Watsco Inc stock declines amid market weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Watsco Inc's stock fell by 7.54% as it crossed below its 5-day SMA, reflecting a challenging trading environment.
The decline in Watsco's stock price comes amid broader market weakness, with the Nasdaq-100 down 0.34% and the S&P 500 down 0.06%. This sector rotation indicates that investors are reallocating their portfolios away from stocks like Watsco, which may be perceived as less favorable in the current market climate.
As Watsco navigates this downturn, it will be crucial for the company to address investor concerns and potentially adjust its strategies to regain market confidence.
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Analyst Views on WSO
Wall Street analysts forecast WSO stock price to fall
9 Analyst Rating
1 Buy
7 Hold
1 Sell
Hold
Current: 399.060
Low
349.00
Averages
394.14
High
460.00
Current: 399.060
Low
349.00
Averages
394.14
High
460.00
About WSO
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment and related parts and supplies. It sells air conditioning and heating equipment to the replacement and new construction markets for both residential and commercial applications. It also sells a variety of non-equipment products including parts, supplies, ductwork, air movement products, insulation, tools, installation supplies, thermostats, and air quality products. It provides condensing units, compressors, evaporators, valves, refrigerants, walk-in coolers, and ice machines for industrial and commercial applications. Its business units include Carrier Enterprise, Baker Distributing Company, Gemaire Distributors, East Coast Metal Distributors, Heating and Cooling Supply, Homans Associates, Pierce Phelps, N&S Supply, Acme Refrigeration, Alert Labs Inc., Tradewinds, Boreal International, Watsco Ventures, and Gateway Supply Co.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Three Reliable Dividend Stocks to Consider
- Watsco's Stable Dividends: Watsco (WSO) raised its annual dividend by 10% to $13.20 per share in February 2026, marking 52 consecutive years of dividend payments, which reflects its strong cash flow and confidence in future business prospects; while the current yield is around 3.3%, the consistent growth potential makes it an ideal long-term investment.
- EPR Properties Monthly Dividends: EPR Properties (EPR) increased its monthly dividend by 5.1% to $0.31 per share effective April 2026, resulting in an annualized rate of $3.72 per share with a yield exceeding 6%, supported by approximately 6% year-over-year growth in adjusted funds from operations, indicating a healthy recovery post-COVID-19.
- Palmer Square Capital's Supplemental Dividends: Palmer Square Capital BDC (PSBD) declared a base dividend of $0.36 per share for Q2 2026 and added a $0.03 supplemental dividend, marking the second consecutive quarter of exceeding its base rate, suggesting strong portfolio performance despite the non-guaranteed nature of supplemental dividends.
- Diverse Investment Opportunities: These three companies represent an industrial distributor, an experiential REIT, and a middle-market lender; despite their different business models, they have all successfully achieved dividend growth, making them suitable for investors seeking stable cash flow for long-term investment.
See More
Analysis of Three Stable Dividend Stocks
- Watsco Dividend Growth: In February 2026, Watsco raised its annual dividend by 10% to $13.20 per share, marking 52 consecutive years of dividend payments, which underscores its ability to maintain strong cash flow amidst economic fluctuations, thereby enhancing investor confidence in its long-term stability.
- EPR Properties Performance Improvement: EPR Properties increased its monthly dividend by 5.1% to $0.31 per share in April 2026, resulting in an annualized rate of $3.72 per share, reflecting its successful operational improvements post-COVID-19 and supporting a yield exceeding 6%, appealing to investors seeking stable cash flow.
- Palmer Square Capital Supplemental Dividends: Palmer Square Capital declared a base dividend of $0.36 per share for Q2 2026, along with a $0.03 supplemental dividend, indicating strong portfolio performance and attracting income-focused investors interested in upside potential.
- Diverse Investment Opportunities: These three companies represent industrial distribution, experiential REITs, and middle-market lending, and despite their different business models, they have all successfully achieved dividend growth, demonstrating their ability to provide consistent shareholder returns across varying economic conditions.
See More
Multiple Companies Announce Quarterly Dividends
- Camden National Dividend: Camden National announced a quarterly dividend of $0.42 per share, resulting in an annualized yield of 3.11% based on the June 29, 2026 closing price of $53.96, demonstrating the company's commitment to shareholder returns.
- FutureFuel Dividend: FutureFuel declared a third-quarter cash dividend of $0.01 per share, payable on September 18, 2026, reflecting the company's stable cash flow in the custom chemicals and biofuels sector.
- RPM International Dividend: RPM International announced a cash dividend of $0.54 per share, marking its 52nd consecutive year of increased dividends, with approximately $3.9 billion returned to shareholders, showcasing its resilience and attractiveness in the industry.
- General Mills Dividend: General Mills declared a quarterly dividend of $0.61 per share, having paid uninterrupted dividends for 127 years, highlighting the company's strong financial stability and long-term commitment to shareholders.
See More
Watsco, Inc. Declares $3.30 Quarterly Dividend
- Quarterly Dividend Announcement: Watsco, Inc. has declared a quarterly dividend of $3.30 per share, payable on July 31, which underscores the company's stable cash flow and profitability, thereby boosting investor confidence.
- Dividend Yield: The forward yield of this dividend stands at 3.23%, attracting income-focused investors and reflecting the company's financial health in the current market environment.
- Record Date for Shareholders: The record date for the dividend is set for July 16, with the ex-dividend date also on July 16, providing investors with a clear timeline for their investment decisions.
- Future Sales Expectations: Watsco anticipates that OnCall Air sales will exceed $2 billion in 2026, indicating strong growth potential in the HVAC sector, while planning to close a $230 million deal with Jackson Supply in Q2, further enhancing its market position.
See More
Watsco Declares $3.30 Quarterly Dividend, Consistent with Previous Payouts
- Dividend Declaration: Watsco has declared a quarterly dividend of $3.30 per share, consistent with previous payouts, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 3.17% reflects the company's appeal in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Payment Schedule: The dividend is payable on July 31, with a record date of July 16 and an ex-dividend date also on July 16, providing investors with a clear expectation for cash flow.
- Future Sales Outlook: Watsco expects OnCall Air sales to exceed $2 billion in 2026 and plans to close a $230 million deal with Jackson Supply in Q2, which will further enhance the company's growth potential and market share.
See More
Watsco Completes Acquisition of Jackson Supply Company
- Acquisition Completed: Watsco, Inc. announced the completion of its acquisition of Jackson Supply Company, which has over 50 years in the HVAC distribution industry and achieved $230 million in sales in 2025, marking a significant expansion for Watsco in the rapidly growing U.S. market.
- Market Expansion: This acquisition adds 25 distribution points across seven states, including Texas and Louisiana, serving approximately 5,000 contractor customers, significantly enhancing Watsco's competitive position in the North American HVAC/R market.
- Brand and Culture Retention: Jackson Supply will retain its name, brand identity, and existing leadership team, ensuring that the core culture driving its success remains intact, which aligns with Watsco's long-standing investment strategy aimed at fostering long-term growth.
- Commitment to Future Growth: Watsco's CEO Albert H. Nahmad stated that the company will continue to seek partnerships with high-quality independent distributors to further expand its share of the $74 billion North American HVAC/R market, demonstrating a strong intent for market expansion.
See More
Three Reliable Dividend Stocks to Consider
- Watsco's Stable Dividends: Watsco (WSO) raised its annual dividend by 10% to $13.20 per share in February 2026, marking 52 consecutive years of dividend payments, which reflects its strong cash flow and confidence in future business prospects; while the current yield is around 3.3%, the consistent growth potential makes it an ideal long-term investment.
- EPR Properties Monthly Dividends: EPR Properties (EPR) increased its monthly dividend by 5.1% to $0.31 per share effective April 2026, resulting in an annualized rate of $3.72 per share with a yield exceeding 6%, supported by approximately 6% year-over-year growth in adjusted funds from operations, indicating a healthy recovery post-COVID-19.
- Palmer Square Capital's Supplemental Dividends: Palmer Square Capital BDC (PSBD) declared a base dividend of $0.36 per share for Q2 2026 and added a $0.03 supplemental dividend, marking the second consecutive quarter of exceeding its base rate, suggesting strong portfolio performance despite the non-guaranteed nature of supplemental dividends.
- Diverse Investment Opportunities: These three companies represent an industrial distributor, an experiential REIT, and a middle-market lender; despite their different business models, they have all successfully achieved dividend growth, making them suitable for investors seeking stable cash flow for long-term investment.
See More
Analysis of Three Stable Dividend Stocks
- Watsco Dividend Growth: In February 2026, Watsco raised its annual dividend by 10% to $13.20 per share, marking 52 consecutive years of dividend payments, which underscores its ability to maintain strong cash flow amidst economic fluctuations, thereby enhancing investor confidence in its long-term stability.
- EPR Properties Performance Improvement: EPR Properties increased its monthly dividend by 5.1% to $0.31 per share in April 2026, resulting in an annualized rate of $3.72 per share, reflecting its successful operational improvements post-COVID-19 and supporting a yield exceeding 6%, appealing to investors seeking stable cash flow.
- Palmer Square Capital Supplemental Dividends: Palmer Square Capital declared a base dividend of $0.36 per share for Q2 2026, along with a $0.03 supplemental dividend, indicating strong portfolio performance and attracting income-focused investors interested in upside potential.
- Diverse Investment Opportunities: These three companies represent industrial distribution, experiential REITs, and middle-market lending, and despite their different business models, they have all successfully achieved dividend growth, demonstrating their ability to provide consistent shareholder returns across varying economic conditions.
See More
Multiple Companies Announce Quarterly Dividends
- Camden National Dividend: Camden National announced a quarterly dividend of $0.42 per share, resulting in an annualized yield of 3.11% based on the June 29, 2026 closing price of $53.96, demonstrating the company's commitment to shareholder returns.
- FutureFuel Dividend: FutureFuel declared a third-quarter cash dividend of $0.01 per share, payable on September 18, 2026, reflecting the company's stable cash flow in the custom chemicals and biofuels sector.
- RPM International Dividend: RPM International announced a cash dividend of $0.54 per share, marking its 52nd consecutive year of increased dividends, with approximately $3.9 billion returned to shareholders, showcasing its resilience and attractiveness in the industry.
- General Mills Dividend: General Mills declared a quarterly dividend of $0.61 per share, having paid uninterrupted dividends for 127 years, highlighting the company's strong financial stability and long-term commitment to shareholders.
See More
Watsco, Inc. Declares $3.30 Quarterly Dividend
- Quarterly Dividend Announcement: Watsco, Inc. has declared a quarterly dividend of $3.30 per share, payable on July 31, which underscores the company's stable cash flow and profitability, thereby boosting investor confidence.
- Dividend Yield: The forward yield of this dividend stands at 3.23%, attracting income-focused investors and reflecting the company's financial health in the current market environment.
- Record Date for Shareholders: The record date for the dividend is set for July 16, with the ex-dividend date also on July 16, providing investors with a clear timeline for their investment decisions.
- Future Sales Expectations: Watsco anticipates that OnCall Air sales will exceed $2 billion in 2026, indicating strong growth potential in the HVAC sector, while planning to close a $230 million deal with Jackson Supply in Q2, further enhancing its market position.
See More
Watsco Declares $3.30 Quarterly Dividend, Consistent with Previous Payouts
- Dividend Declaration: Watsco has declared a quarterly dividend of $3.30 per share, consistent with previous payouts, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 3.17% reflects the company's appeal in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Payment Schedule: The dividend is payable on July 31, with a record date of July 16 and an ex-dividend date also on July 16, providing investors with a clear expectation for cash flow.
- Future Sales Outlook: Watsco expects OnCall Air sales to exceed $2 billion in 2026 and plans to close a $230 million deal with Jackson Supply in Q2, which will further enhance the company's growth potential and market share.
See More
Watsco Completes Acquisition of Jackson Supply Company
- Acquisition Completed: Watsco, Inc. announced the completion of its acquisition of Jackson Supply Company, which has over 50 years in the HVAC distribution industry and achieved $230 million in sales in 2025, marking a significant expansion for Watsco in the rapidly growing U.S. market.
- Market Expansion: This acquisition adds 25 distribution points across seven states, including Texas and Louisiana, serving approximately 5,000 contractor customers, significantly enhancing Watsco's competitive position in the North American HVAC/R market.
- Brand and Culture Retention: Jackson Supply will retain its name, brand identity, and existing leadership team, ensuring that the core culture driving its success remains intact, which aligns with Watsco's long-standing investment strategy aimed at fostering long-term growth.
- Commitment to Future Growth: Watsco's CEO Albert H. Nahmad stated that the company will continue to seek partnerships with high-quality independent distributors to further expand its share of the $74 billion North American HVAC/R market, demonstrating a strong intent for market expansion.
See More
