WSO, US9426222009

Watsco completes Granite deal as Morgan Stanley cuts target for Watsco stock

Published on 10/15/2026 at 12:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Watsco completed its USD 505.0 million Granite deal on October 12, 2026. Watsco stock stood at EUR 263.90 at Lang & Schwarz on October 15, 2026.

Granite deal expands Watsco reach

Watsco completed the USD 505.0 million Granite acquisition on October 12, 2026.
The transaction adds 82 locations, 11,000 customers and approximately USD 500.0 million in annual sales.
Watsco stock stood at EUR 263.90 at 12:49 p.m. CEST at Lang & Schwarz on October 15, 2026.
Watsco is scheduled to report third-quarter results on October 27, 2026.

WSO, US9426222009, Illustration mit AI erstellt.

Watsco (ISIN US9426222009) completed its USD 505.0 million acquisition of The Granite Group on October 12, 2026, adding a major plumbing and HVAC distribution platform. National Law Review reported that the deal brings 82 locations and approximately USD 500.0 million in sales into Watsco. Markets Insider said on October 12, 2026 that Morgan Stanley lowered its Watsco price target from USD 370.00 to USD 330.00 and kept an Equal Weight rating.

Three deal milestones shape expansion

Watsco closed the Jackson Supply acquisition on June 1, 2026, bringing annualized sales of approximately USD 230.0 million across 25 Sunbelt locations, according to National Law Review. On October 9, 2026, Watsco issued 338,176 common shares as part of the Granite consideration, according to StockTitan. The October 12 closing was the second large acquisition completed by Watsco in 2026.

What does the deal add?

The Granite Group serves approximately 11,000 customers from 82 locations and offers about 29,000 stock-keeping units sourced from more than 450 vendors, according to National Law Review. The transaction therefore adds product breadth and regional density, while Granite continues to operate independently under its existing management. Watsco's second-quarter 2026 revenue was USD 2.10 billion, with diluted earnings per share of USD 4.00 and a gross margin of 28.00 percent. Its earnings call said e-commerce sales grew 13.00 percent in the first half of 2026, reaching 37.00 percent of total sales over the last twelve months.

The next reporting date

Watsco is scheduled to report third-quarter 2026 results on October 27, 2026, before the market opens, with a conference call at 10:00 a.m. ET, according to MarketBeat. Its consensus figures are USD 2.20 billion in revenue and USD 4.12 in earnings per share, versus USD 2.07 billion and USD 3.98 in the year-earlier quarter.

Euro quote and US valuation

Watsco stock was trading at EUR 263.90 at Lang & Schwarz on October 15, 2026 at 12:49 p.m. CEST. On the NYSE, the stock closed at USD 295.10 on October 14, 2026, while its finance profile showed a USD 12.2 billion market capitalization and a USD 277.34 to USD 459.00 52-week range.

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