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

Shares of WESCO International, Inc. (NYSE:WCC) have been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $341.2222.

A number of research firms recently weighed in on WCC. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. KeyCorp boosted their target price on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Barclays increased 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, Royal Bank Of Canada raised their price target on WESCO International from $411.00 to $421.00 and gave the stock an “outperform” rating in a research note on Thursday.

WESCO International Trading Up 0.3%

WCC stock opened at $327.69 on Friday. WESCO International has a twelve month low of $197.96 and a twelve month high of $377.90. The stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.06 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. The firm’s fifty day simple moving average is $348.23 and its two-hundred day simple moving average is $309.48.

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, topping the consensus estimate of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The firm had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same quarter last year, the business earned $2.21 EPS. The business’s revenue was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, analysts anticipate that WESCO International will post 15.94 earnings per share for the current year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were paid a $0.50 dividend. The ex-dividend date was 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%.

Insider Buying and Selling at WESCO International

In other news, EVP Diane Lazzaris sold 9,910 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $359.48, for a total value of $3,562,446.80. Following the transaction, the executive vice president directly owned 19,611 shares in the company, valued at approximately $7,049,762.28. This represents a 33.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David S. Schulz sold 31,951 shares of the firm’s 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 transaction, the chief financial officer directly owned 77,038 shares in the company, valued at $27,767,576.72. This represents a 29.32% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 144,486 shares of company stock valued at $51,846,641. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On WESCO International

Hedge funds have recently added to or reduced their stakes in the stock. Trust Point Inc. increased its position in shares of WESCO International by 4.5% during the second quarter. Trust Point Inc. now owns 771 shares of the technology company’s stock worth $266,000 after acquiring an additional 33 shares during the period. GAMMA Investing LLC raised its stake in shares of WESCO International by 19.4% during the second quarter. GAMMA Investing LLC now owns 992 shares of the technology company’s stock valued at $343,000 after acquiring an additional 161 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of WESCO International by 8.1% in the second quarter. Versant Capital Management Inc now owns 1,148 shares of the technology company’s stock valued at $397,000 after purchasing an additional 86 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of WESCO International by 22.7% in the first quarter. Pacer Advisors Inc. now owns 7,139 shares of the technology company’s stock valued at $1,953,000 after purchasing an additional 1,319 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in WESCO International by 5.0% in the first quarter. Arkadios Wealth Advisors now owns 2,138 shares of the technology company’s stock worth $585,000 after purchasing an additional 102 shares in the last quarter. 93.75% of the stock is currently 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.