WESCO International (NYSE:WCC) EVP Daniel Castillo Purchases 1,400 Shares of Stock

WESCO International, Inc. (NYSE:WCC) EVP Daniel Castillo bought 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were bought at an average cost of $266.06 per share, for a total transaction of $372,484.00. Following the transaction, the executive vice president directly owned 15,300 shares of the company’s stock, valued at $4,070,718. This trade represents a 10.07% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

WESCO International Stock Down 1.9%

Shares of WCC opened at $277.08 on Friday. WESCO International, Inc. has a 52 week low of $125.21 and a 52 week high of $319.67. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 2.20. The firm has a market capitalization of $13.48 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.82 and a beta of 1.44. The company has a 50-day simple moving average of $283.35 and a 200-day simple moving average of $258.97.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $3.40 EPS for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.42). The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.03 billion. WESCO International had a return on equity of 13.00% and a net margin of 2.72%.WESCO International’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.16 EPS. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. On average, equities research analysts expect that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.7%. This is a boost from WESCO International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, March 13th. WESCO International’s dividend payout ratio (DPR) is currently 15.31%.

Wall Street Analysts Forecast Growth

WCC has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Barclays boosted their target price on WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. KeyCorp set a $340.00 target price on WESCO International in a research note on Wednesday, February 11th. Finally, Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, WESCO International currently has a consensus rating of “Buy” and an average price target of $276.00.

Institutional Investors Weigh In On WESCO International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund raised its holdings in WESCO International by 30.6% during the second quarter. New York State Common Retirement Fund now owns 34,794 shares of the technology company’s stock worth $6,444,000 after acquiring an additional 8,150 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in WESCO International by 95.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock valued at $139,000 after purchasing an additional 368 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of WESCO International in the second quarter valued at about $573,000. Gabelli Funds LLC grew its position in shares of WESCO International by 51.1% during the 2nd quarter. Gabelli Funds LLC now owns 16,390 shares of the technology company’s stock worth $3,035,000 after purchasing an additional 5,540 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in WESCO International by 0.8% during the second quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock worth $8,446,000 after buying an additional 365 shares in the last quarter. 93.75% of the stock is owned by institutional investors.

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.