Thu Sep 26 14:12:54 UTC 2024: ## Watsco Stock Sees Mixed Activity from Institutional Investors

**New York, NY (MarketBeat News)** – Watsco, Inc. (NYSE: WSO), a leading distributor of HVAC equipment, experienced a mixed bag of activity from institutional investors in the recent quarter. While Pacer Advisors Inc. decreased their stake in the company by 11.0%, several other major players increased their holdings.

Vanguard Group Inc. boosted their stake by 4.5%, now owning over 3.4 million shares worth $1.47 billion. Blair William & Co. IL also increased their holdings by 1.2%, bringing their ownership to 801,152 shares valued at $371.13 million. Markel Group Inc. and Bank of New York Mellon Corp also saw small increases in their Watsco stock, while Baird Financial Group Inc. increased their stake by 4.8% in the fourth quarter.

Overall, institutional investors own 89.71% of Watsco’s stock.

Watsco’s stock opened at $498.46 on Thursday, with a market capitalization of $20.11 billion. The company recently paid a quarterly dividend of $2.70, representing an annualized yield of 2.17%.

Analysts from JPMorgan Chase & Co. and Robert W. Baird have recently issued positive reports on Watsco, with Baird raising their target price from $460.00 to $522.00 and giving the stock an “outperform” rating. Overall, Watsco currently has an average rating of “Moderate Buy” and a consensus target price of $469.80.

Watsco, Inc. distributes a wide range of HVAC equipment and supplies in the United States and internationally, including residential and commercial air conditioning and heating systems. The company’s strong financial performance and continued growth in the HVAC market make it an attractive investment for institutional investors.

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