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

WESCO International, Inc. (NYSE:WCC) has received an average rating of “Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $334.5556.

WCC has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of 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 target price on shares of 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 target price on shares of WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. KeyCorp raised their target price on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Barclays raised their target price on shares of WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a report on Monday, May 4th.

WESCO International Stock Performance

NYSE:WCC opened at $345.26 on Wednesday. WESCO International has a twelve month low of $183.00 and a twelve month high of $377.90. The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average of $350.01 and a 200-day moving average of $303.69. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 2.15 and a beta of 1.53.

WESCO International (NYSE:WCC) last announced its 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 net margin of 2.79% and a return on equity of 13.82%. The company had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same period last year, the company posted $2.21 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Analysts forecast that WESCO International will post 15.94 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

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

Insider Buying and Selling

In related news, CEO John Engel sold 79,440 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $358.75, for a total transaction of $28,499,100.00. Following the completion of the sale, the chief executive officer directly owned 478,946 shares in the company, valued at approximately $171,821,877.50. This trade represents a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Akash Khurana sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $359.13, for a total transaction of $1,436,520.00. Following the sale, the executive vice president owned 30,775 shares of the company’s stock, valued at approximately $11,052,225.75. This represents a 11.50% decrease in their ownership of the stock. 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. Company insiders own 2.60% of the company’s stock.

Institutional Trading of WESCO International

Institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its holdings in shares of WESCO International by 92.7% during the fourth 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 period. Torren Management LLC acquired a new stake in shares of WESCO International during the fourth quarter worth approximately $32,000. Brown Brothers Harriman & Co. boosted its holdings 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. Hilton Head Capital Partners LLC acquired a new stake in shares of WESCO International during the fourth quarter worth approximately $39,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of WESCO International during the fourth quarter worth approximately $52,000. 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.