WESCO International, Inc. (NYSE:WCC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of WESCO International, Inc. (NYSE:WCC) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $265.50.

A number of equities analysts recently issued reports on WCC shares. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. JPMorgan Chase & Co. upped their price target on shares of WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. KeyCorp increased their price objective on shares of WESCO International from $258.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Royal Bank Of Canada raised WESCO International from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $262.00 to $302.00 in a report on Wednesday, November 19th. Finally, Barclays upped their target price on WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th.

Insider Activity at WESCO International

In related news, CAO Matthew S. Kulasa sold 790 shares of WESCO International stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $253.18, for a total transaction of $200,012.20. Following the transaction, the chief accounting officer directly owned 3,320 shares of the company’s stock, valued at $840,557.60. The trade was a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane Lazzaris sold 7,522 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $256.00, for a total transaction of $1,925,632.00. Following the completion of the sale, the executive vice president owned 45,401 shares in the company, valued at approximately $11,622,656. This trade represents a 14.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,036 shares of company stock valued at $4,385,254 over the last 90 days. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of WESCO International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. raised its stake in WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after purchasing an additional 83 shares during the period. Rothschild Investment LLC grew its holdings in shares of WESCO International by 788.2% during the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after buying an additional 134 shares in the last quarter. Root Financial Partners LLC acquired a new position in WESCO International during the third quarter valued at $37,000. First Horizon Advisors Inc. lifted its stake in WESCO International by 129.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock worth $43,000 after acquiring an additional 131 shares in the last quarter. Finally, Rossby Financial LCC lifted its stake in WESCO International by 117.4% in the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock worth $43,000 after acquiring an additional 108 shares in the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

WESCO International Stock Down 1.3%

WCC opened at $286.46 on Friday. The stock’s 50 day moving average price is $263.69 and its 200 day moving average price is $234.75. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.09 and a quick ratio of 1.20. The stock has a market cap of $13.94 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.82 and a beta of 1.45. WESCO International has a 12 month low of $125.21 and a 12 month high of $291.01.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.17. The company had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $5.91 billion. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.58 earnings per share. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. As a group, research analysts predict that WESCO International will post 13.3 earnings per share for the current year.

WESCO International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.4538 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.82 annualized dividend and a dividend yield of 0.6%. WESCO International’s dividend payout ratio is 14.20%.

WESCO International Company Profile

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.