5 Best Home Appliances Stocks to Buy

 3. Watsco, Inc. (NYSE:WSO-B)

Number of Hedge Fund Holders: 25

Watsco, Inc. (NYSE:WSO-B) sells products such as ducted and ductless residential air conditioners, replacement compressors, evaporator coils, and furnaces. The company is headquartered in Miami, Florida, the United States.

Watsco, Inc. (NYSE:WSO-B) is on a record breaking spree, with the firm’s third quarter earnings revealing it had grown its revenue to $2 billion by 14% and operating income to $236 million for another 14% growth. At the same time, its revenue for the first nine months of the year stood at $5.7 billion, as it marked yet another record through a 19% growth. Finally, to top things off, the operating income for the nine months stood at $694 – another all time high reading that came through a massive 37% growth.

Watsco, Inc. (NYSE:WSO-B) pays a $2.2 dividend for a 3.63% yield. Insider Monkey’s second quarter of 2022 survey outlined that 25 out 895 hedge funds had owned a stake in the company.

Watsco, Inc. (NYSE:WSO-B)’s largest investor is Tom Gayner’s Markel Gayner Asset Management which owns 443,750 shares that are worth $105 million.