Birch Hill Investment Advisors 13F: New $2.5M Stake in WSO

Birch Hill Investment Advisors disclosed a new stake in Watsco, Inc. (WSO) in a filing on October 16, 2026. The firm acquired 8,120 shares valued at about $2,457,843. This marks Birch Hill's first position in this stock, showing their interest in the company.

What Changed in Birch Hill Investment Advisors' Watsco Position

Birch Hill Investment Advisors took a new position in Watsco by purchasing 8,120 shares. This action represents a completely new stake for the fund, reflecting its confidence in the company’s potential going forward.

Other Institutional Activity in Watsco

In the most recent quarter, Blackrock Inc. holds 4,192,919 shares of Watsco, valued at about $1.24 billion after increasing its stake by 102,665 shares, a 2.5% increase. Capital International Investors owns 3,485,525 shares worth approximately $1.03 billion, having added 8,345 shares, a 0.2% increase. Capital Research Global Investors has 1,902,230 shares valued at $562.9 million, increasing its position by 3,607 shares, also up 0.2%. Vanguard Portfolio Management LLC holds 1,770,531 shares valued at around $523.9 million after increasing its stake by 19,437 shares, a 1.1% increase. Meanwhile, FMR, LLC reduced its holdings by 185,064 shares, now holding 1,705,273 shares worth about $504.6 million, a decrease of 9.8%.

Watsco, Inc. Stock Down 0.1%

Watsco recently traded around $295.85, which is below both its 50-day moving average of approximately $308.52 and its 200-day average of about $369.13. The stock is down about 35.5% from its 52-week high of $459. It is, however, above its 52-week low of $277.34 by about 6.7%.

Recent Earnings

Watsco reported trailing twelve-month revenue of about $7.28 billion and earnings per share of $11.67. Its revenue growth year-over-year stood at 2.1% with a net margin of 6.5%. The company is set to report its next earnings on October 27, 2026.

Dividend

Watsco offers an annual dividend of $13.20 per share, resulting in a yield of about 4.41%. The company's dividend payout ratio is notably high at 105.4%, which indicates that it pays out more in dividends than it earns in net income.

Insider Buying and Selling at Watsco, Inc.

In recent insider activity, Barry S. Logan, an Officer and Director, sold 10,998 shares at an average price of $508.21 on December 18, 2024, totaling about $5.59 million. Director Cesar Licinio Alvarez sold 2,100 shares on March 5, 2025, with a total value of approximately $1.05 million. John Michael Custer, another Director, sold 2,200 shares at an average price of $448.27 on June 10, 2025, worth about $986,194.

Analysts Set New Price Targets

On October 12, 2026, Morgan Stanley maintained its Equal-Weight rating for Watsco with a target price of $330. Additionally, Mizuho also maintained its Neutral rating, setting a price target of $325 on October 15. The consensus recommendation for Watsco among analysts is a Hold, with a mean price target of $367.4 from 10 analysts.

About Watsco, Inc.

Watsco, Inc. is a leading distributor of air conditioning, heating, and refrigeration equipment in North America, Latin America, and the Caribbean. The company supports residential and commercial sectors with a range of products. Birch Hill's recent stake shows confidence in Watsco's market position in the industrial distribution sector.

Bottom Line

This filing reflects Birch Hill Investment Advisors' new position in Watsco as of October 16, 2026, and may not represent their current holdings. Investors should watch for Watsco's upcoming earnings report on October 27, 2026, for further insights into the company's performance.