Thrivent Financial for Lutherans Decreases Holdings in Watsco, Inc. $WSO

Posted by Brian Himes on May 25th, 2026

Thrivent Financial for Lutherans decreased its position in shares of Watsco, Inc. (NYSE:WSO – Free Report) by 68.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,864 shares of the construction company’s stock after selling 16,777 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Watsco were worth $2,650,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. CWM LLC boosted its stake in shares of Watsco by 3.8% during the 4th quarter. CWM LLC now owns 710 shares of the construction company’s stock worth $239,000 after acquiring an additional 26 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Watsco by 2.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,559 shares of the construction company’s stock worth $525,000 after acquiring an additional 30 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Watsco by 4.7% during the 3rd quarter. Profund Advisors LLC now owns 805 shares of the construction company’s stock worth $325,000 after acquiring an additional 36 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Watsco by 4.2% during the 3rd quarter. Arkadios Wealth Advisors now owns 948 shares of the construction company’s stock worth $383,000 after acquiring an additional 38 shares in the last quarter. Finally, Modern Wealth Management LLC boosted its stake in shares of Watsco by 5.2% during the 2nd quarter. Modern Wealth Management LLC now owns 783 shares of the construction company’s stock worth $346,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on Watsco

Watsco Stock Performance

Shares of WSO opened at $374.58 on Monday. The stock has a fifty day moving average of $399.49 and a two-hundred day moving average of $381.24. The company has a market capitalization of $15.23 billion, a PE ratio of 31.09 and a beta of 1.12. Watsco, Inc. has a fifty-two week low of $323.05 and a fifty-two week high of $494.94.

Watsco (NYSE:WSO – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The construction company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.14. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 EPS. As a group, equities research analysts forecast that Watsco, Inc. will post 12.73 earnings per share for the current fiscal 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 $3.30 dividend. This is a boost from Watsco’s previous quarterly dividend of $3.00. The ex-dividend date was Thursday, April 16th. This represents a $13.20 annualized dividend and a yield of 3.5%. Watsco’s payout ratio is presently 109.54%.

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 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.