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

Shares of WESCO International, Inc. (NYSE:WCC) have received a consensus rating of “Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $334.5556.

A number of analysts have issued reports on WCC shares. Barclays raised their target price on WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. DA Davidson assumed coverage on WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective on the stock. Stephens boosted their price target on WESCO International from $275.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, KeyCorp boosted their price target on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 1st.

Insider Transactions at WESCO International

In related news, CFO David S. Schulz sold 31,951 shares of WESCO International stock in a transaction dated Wednesday, May 6th. The stock was 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 directly 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 can be accessed through the SEC website. Also, EVP Christine Ann Wolf sold 2,549 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $355.25, for a total value of $905,532.25. Following the completion of the sale, the executive vice president owned 29,570 shares of the company’s stock, valued at $10,504,742.50. This represents a 7.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 144,486 shares of company stock valued at $51,846,641. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WESCO International

Several large investors have recently modified their holdings of WCC. Greenleaf Trust lifted its holdings in WESCO International by 1.6% during the 4th quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock worth $647,000 after purchasing an additional 41 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after purchasing an additional 51 shares during the last quarter. Bessemer Group Inc. lifted its holdings in WESCO International by 2.4% during the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock worth $606,000 after purchasing an additional 51 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in WESCO International by 1.4% during the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after purchasing an additional 54 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in WESCO International by 11.5% during the 4th quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after acquiring an additional 60 shares during the period. 93.75% of the stock is currently owned by institutional investors.

WESCO International Stock Performance

WCC opened at $354.06 on Wednesday. The firm has a market capitalization of $17.25 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 2.32 and a beta of 1.53. The stock’s 50 day moving average price is $346.12 and its two-hundred day moving average price is $300.99. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13. WESCO International has a 12-month low of $181.80 and a 12-month high of $377.90.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. The firm had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.21 EPS. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, equities analysts forecast that WESCO International will post 15.94 earnings per share for the current year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. WESCO International’s payout ratio is currently 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.