WSO stock icon

Watsco
WSO

$492.60
0.6%
 

About: Watsco is the largest heating, ventilation, air conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (90% of 2023 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America (5% of sales). The company's customer base consists of more than 125,000 contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.

Employees: 7,425

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 3 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

11% more call options, than puts

Call options by funds: $72.9M | Put options by funds: $65.8M

10% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 71

2% more capital invested

Capital invested by funds: $15.1B [Q4 2023] → $15.4B (+$282M) [Q1 2024]

1% more funds holding

Funds holding: 714 [Q4 2023] → 721 (+7) [Q1 2024]

0.85% more ownership

Funds ownership: 104.56% [Q4 2023] → 105.41% (+0.85%) [Q1 2024]

5% less repeat investments, than reductions

Existing positions increased: 261 | Existing positions reduced: 274

35% less funds holding in top 10

Funds holding in top 10: 20 [Q4 2023] → 13 (-7) [Q1 2024]

Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$410
17%
downside
Avg. target
$457
7%
downside
High target
$500
2%
upside

3 analyst ratings

positive
100%
neutral
0%
negative
0%
Stephens & Co.
Tommy Moll
2%upside
$500
Overweight
Reiterated
25 Apr 2024
Baird
David Manthey
7%downside
$460
Outperform
Maintained
25 Apr 2024
Baird
David Manthey
17%downside
$410
Outperform
Maintained
14 Feb 2024

Financial journalist opinion

Based on 3 articles about WSO published over the past 30 days