WESCO International (NYSE:WCC) Director Laura Thompson Sells 270 Shares

WESCO International, Inc. (NYSE:WCC) Director Laura Thompson sold 270 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director directly owned 10,720 shares in the company, valued at approximately $3,949,784. The trade was a 2.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

WESCO International Price Performance

Shares of NYSE:WCC traded down $4.78 on Thursday, reaching $359.82. The company’s stock had a trading volume of 522,050 shares, compared to its average volume of 619,352. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The company has a market cap of $17.53 billion, a P/E ratio of 24.87, a PEG ratio of 2.18 and a beta of 1.54. The company has a 50-day simple moving average of $343.13 and a 200 day simple moving average of $319.72. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.59. The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities research analysts anticipate that WESCO International, Inc. will post 16.82 EPS for the current fiscal year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 12th. WESCO International’s dividend payout ratio (DPR) is presently 13.82%.

Hedge Funds Weigh In On WESCO International

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in WESCO International in the 2nd quarter valued at about $3,094,634,000. Bank of New York Mellon Corp purchased a new position in shares of WESCO International during the second quarter worth approximately $249,503,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of WESCO International during the second quarter valued at approximately $175,189,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of WESCO International in the second quarter valued at approximately $41,561,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of WESCO International by 1,674.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock valued at $21,686,000 after purchasing an additional 83,650 shares during the period. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WCC shares. Weiss Ratings downgraded WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Royal Bank Of Canada raised their target price on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, KeyCorp upped their price target on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 1st. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $374.29.

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.