15,108 Watsco, Inc. $WSO Shares Purchased by Fenimore Asset Management Inc

Posted by George Bondi on Oct 8th, 2026

Fenimore Asset Management Inc boosted its holdings in shares of Watsco, Inc. (NYSE:WSO – Free Report) by 18.8% during the third quarter, Holdings Channel reports. The institutional investor owned 95,325 shares of the construction company’s stock after acquiring an additional 15,108 shares during the quarter. Fenimore Asset Management Inc’s holdings in Watsco were worth $28,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Markel Group Inc. raised its stake in shares of Watsco by 0.8% in the 1st quarter. Markel Group Inc. now owns 582,169 shares of the construction company’s stock valued at $211,787,000 after buying an additional 4,500 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Watsco by 1.5% during the 4th quarter. Captrust Financial Advisors now owns 396,514 shares of the construction company’s stock worth $133,605,000 after acquiring an additional 6,034 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of Watsco during the 3rd quarter valued at about $96,991,000. Bank of America Corp DE bought a new stake in Watsco in the second quarter valued at about $119,291,000. Finally, Bank of New York Mellon Corp bought a new stake in Watsco in the second quarter valued at about $97,937,000. Institutional investors own 89.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WSO. DA Davidson cut their price target on shares of Watsco from $385.00 to $330.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Zacks Research lowered Watsco from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 22nd. Robert W. Baird set a $400.00 target price on Watsco in a report on Thursday, July 30th. Morgan Stanley raised their target price on Watsco from $370.00 to $405.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Finally, Stephens reaffirmed an “overweight” rating and issued a $485.00 price target on shares of Watsco in a research note on Monday, August 17th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $395.50.

View Our Latest Analysis on WSO

Watsco Price Performance

Shares of WSO traded down $0.83 during trading hours on Thursday, hitting $281.82. The stock had a trading volume of 644,378 shares, compared to its average volume of 453,398. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 24.44 and a beta of 1.06. The company’s fifty day moving average is $312.24 and its two-hundred day moving average is $364.01. Watsco, Inc. has a 52 week low of $279.04 and a 52 week high of $459.00.

Watsco (NYSE:WSO – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $4.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.41 by ($0.41). The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.14 billion. Watsco had a net margin of 6.53% and a return on equity of 14.40%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.52 earnings per share. Equities analysts predict that Watsco, Inc. will post 12.21 EPS for the current fiscal year.

Watsco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a $3.30 dividend. The ex-dividend date is Friday, October 16th. This represents a $13.20 dividend on an annualized basis and a dividend yield of 4.7%. Watsco’s payout ratio is 114.48%.

Watsco Profile

(Free Report)

Watsco, Inc (NYSE: WSO) is a distributor of heating, air conditioning and refrigeration equipment and related products. The company supplies residential and commercial contractors with air conditioners, heat pumps, furnaces, refrigeration systems, indoor air-quality products, controls, replacement parts and other installation supplies.

Watsco serves the replacement and new-construction markets through a network of distribution centers, branches, showrooms and e-commerce platforms. Its customers primarily include HVAC and refrigeration contractors, dealers and other industry professionals, while its products are sourced from major manufacturers and distributed under leading industry brands.

Founded in 1956, Watsco has expanded through organic growth and acquisitions to become one of the largest HVAC and refrigeration distributors in North America.