WSO, US9426222009

Morgan Stanley cuts target for Watsco stock from USD 370 to USD 330

Published on 10/18/2026 at 13:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Watsco completed its Granite purchase on October 12, 2026. The USD 3.30 dividend for Watsco stock is payable October 30, 2026 to shareholders.

Acquisition and shareholder dates

Watsco completed the Granite acquisition on October 12, 2026, adding 82 locations.
Second-quarter revenue reached USD 2.10 billion against USD 2.14 billion consensus on July 29, 2026.
Shareholders are due a USD 3.30 dividend on October 30, 2026.

WSO, US9426222009, Illustration mit AI erstellt.

Watsco (ISIN US9426222009) saw Morgan Stanley cut its target from USD 370.00 to USD 330.00 in a research note dated October 12, 2026, according to MarketBeat. The target change coincided with Watsco's completed acquisition of The Granite Group.

Granite adds 82 locations

Watsco completed the Granite transaction on October 12, 2026, adding 82 locations and a distributor with USD 500 million in sales, the company said in its release. The acquisition expands Watsco's plumbing distribution footprint while Granite keeps its independent operating structure under Bill Condron.

The deal also brings about 11,000 customers and 29,000 stock-keeping units into the group, according to Watsco. For investors, the key issue is how quickly the new locations can add scale without weakening operating efficiency.

What does the deal add?

Watsco's second-quarter revenue reached USD 2.10 billion, below the USD 2.14 billion consensus estimate, while earnings per share came to USD 4.00 against USD 4.41 expected, MarketBeat reported on October 18, 2026. Revenue was still 2.1 percent higher than in the year-earlier quarter, making integration and organic growth the central operating test.

Three dated steps in 2026

On July 29, 2026, Watsco reported USD 2.10 billion in second-quarter revenue. On October 1, 2026, it declared a USD 3.30 quarterly dividend. On October 12, 2026, it completed the USD 500 million Granite acquisition, according to GlobeNewswire and the company release.

What dates come next?

Watsco scheduled its third-quarter results conference call for October 27, 2026, and set October 30, 2026, as the payment date for the USD 3.30 dividend, according to GlobeNewswire.

Stock context for investors

Watsco was last at USD 295.91 on the NYSE on October 16, 2026 at 4:00 p.m. ET. Its market capitalization was USD 12.2 billion, while the quoted 52-week range was USD 277.34 to USD 459.00 on that date.

The further course of trading is shown by the continuously updated real-time quote of Watsco stock.