Watsco
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 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
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
52% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 64
7% more funds holding in top 10
Funds holding in top 10: 14 [Q3] → 15 (+1) [Q4]
1% more funds holding
Funds holding: 776 [Q3] → 784 (+8) [Q4]
2% less capital invested
Capital invested by funds: $17.5B [Q3] → $17.1B (-$361M) [Q4]
1.92% less ownership
Funds ownership: 102.83% [Q3] → 100.91% (-1.92%) [Q4]
11% less repeat investments, than reductions
Existing positions increased: 263 | Existing positions reduced: 297
39% less call options, than puts
Call options by funds: $23.8M | Put options by funds: $39.1M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Baird David Manthey 56% 1-year accuracy 22 / 39 met price target | 12%upside $560 | Outperform Maintained | 19 Feb 2025 |
Financial journalist opinion
Based on 12 articles about WSO published over the past 30 days
