Brokerages Set WESCO International, Inc. (NYSE:WCC) Target Price at $276.00

WESCO International, Inc. (NYSE:WCC) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $276.00.

A number of research firms have recently weighed in on WCC. Barclays raised their target price on WESCO International from $302.00 to $313.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. lifted their price target on WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Royal Bank Of Canada lifted their price target on WESCO International from $316.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, KeyCorp set a $340.00 target price on WESCO International in a research report on Wednesday, February 11th.

Insider Buying and Selling at WESCO International

In related news, EVP Diane Lazzaris sold 2,747 shares of WESCO International stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $302.61, for a total transaction of $831,269.67. Following the completion of the sale, the executive vice president owned 28,865 shares of the company’s stock, valued at approximately $8,734,837.65. This trade represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Castillo acquired 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were acquired at an average cost of $266.06 per share, with a total value of $372,484.00. Following the purchase, the executive vice president directly owned 15,300 shares of the company’s stock, valued at $4,070,718. This trade represents a 10.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 20,114 shares of company stock valued at $6,128,353 in the last three months. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WESCO International

Several large investors have recently added to or reduced their stakes in WCC. Greenleaf Trust lifted its stake in WESCO International by 1.6% during the fourth quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock worth $647,000 after purchasing an additional 41 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in 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 last quarter. Lazard Asset Management LLC lifted its stake in WESCO International by 1.4% during the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after purchasing an additional 54 shares during the last quarter. Parallel Advisors LLC lifted its stake in WESCO International by 11.5% during the fourth quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after purchasing an additional 60 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in WESCO International by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 1,340 shares of the technology company’s stock worth $283,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 93.75% of the company’s stock.

WESCO International Stock Up 1.8%

Shares of NYSE:WCC opened at $310.18 on Friday. The business’s 50 day simple moving average is $283.57 and its two-hundred day simple moving average is $264.21. The firm has a market cap of $15.09 billion, a P/E ratio of 23.75, a PEG ratio of 1.96 and a beta of 1.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 2.20. WESCO International has a 52-week low of $142.14 and a 52-week high of $319.67.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.82 by ($0.42). WESCO International had a return on equity of 13.00% and a net margin of 2.72%.The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the previous year, the company posted $3.16 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. As a group, research analysts forecast that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a dividend of $0.50 per share. This is a positive change from WESCO International’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, March 13th. WESCO International’s dividend payout ratio is 15.31%.

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.