WESCO International, Inc. (NYSE:WCC) Receives Average Recommendation of “Buy” from Analysts

Shares of WESCO International, Inc. (NYSE:WCC) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $394.17.

A number of research analysts recently issued reports on WCC shares. Royal Bank Of Canada lifted their price objective on shares of WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Barclays raised their target price on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $350.00 to $400.00 in a report on Tuesday, July 14th. Finally, DA Davidson started coverage on WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective for the company.

WESCO International Trading Up 2.0%

Shares of WESCO International stock opened at $384.73 on Friday. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. WESCO International has a 12-month low of $207.39 and a 12-month high of $388.64. The company has a market capitalization of $18.75 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.25 and a beta of 1.54. The firm’s 50-day moving average price is $353.87 and its two-hundred day moving average price is $337.54.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The company had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the previous year, the company earned $3.83 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, analysts forecast that WESCO International will post 16.77 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $2.00 annualized dividend and a yield of 0.5%. WESCO International’s payout ratio is presently 13.82%.

Insider Transactions at WESCO International

In related news, EVP Daniel J. Castillo bought 960 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $365.89 per share, with a total value of $351,254.40. Following the completion of the acquisition, the executive vice president owned 16,305 shares of the company’s stock, valued at $5,965,836.45. The trade was a 6.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the sale, the executive vice president directly owned 27,404 shares in the company, valued at $10,051,239.12. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bell Investment Advisors Inc bought a new position in shares of WESCO International in the 2nd quarter valued at $26,000. Transamerica Financial Advisors LLC bought a new stake in WESCO International during the 2nd quarter worth $27,000. Burkett Financial Services LLC bought a new stake in WESCO International during the 3rd quarter worth $32,000. Jones Financial Companies Lllp acquired a new position in WESCO International in the 2nd quarter worth about $36,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in WESCO International in the 2nd quarter worth about $38,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

WESCO International Company Profile

WESCO International, Inc is a global provider of electrical, communications, utility and supply chain solutions. Through its distribution and service operations, the company supplies products used in commercial, industrial, institutional, utility, data center, broadband and residential markets.

Its product offerings include electrical and electronic components, wire and cable, lighting and controls, network infrastructure, security and safety products, automation equipment, and general industrial supplies.