Insider Selling: WESCO International (NYSE:WCC) EVP Sells $1,247,052.00 in Stock

WESCO International, Inc. (NYSE:WCC) EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction on Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the transaction, the executive vice president directly owned 27,404 shares of the company’s stock, valued at $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WESCO International Price Performance

Shares of NYSE WCC traded down $5.46 during mid-day trading on Wednesday, hitting $343.70. 603,648 shares of the company’s stock traded hands, compared to its average volume of 615,353. The company’s 50-day moving average is $343.44 and its two-hundred day moving average is $321.76. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The company has a market capitalization of $16.75 billion, a P/E ratio of 23.75, a PEG ratio of 2.15 and a beta of 1.54. WESCO International, Inc. has a 1 year low of $203.40 and a 1 year high of $385.37.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the business posted $3.83 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities analysts anticipate that WESCO International, Inc. will post 16.82 EPS for the current fiscal year.

WESCO International Announces Dividend

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

Institutional Trading of WESCO International

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of WESCO International during the second quarter worth approximately $3,094,634,000. Bank of America Corp DE purchased a new stake in shares of WESCO International in the second quarter valued at approximately $296,304,000. Bank of New York Mellon Corp bought a new position in WESCO International in the second quarter worth approximately $249,503,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in WESCO International during the 2nd quarter worth $175,189,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in WESCO International during the 2nd quarter valued at $41,561,000. 93.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. KeyCorp raised their target price on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Barclays upped their price target on shares of WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. DA Davidson initiated coverage on shares of WESCO International in a research report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price objective on the stock. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $374.29.

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.