WSO, US9426222009

Mizuho cuts target for Watsco stock from USD 350 to USD 325

Published on 10/20/2026 at 13:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Watsco added Granite's USD 500.0 million sales base in October. Watsco stock costs EUR 262.70 on October 20, 2026 beside a USD 325 target.

Analyst view and company dates

Mizuho cut its Watsco target from USD 350 to USD 325 on October 15, 2026.
The Granite Group adds USD 500.0 million in sales and 82 locations after completion on October 12, 2026.
Watsco stock traded at EUR 262.70 at 1:16 p.m. CEST at Lang & Schwarz on October 20, 2026.
Watsco scheduled its third-quarter conference call for October 27, 2026.

WSO, US9426222009, Illustration mit AI erstellt.

Watsco (ISIN US9426222009) saw Mizuho cut its price target from USD 350 to USD 325 on October 15, 2026, while keeping a Neutral rating, according to MarketBeat. Watsco stock was trading at EUR 262.70 at Lang & Schwarz on October 20, 2026 at 1:16 p.m. CEST.

Three dates shape Watsco

On October 1, 2026, Watsco declared a quarterly dividend of USD 3.30 per share, according to GlobeNewswire.

On October 12, 2026, Watsco completed its acquisition of The Granite Group, a distributor with approximately USD 500.0 million in sales across seven northeastern states, according to GlobeNewswire.

On October 15, 2026, Mizuho reduced its target to USD 325 from USD 350 and retained its Neutral rating, as Markets Insider reported.

What does the acquisition add?

The Granite transaction gives Watsco an additional plumbing and HVAC platform with 82 locations, approximately 11,000 customers and about 29,000 stock-keeping units, according to the acquisition release. Granite will continue operating independently under its existing management, which keeps the integration thesis centered on distribution scale rather than immediate restructuring.

The latest reported operating comparison was weaker. In the second quarter of 2026, Watsco posted USD 2.10 billion in revenue, up 2.10 percent year over year, but adjusted earnings per share of USD 4.00 missed the USD 4.41 consensus estimate, according to MarketBeat. That combination helps explain why the latest target revisions remain cautious even as the acquisition expands the revenue base.

The next two dates

Watsco scheduled its third-quarter conference call for October 27, 2026, at 10:00 a.m. EDT, according to GlobeNewswire. The USD 3.30 dividend is scheduled for payment on October 30, 2026.

Watsco stock stays in transition

The acquisition supplies a concrete growth asset, while the second-quarter earnings miss and successive target cuts leave execution and demand central to the next update.

Watsco was trading at EUR 262.70 at Lang & Schwarz on October 20, 2026 at 1:16 p.m. CEST.

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