5 Best Home Appliance Stocks to Invest In

3. Watsco, Inc. (NYSE:WSO)

Number of Hedge Fund Holders: 33

Watsco Inc (NYSE:WSO) specializes in selling a range of products including ducted and ductless residential air conditioners, replacement compressors, evaporator coils, furnaces, and related parts and supplies. Its consumer base spans the United States, Canada, Mexico, and Puerto Rico.

Recently, Watsco Inc (NYSE:WSO) declared a dividend of $2.7 per share, scheduled to be paid out on April 30, with the ex-dividend date set for April 12.

By the end of the fourth quarter of 2024, 33 hedge funds out of the 933 tracked by Insider Monkey held stakes in Watsco, Inc. (NYSE:WSO). The total value of their stakes was roughly $619.95 million.