WESCO International (NYSE:WCC) Upgraded to Overweight at Stephens

Stephens upgraded shares of WESCO International (NYSE:WCC) from an equal weight rating to an overweight rating in a report published on Tuesday morning, MarketBeat reports. They currently have $400.00 price objective on the technology company’s stock, up from their previous price objective of $350.00.

A number of other research analysts also recently issued reports on WCC. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Royal Bank Of Canada increased their target price on shares of WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday. Barclays upped their price target on WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, KeyCorp raised their price objective on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $340.11.

WESCO International Stock Up 2.7%

WESCO International stock opened at $339.90 on Tuesday. WESCO International has a twelve month low of $195.43 and a twelve month high of $377.90. The business has a fifty day moving average of $349.82 and a two-hundred day moving average of $308.27. The firm has a market cap of $16.56 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.08 and a beta of 1.54. 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 (NYSE:WCC) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 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 firm had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same period in the previous year, the company posted $2.21 EPS. The business’s revenue for the quarter 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. On average, analysts forecast that WESCO International will post 15.94 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 12th. WESCO International’s dividend payout ratio is presently 14.21%.

Insider Buying and Selling

In other WESCO International 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 transaction of $11,516,418.44. Following the completion of the sale, the chief financial officer owned 77,038 shares of the company’s stock, valued at approximately $27,767,576.72. The trade was a 29.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Hemant Porwal sold 4,445 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $363.21, for a total value of $1,614,468.45. Following the completion of the transaction, the executive vice president directly owned 16,618 shares in the company, valued at $6,035,823.78. This represents a 21.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 144,486 shares of company stock worth $51,846,641 over the last three months. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of WESCO International

Several institutional investors and hedge funds have recently bought and sold shares of WCC. Bank of New York Mellon Corp increased its stake in shares of WESCO International by 10.3% in the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock worth $248,303,000 after acquiring an additional 84,905 shares during the period. Geode Capital Management LLC lifted its holdings in shares of WESCO International by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after buying an additional 14,739 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of WESCO International by 8.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock valued at $110,742,000 after buying an additional 31,210 shares during the period. Davis Selected Advisers boosted its stake in shares of WESCO International by 24.6% in the fourth quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock worth $89,172,000 after buying an additional 71,932 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in WESCO International by 6.2% during the third quarter. Ameriprise Financial Inc. now owns 324,068 shares of the technology company’s stock worth $68,541,000 after acquiring an additional 19,056 shares during the period. 93.75% of the stock is currently owned by institutional investors and hedge funds.

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.