In its most recent SEC filing, Bank of New York Mellon Corp trimmed its position in Watsco by 2.9%, selling 9,257 shares and ending the quarter with 306,090 shares. This reduction brought BNY Mellon’s ownership to approximately 0.75% of Watsco’s outstanding shares, representing a holding valued at $123.75 million at quarter-end. The move marks a notable shift in one of Watsco’s largest institutional investors and may signal portfolio rebalancing amid broader market dynamics.

Several other prominent funds also modified their Watsco holdings during the same period. Norges Bank initiated a new position valued at $84.83 million in Q2, while Corient Private Wealth LLC more than doubled its stake—adding 152,662 shares—to reach 296,170 shares worth $130.80 million. Vantage Investment Partners LLC expanded by 257.5%, acquiring 70,394 additional shares to total 97,730 shares valued at $39.51 million. Jane Street Group LLC and Schwartz Investment Counsel Inc. increased their stakes by 154.2% and 81.8% respectively, lifting their holdings to 89,115 shares ($39.36 million) and 120,000 shares ($52.99 million). Collectively, institutional investors now control 89.71% of Watsco’s outstanding stock.

Watsco reported third-quarter revenue of $2.07 billion and delivered earnings per share of $3.98, translating into a return on equity of 16.48% and a net margin of 7.04%. Analysts project full-year earnings per share to reach 14.62. On the shareholder return front, the company declared a quarterly dividend of $3.00, equating to a $12.00 annualized payout and a 3.1% yield based on current distributions. The dividend payout ratio stands at 93.75%, reflecting Watsco’s commitment to returning capital to investors while maintaining reinvestment capacity for growth.

Watsco will host a conference call on February 17, 2026 at 10:00 a.m. ET to discuss fourth-quarter and full-year results, with prepared remarks followed by a question-and-answer session led by senior management. The company operates in the $106 billion North American HVAC/R distribution market and has grown through over 70 acquisitions since 1989. Watsco highlights its technology platforms serving more than 72,000 contractors and is advancing AI-driven initiatives to leverage extensive data assets for improved customer experiences and operational efficiency. Investors can access the webcast via the company’s investor relations website, with a replay available post-call.