Ironvine Capital Partners LLC Boosts Stock Position in Watsco, Inc. $WSO

Posted by Brian Himes on Sep 2nd, 2026

Ironvine Capital Partners LLC boosted its position in shares of Watsco, Inc. (NYSE:WSO – Free Report) by 17.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,295 shares of the construction company’s stock after acquiring an additional 3,348 shares during the quarter. Ironvine Capital Partners LLC’s holdings in Watsco were worth $9,291,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bayban purchased a new stake in Watsco during the fourth quarter worth about $29,000. Bamco Inc. NY acquired a new position in shares of Watsco in the fourth quarter valued at approximately $35,000. Quarry LP acquired a new position in shares of Watsco in the fourth quarter valued at approximately $37,000. Western Wealth Management LLC purchased a new stake in Watsco during the 1st quarter worth approximately $41,000. Finally, Resources Management Corp CT ADV increased its stake in Watsco by 150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 125 shares of the construction company’s stock worth $42,000 after buying an additional 75 shares during the period. 89.71% of the stock is owned by institutional investors and hedge funds.

Watsco Stock Up 1.4%

Shares of NYSE:WSO opened at $314.16 on Wednesday. The company has a market cap of $12.96 billion, a P/E ratio of 27.25 and a beta of 1.05. Watsco, Inc. has a 52 week low of $295.75 and a 52 week high of $459.00. The company has a 50-day moving average price of $351.84 and a 200 day moving average price of $380.67.

Watsco (NYSE:WSO – Get Free Report) last released its 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 business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.14 billion. Watsco had a return on equity of 14.40% and a net margin of 6.53%.The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.52 EPS. Analysts expect that Watsco, Inc. will post 12.21 EPS for the current year.

Watsco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 16th were paid a dividend of $3.30 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $13.20 dividend on an annualized basis and a dividend yield of 4.2%. Watsco’s dividend payout ratio is 114.48%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WSO. Weiss Ratings reiterated a “hold (c)” rating on shares of Watsco in a report on Friday, June 26th. Robert W. Baird set a $400.00 target price on shares of Watsco in a research report on Thursday, July 30th. Stephens restated an “overweight” rating and set a $485.00 price target on shares of Watsco in a research note on Monday, August 17th. DA Davidson reduced their price objective on Watsco from $385.00 to $330.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Finally, Morgan Stanley increased their price objective on Watsco from $370.00 to $405.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $395.50.

View Our Latest Stock Analysis on Watsco

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.