco stock opened at $374.58 on Monday. The business’s fifty day simple moving average is $399.49 and its two-hundred day simple moving average is $381.24. Watsco, Inc. has a 12 month low of $323.05 and a 12 month high of $494.94. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 31.09 and a beta of 1.12.

Watsco (NYSE:WSO) last posted its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. Watsco had a return on equity of 15.31% and a net margin of 6.85%.The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business earned $1.93 earnings per share. The company’s revenue was up .1% on a year-over-year basis. On average, equities research analysts predict that Watsco, Inc. will post 12.73 EPS for the current year.

Watsco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th were given a $3.30 dividend. This is a positive change from Watsco’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $13.20 dividend on an annualized basis and a yield of 3.5%. Watsco’s payout ratio is presently 109.54%.

Analysts Set New Price Targets

Several research firms recently weighed in on WSO. Zacks Research upgraded Watsco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Mizuho set a $425.00 price target on Watsco in a research report on Wednesday, February 18th. Stephens lifted their price target on Watsco from $475.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded Watsco from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, JPMorgan Chase & Co. lifted their price target on Watsco from $370.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $399.83.

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.