WatscoWSO
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: 7,295
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
64% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 64
7% more funds holding in top 10
Funds holding in top 10: 14 [Q3] → 15 (+1) [Q4]
4% more funds holding
Funds holding: 776 [Q3] → 807 (+31) [Q4]
0.26% less ownership
Funds ownership: 101.33% [Q3] → 101.07% (-0.26%) [Q4]
2% less capital invested
Capital invested by funds: $17.2B [Q3] → $16.9B (-$358M) [Q4]
11% less repeat investments, than reductions
Existing positions increased: 269 | Existing positions reduced: 301
39% less call options, than puts
Call options by funds: $23.8M | Put options by funds: $39.1M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Morgan Stanley | 4%upside $515 | Equal-Weight Initiated | 14 Apr 2025 |
Loop Capital Chris Dankert 17% 1-year accuracy 3 / 18 met price target | 7%downside $460 | Hold Maintained | 27 Feb 2025 |
Baird David Manthey 33% 1-year accuracy 13 / 39 met price target | 13%upside $560 | Outperform Maintained | 19 Feb 2025 |
Financial journalist opinion
Based on 4 articles about WSO published over the past 30 days
