Watsco (NYSE:WSO) Upgraded to Hold at DA Davidson

Posted by on Jun 17th, 2026

DA Davidson upgraded shares of Watsco (NYSE:WSO – Free Report) to a hold rating in a research note issued to investors on Tuesday, Marketbeat.com reports. DA Davidson currently has $385.00 target price on the construction company’s stock.

A number of other research analysts have also issued reports on WSO. Zacks Research upgraded Watsco from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Mizuho set a $425.00 target price on Watsco in a report on Wednesday, February 18th. Stephens lifted their target price on Watsco from $475.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price target on Watsco from $370.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Finally, Wall Street Zen raised Watsco from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Watsco has an average rating of “Hold” and an average target price of $397.71.

Read Our Latest Stock Report on Watsco

Watsco Trading Up 1.2%

NYSE:WSO opened at $389.58 on Tuesday. The firm has a market cap of $15.84 billion, a PE ratio of 32.33 and a beta of 1.05. The stock has a fifty day moving average price of $401.69 and a 200 day moving average price of $384.89. Watsco has a 12-month low of $323.05 and a 12-month high of $494.94.

Watsco (NYSE:WSO – Get Free Report) last released its earnings results on Tuesday, April 28th. The construction company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.49 billion. Watsco had a return on equity of 15.31% and a net margin of 6.85%.Watsco’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $1.93 earnings per share. Equities analysts forecast that Watsco will post 12.64 EPS for the current year.

Watsco Increases Dividend

The firm also recently declared 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. This is a positive change from Watsco’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $13.20 dividend on an annualized basis and a yield of 3.4%. Watsco’s dividend payout ratio (DPR) is presently 109.54%.

Institutional Trading of Watsco

A number of institutional investors have recently bought and sold shares of the business. CWM LLC lifted its holdings in Watsco by 3.8% during the 4th quarter. CWM LLC now owns 710 shares of the construction company’s stock worth $239,000 after buying an additional 26 shares during the last quarter. Assetmark Inc. increased its position in shares of Watsco by 2.7% during the first quarter. Assetmark Inc. now owns 1,115 shares of the construction company’s stock worth $406,000 after purchasing an additional 29 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Watsco by 2.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,559 shares of the construction company’s stock worth $525,000 after purchasing an additional 30 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Watsco by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 7,814 shares of the construction company’s stock worth $2,633,000 after purchasing an additional 34 shares in the last quarter. Finally, Modern Wealth Management LLC increased its position in shares of Watsco by 5.2% during the second quarter. Modern Wealth Management LLC now owns 783 shares of the construction company’s stock worth $346,000 after purchasing an additional 39 shares in the last quarter. 89.71% of the stock is owned by hedge funds and other institutional investors.

Watsco Company Profile

(Get 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.

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Analyst Recommendations for Watsco (NYSE:WSO)

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