Nicola Wealth Management LTD. Lowers Stock Holdings in Watsco, Inc. $WSO

Posted by Brian Himes on May 25th, 2026

Nicola Wealth Management LTD. trimmed its position in shares of Watsco, Inc. (NYSE:WSO – Free Report) by 52.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,000 shares of the construction company’s stock after selling 9,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Watsco were worth $2,696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WSO. CWM LLC boosted its stake in shares of Watsco by 3.8% in the 4th quarter. CWM LLC now owns 710 shares of the construction company’s stock valued at $239,000 after buying an additional 26 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Watsco by 2.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,559 shares of the construction company’s stock valued at $525,000 after buying an additional 30 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Watsco by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 7,814 shares of the construction company’s stock valued at $2,633,000 after buying an additional 34 shares during the period. Profund Advisors LLC boosted its stake in shares of Watsco by 4.7% in the 3rd quarter. Profund Advisors LLC now owns 805 shares of the construction company’s stock valued at $325,000 after buying an additional 36 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in shares of Watsco by 4.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 948 shares of the construction company’s stock valued at $383,000 after buying an additional 38 shares during the period. 89.71% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Watsco

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 Stock Performance

Shares of NYSE WSO opened at $374.58 on Monday. Watsco, Inc. has a fifty-two week low of $323.05 and a fifty-two week high of $494.94. The firm has a market capitalization of $15.23 billion, a PE ratio of 31.09 and a beta of 1.12. The stock’s 50-day simple moving average is $399.49 and its 200-day simple moving average is $381.24.

Watsco (NYSE:WSO – Get Free Report) last issued its 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 business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company earned $1.93 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts forecast that Watsco, Inc. will post 12.73 earnings per share for the current fiscal year.

Watsco Increases Dividend

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

Analyst Ratings Changes

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

View Our Latest Research Report on WSO

Watsco Company Profile

(Free Report)

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.