Mizuho Maintains Watsco (WSO.B) Neutral Recommendation

Mizuho maintained a Neutral recommendation for Watsco (NYSE:WSO.B), setting an average one-year price target of $494.45/share. The company is projected to achieve annual revenue of $7,659 million, representing a 2.02% increase, and non-GAAP EPS of $12.78. Institutional sentiment appears positive, with the number of funds reporting positions increasing by 11.76% to 19, total institutional shares owned rising by 4.95% to 35,000, and the average portfolio weight dedicated to WSO.B increasing by 26.57% in the last quarter.

Analysis

Mizuho maintained a Neutral recommendation for Watsco (WSO.B) on October 17, 2025, with an average one-year price target of $494.45 per share. This target, based on forecasts ranging from $352.17 to $590.14, suggests a consensus valuation for the company.

Watsco's projected annual revenue is $7,659 million, indicating a modest 2.02% year-over-year increase. The company's projected non-GAAP EPS stands at $12.78, reflecting a stable but not aggressively growing fundamental outlook.

Institutional investor sentiment shows a mildly positive trend, with the number of funds reporting positions increasing by 11.76% to 19 in the last quarter. Total institutional shares owned rose by 4.95% to 35,000, and the average portfolio weight dedicated to WSO.B increased by 26.57%, signaling growing interest.

Key Decisions for Investors

• Investors should consider the Neutral analyst rating and modest 2.02% projected revenue growth when assessing WSO.B's future performance.
• Monitor the continued increase in institutional ownership and average portfolio weight as a potential signal of strengthening investor confidence.
• Evaluate the $494.45 average price target in conjunction with personal valuation metrics to determine appropriate position adjustments.