WATSCO INC
At today's price, WATSCO INC (WSO) is priced for +19.8% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
At $400.99 the price works out to roughly 21x company-wide operating income, which inverts into about 21.5% operating growth a year for five years. That sits within range of plausible rather than stretched, partly because the most recent quarter showed markets stabilizing. Watsco is the scaled consolidator of a fragmented HVAC/R distribution market, carrying net cash of about $106 million, a return on equity near 18%, and a 9.9% operating margin. It just raised its annual dividend 10% to $13.20
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749 institutional managers reported holding WSO in 13F filings for the quarter ended 2026-03-31. 89 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 3.0M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (9.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
WSO's share count grew 7.7% over the past five years. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $11.70 a share annually. Cash returned over the past three years: $1.21B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at WSO over the trailing three years. Absence is a fact about the company, not a signal. 9 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
WSO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -5.0% | +7.9% |
| 2023-11-04 | -5.6% | +10.2% |
| 2024-02-24 | +1.5% | +15.1% |
| 2024-05-04 | +7.3% | +3.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
WSO's latest 8-K filings: 2026-06-04 (items 9.01); 2026-06-03 (items 5.07); 2026-04-29 (items 3.02); 2026-04-28 (items 2.02, 7.01, 9.01); 2026-02-17 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.