Watsco Rises as Investors Weigh Granite Deal and Near-Term Earnings

Watsco (WSO) is up 5.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be growing optimism around Watsco’s recently completed Granite Group acquisition, which adds a sizable plumbing and HVAC distribution business in the Northeast. The rally may also reflect positioning ahead of the company’s third-quarter earnings call next week, although there does not appear to be one single definitive catalyst tied to today’s move.

Details:

Watsco completed its acquisition of The Granite Group in mid-October, adding a distributor with roughly $500 million in revenue and expanding its footprint in the Northeast.

A recent SEC filing shows Watsco issued 338,176 common shares on October 9 in connection with the Granite transaction, confirming the deal has moved from announcement to completion.

Watsco has scheduled its third-quarter 2026 conference call for October 27, which can draw buying interest when investors expect commentary on integration, demand trends, or margins.

The company also recently declared a quarterly cash dividend of $3.30 per share payable on October 30, which may have supported sentiment even though the stock has already passed its October 16 ex-dividend date.

Sources:

Watsco Investor Relations, SEC, Nasdaq

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

EARLY ACCESS

Receive WSO Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$WSO Hedge Fund Activity

We have seen 325 institutional investors add shares of $WSO stock to their portfolio, and 372 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,459,768 shares (+inf%) to their portfolio in Q2 2026, for an estimated $608,329,118
CONFLUENCE INVESTMENT MANAGEMENT LLC added 320,431 shares (+inf%) to their portfolio in Q3 2026, for an estimated $96,991,259
GOLDMAN SACHS GROUP INC removed 226,801 shares (-40.5%) from their portfolio in Q2 2026, for an estimated $94,514,780
BAILLIE GIFFORD & CO added 212,044 shares (+23.1%) to their portfolio in Q2 2026, for an estimated $88,365,096
JPMORGAN CHASE & CO added 207,064 shares (+inf%) to their portfolio in Q2 2026, for an estimated $86,289,780
TWO SIGMA INVESTMENTS, LP removed 204,414 shares (-68.1%) from their portfolio in Q2 2026, for an estimated $85,185,446
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 194,844 shares (-14.7%) from their portfolio in Q2 2026, for an estimated $81,197,340

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$WSO Price Targets

Multiple analysts have issued price targets for $WSO recently. We have seen 2 analysts offer price targets for $WSO in the last 6 months, with a median target of $435.0.

Here are some recent targets:

Chris Dankert from DA Davidson set a target price of $385.0 on 06/16/2026
Tommy Moll from Stephens & Co. set a target price of $485.0 on 04/29/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.