WESCO International (NYSE:WCC) Hits New 12-Month High – What’s Next?

WESCO International, Inc. (NYSE:WCC) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $379.05 and last traded at $379.05, with a volume of 12672 shares traded. The stock had previously closed at $374.10.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. KeyCorp raised their price objective on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Barclays boosted their target price on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, WESCO International has a consensus rating of “Buy” and an average target price of $374.29.

WESCO International Stock Performance

The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. The stock has a market cap of $18.38 billion, a PE ratio of 26.08, a P/E/G ratio of 2.16 and a beta of 1.54. The business’s 50-day moving average price is $343.00 and its 200-day moving average price is $316.15.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The company had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities research analysts expect that WESCO International, Inc. will post 16.69 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were given a dividend of $0.50 per share. The ex-dividend date was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a yield of 0.5%. WESCO International’s payout ratio is currently 13.82%.

Insider Activity at WESCO International

In other WESCO International news, EVP Hemant Porwal sold 4,445 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $363.21, for a total value of $1,614,468.45. Following the sale, the executive vice president owned 16,618 shares in the company, valued at approximately $6,035,823.78. This represents a 21.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. increased its position in shares of WESCO International by 8.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock worth $110,742,000 after purchasing an additional 31,210 shares in the last quarter. Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 14,739 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its stake in WESCO International by 74.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after purchasing an additional 79,612 shares during the last quarter. Quent Long Short Global Small Cap Fund LP purchased a new stake in shares of WESCO International during the fourth quarter worth $858,000. Finally, Aureus Asset Management LLC acquired a new stake in shares of WESCO International in the fourth quarter valued at about $5,916,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

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.