LaFleur & Godfrey LLC Purchases 1,951 Shares of Watsco, Inc. $WSO

LaFleur & Godfrey LLC lifted its position in Watsco, Inc. (NYSE:WSO) by 5.3% in the 3rd quarter, Holdings Channel reports. The fund owned 38,504 shares of the construction company’s stock after buying an additional 1,951 shares during the period. Watsco makes up approximately 1.4% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 26th biggest holding. LaFleur & Godfrey LLC’s holdings in Watsco were worth $11,655,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Watsco by 12.2% in the 1st quarter. Bank of America Corp DE now owns 239,606 shares of the construction company’s stock worth $87,166,000 after acquiring an additional 26,003 shares in the last quarter. Van ECK Associates Corp grew its stake in Watsco by 76.5% during the 2nd quarter. Van ECK Associates Corp now owns 11,875 shares of the construction company’s stock valued at $4,949,000 after acquiring an additional 5,147 shares in the last quarter. Amundi grew its stake in Watsco by 5.4% during the 2nd quarter. Amundi now owns 50,125 shares of the construction company’s stock valued at $20,889,000 after acquiring an additional 2,558 shares in the last quarter. Nykredit A S acquired a new position in shares of Watsco in the 2nd quarter valued at about $5,731,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Watsco in the 2nd quarter valued at about $4,459,000. Institutional investors and hedge funds own 89.71% of the company’s stock.

Watsco Price Performance

Shares of WSO stock opened at $290.36 on Thursday. Watsco, Inc. has a fifty-two week low of $277.34 and a fifty-two week high of $459.00. The stock’s 50-day moving average is $306.35 and its two-hundred day moving average is $366.43. The firm has a market cap of $11.98 billion, a P/E ratio of 25.18 and a beta of 1.06.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Tuesday, October 27th. The construction company reported $3.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.10 by ($0.33). The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. Watsco had a net margin of 6.53% and a return on equity of 14.40%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.98 earnings per share. As a group, research analysts expect that Watsco, Inc. will post 12.19 EPS for the current year.

Watsco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $3.30 dividend. The ex-dividend date is Friday, October 16th. This represents a $13.20 dividend on an annualized basis and a yield of 4.5%. Watsco’s dividend payout ratio is currently 114.48%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird set a $400.00 price target on shares of Watsco in a research report on Thursday, July 30th. Zacks Research raised shares of Watsco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 21st. Mizuho dropped their price objective on shares of Watsco from $350.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Morgan Stanley decreased their target price on shares of Watsco from $370.00 to $330.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Finally, DA Davidson lowered their price target on shares of Watsco from $385.00 to $330.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $373.62.

More Watsco News

Here are the key news stories impacting Watsco this week:

• Positive Sentiment: Watsco reported record third-quarter revenue of $2.22 billion, up 7.4% year over year and slightly above expectations. Management cited improving demand, its technology platform and entrepreneurial sales culture as ongoing growth drivers. Watsco Reports Record Third Quarter Sales, Strong Cash Flow and Improving Demand
• Positive Sentiment: Recent acquisitions of Jackson Supply Company and The Granite Group added 107 locations and approximately $730 million in annualized revenue, supporting Watsco’s expansion strategy. Watsco Posts Record Q3 Revenue, Expands Through Acquisitions
• Positive Sentiment: Operating cash flow reached $325 million in the quarter, while nine-month cash flow rose 79% to $303.7 million. Watsco also replaced its prior $600 million revolving facility with a new syndicated credit facility, expanding financial flexibility for acquisitions and operations. Watsco Expands Liquidity with New Syndicated Credit Facility
• Neutral Sentiment: Watsco’s HVAC distribution business benefits from relatively resilient replacement demand, which may provide longer-term support even when broader consumer activity weakens. Watsco and Ferguson Shareholders
• Negative Sentiment: Third-quarter diluted EPS was $3.77, below analyst estimates of roughly $4.10–$4.13 and down from $3.98 a year earlier. The earnings shortfall is the primary reason for the negative market reaction. Watsco Q3 Earnings Miss Estimates
• Negative Sentiment: Profitability weakened: net income declined to $182.8 million, operating income fell 4% to $225.2 million, and gross margin was 26.4%. The results suggest cost or mix pressures offset the benefit of higher revenue. Watsco Stock Slides After Q3 2026 Earnings Misses Estimates

Watsco Profile

Watsco, Inc (NYSE: WSO) is a distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment and related products. The company supplies residential and light commercial air-conditioning and heating systems, refrigeration equipment, replacement parts, and other supplies used by contractors and service professionals.

Watsco distributes products from leading HVAC/R manufacturers, including equipment and components such as air conditioners, heat pumps, furnaces, air handlers, thermostats, controls, motors and indoor air-quality products.