WESCO International (NYSE:WCC) EVP Sells $1,215,851.20 in Stock

WESCO International, Inc. (NYSE:WCC) EVP Christine Ann Wolf sold 4,685 shares of WESCO International stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the sale, the executive vice president directly owned 30,195 shares of the company’s stock, valued at $7,836,206.40. This trade represents a 13.43% 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.

Christine Ann Wolf also recently made the following trade(s):

• On Wednesday, August 27th, Christine Ann Wolf sold 2,098 shares of WESCO International stock. The shares were sold at an average price of $224.92, for a total value of $471,882.16.

WESCO International Price Performance

WESCO International stock opened at $256.49 on Friday. The business’s 50-day simple moving average is $226.14 and its 200 day simple moving average is $203.19. The company has a quick ratio of 1.19, a current ratio of 2.09 and a debt-to-equity ratio of 1.19. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.77 and a beta of 1.79. WESCO International, Inc. has a 12-month low of $125.21 and a 12-month high of $268.27.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.17. The firm had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $5.91 billion. WESCO International had a return on equity of 12.96% and a net margin of 2.98%.The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.58 EPS. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. As a group, research analysts anticipate that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were issued a $0.4538 dividend. This represents a $1.82 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, September 12th. WESCO International’s dividend payout ratio is currently 14.20%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Barclays raised their price target on WESCO International from $258.00 to $274.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank Of Canada lifted their price objective on WESCO International from $222.00 to $262.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Oppenheimer increased their target price on WESCO International from $225.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $250.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. raised its position in shares of WESCO International by 166.0% during the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after purchasing an additional 83 shares during the period. Rothschild Investment LLC increased its stake in WESCO International by 788.2% during the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after purchasing an additional 134 shares in the last quarter. Root Financial Partners LLC acquired a new stake in WESCO International during the 3rd quarter worth approximately $37,000. Rossby Financial LCC lifted its stake in WESCO International by 117.4% in the third quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock valued at $43,000 after buying an additional 108 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in WESCO International by 129.7% in the second quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock valued at $43,000 after buying an additional 131 shares in the last quarter. 93.75% of the stock is currently owned by institutional investors.

WESCO International Company Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).