Watsco, Inc. (WSO)

About Watsco, Inc.

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment, and related parts and supplies in the United States, Canada, Latin America, and the Caribbean. It distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. The company also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. It serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. Watsco, Inc. was incorporated in 1956 and is headquartered in Miami, Florida.

WSO passes 1 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Smart money ownership

14 of the funds we track reported a position in their latest SEC 13F filing. Largest first:

• Capital Research Global, Capital Research Global Investors$690.68M · 0.1% of book
• Thomas Gayner, MARKEL GROUP INC.$423.57M · 1.9% of book
• Baillie Gifford, BAILLIE GIFFORD & CO$413.72M · 0.4% of book
• Two Sigma, TWO SIGMA INVESTMENTS, LP$109.17M · 0.1% of book
• Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$78.72M · 0.1% of book

A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.

Common questions