Hemant Porwal Sells 4,445 Shares of WESCO International (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) 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 directly owned 16,618 shares of the company’s stock, valued at $6,035,823.78. The trade was a 21.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hemant Porwal also recently made the following trade(s):

• On Wednesday, May 6th, Hemant Porwal sold 2,770 shares of WESCO International stock. The shares were sold at an average price of $360.64, for a total value of $998,972.80.

WESCO International Trading Down 1.2%

NYSE:WCC opened at $362.07 on Wednesday. The company’s 50 day moving average is $294.94 and its 200-day moving average is $278.72. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a 12 month low of $161.70 and a 12 month high of $371.67. The firm has a market cap of $17.64 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.33 and a beta of 1.54.

WESCO International (NYSE:WCC) last posted its quarterly earnings data 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. The business had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. WESCO International’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.21 EPS. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Equities analysts anticipate that WESCO International, Inc. will post 15.7 EPS for the current year.

WESCO International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a $0.50 dividend. This is an increase from WESCO International’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, March 13th. WESCO International’s dividend payout ratio (DPR) is 14.21%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Royal Bank Of Canada boosted their price objective on WESCO International from $352.00 to $411.00 and gave the stock an “outperform” 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 report on Monday, May 4th. 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. JPMorgan Chase & Co. upped their target price on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Stephens increased their price target on shares of WESCO International from $275.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $321.38.

Institutional Trading of WESCO International

A number of institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in WESCO International by 95.6% during the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock worth $139,000 after buying an additional 368 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of WESCO International in the 2nd quarter valued at $573,000. California State Teachers Retirement System lifted its holdings in shares of WESCO International by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock worth $8,446,000 after acquiring an additional 365 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of WESCO International by 516.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after acquiring an additional 34,649 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of WESCO International by 1.4% during the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after acquiring an additional 54 shares in the last quarter. 93.75% of the stock is currently owned by institutional investors.

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.