Northbridge Financial Group LLC Purchases Shares of 2,033 Watsco, Inc. $WSO

Posted by on May 20th, 2026

Northbridge Financial Group LLC purchased a new stake in Watsco, Inc. (NYSE:WSO – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 2,033 shares of the construction company’s stock, valued at approximately $685,000.

Several other institutional investors also recently bought and sold shares of WSO. Empowered Funds LLC raised its holdings in Watsco by 4.1% in the 1st quarter. Empowered Funds LLC now owns 5,927 shares of the construction company’s stock valued at $3,013,000 after acquiring an additional 232 shares during the last quarter. Bank of Nova Scotia raised its holdings in Watsco by 95.0% in the 2nd quarter. Bank of Nova Scotia now owns 1,297 shares of the construction company’s stock valued at $573,000 after acquiring an additional 632 shares during the last quarter. Sei Investments Co. raised its holdings in Watsco by 7.6% in the 2nd quarter. Sei Investments Co. now owns 50,442 shares of the construction company’s stock valued at $22,275,000 after acquiring an additional 3,570 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in Watsco by 2.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 16,258 shares of the construction company’s stock valued at $7,180,000 after acquiring an additional 437 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in Watsco by 12.0% in the 2nd quarter. Diversify Advisory Services LLC now owns 523 shares of the construction company’s stock valued at $221,000 after acquiring an additional 56 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Watsco Trading Down 1.4%

Shares of NYSE WSO opened at $386.15 on Wednesday. Watsco, Inc. has a 12-month low of $323.05 and a 12-month high of $494.94. The company has a market cap of $15.70 billion, a P/E ratio of 32.05 and a beta of 1.12. The stock has a fifty day moving average price of $399.64 and a 200 day moving average price of $380.87.

Watsco (NYSE:WSO – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Watsco had a net margin of 6.85% and a return on equity of 15.31%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $1.93 EPS. On average, sell-side analysts forecast that Watsco, Inc. will post 12.7 EPS 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 given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, April 16th. This is an increase from Watsco’s previous quarterly dividend of $3.00. Watsco’s dividend payout ratio is currently 109.54%.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on Watsco

About Watsco

(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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Institutional Ownership by Quarter for Watsco (NYSE:WSO)

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