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

Investivoq PriceTracker

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.

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    $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 Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq 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 Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.