WESCO International, Inc. (NYSE:WCC) Given Average Recommendation of “Buy” by Analysts

WESCO International, Inc. (NYSE:WCC) has been given a consensus rating of “Buy” by the nine research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $321.3750.

A number of equities analysts recently issued reports on the company. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Royal Bank Of Canada raised their price target on WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Stephens raised their price target on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Barclays raised their price target on WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, KeyCorp raised their price target on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st.

Insider Transactions at WESCO International

In related news, CFO David S. Schulz sold 31,951 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total value of $11,516,418.44. Following the completion of the sale, the chief financial officer owned 77,038 shares in the company, valued at $27,767,576.72. This trade represents a 29.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Akash Khurana sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $359.13, for a total transaction of $1,436,520.00. Following the completion of the sale, the executive vice president owned 30,775 shares of the company’s stock, valued at approximately $11,052,225.75. The trade was a 11.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 144,486 shares of company stock valued at $51,846,641 over the last 90 days. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On WESCO International

Hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in WESCO International by 4.9% in the third quarter. Rhumbline Advisers now owns 127,991 shares of the technology company’s stock valued at $27,070,000 after purchasing an additional 5,961 shares during the period. Impax Asset Management Group plc acquired a new stake in WESCO International in the third quarter valued at about $1,082,000. SG Americas Securities LLC lifted its position in WESCO International by 122.1% in the fourth quarter. SG Americas Securities LLC now owns 23,857 shares of the technology company’s stock valued at $5,836,000 after purchasing an additional 13,115 shares during the period. Handelsbanken Fonder AB lifted its position in shares of WESCO International by 10.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 194,893 shares of the technology company’s stock valued at $41,220,000 after acquiring an additional 18,377 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of WESCO International by 11.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 170,577 shares of the technology company’s stock valued at $36,078,000 after acquiring an additional 17,377 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.

WESCO International Stock Performance

Shares of WCC stock opened at $361.70 on Friday. The stock’s 50-day moving average is $318.32 and its two-hundred day moving average is $289.08. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.29 and a beta of 1.54. WESCO International has a 1 year low of $161.98 and a 1 year high of $377.27. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.22 and a current ratio of 2.12.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.49. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The company had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same quarter last year, the company posted $2.21 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Analysts predict that WESCO International will post 15.9 earnings per share for the current year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be given a $0.50 dividend. The ex-dividend date is Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is presently 14.21%.

About WESCO International

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.