WESCO International, Inc. (NYSE:WCC) Given Consensus Rating of “Buy” by Analysts

Shares of WESCO International, Inc. (NYSE:WCC) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $321.3750.

Several research firms have commented on WCC. Barclays lifted their price target on WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, May 4th. KeyCorp increased their price target on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Stephens lifted their price objective on shares of WESCO International from $275.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th.

Insider Activity at WESCO International

In related news, EVP Christine Ann Wolf sold 2,549 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $355.25, for a total value of $905,532.25. Following the sale, the executive vice president owned 29,570 shares of the company’s stock, valued at approximately $10,504,742.50. This trade represents a 7.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Hemant Porwal sold 4,445 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $363.21, for a total transaction of $1,614,468.45. Following the transaction, the executive vice president directly owned 16,618 shares of the company’s stock, valued at approximately $6,035,823.78. This trade represents a 21.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 164,600 shares of company stock valued at $57,974,994 in the last ninety days. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On WESCO International

A number of hedge funds have recently made changes to their positions in WCC. Bessemer Group Inc. raised its stake in WESCO International by 2.4% during the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock valued at $606,000 after acquiring an additional 51 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in WESCO International by 10.3% during the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after purchasing an additional 84,905 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of WESCO International by 3.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 14,878 shares of the technology company’s stock worth $4,071,000 after acquiring an additional 500 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new position in shares of WESCO International in the 1st quarter valued at $61,000. Finally, DGS Capital Management LLC acquired a new position in shares of WESCO International in the first quarter worth about $225,000. Institutional investors own 93.75% of the company’s stock.

WESCO International Stock Up 3.1%

WCC opened at $366.49 on Tuesday. WESCO International has a 52 week low of $161.70 and a 52 week high of $368.90. The firm has a market cap of $17.85 billion, a P/E ratio of 26.05, a PEG ratio of 2.26 and a beta of 1.54. The business’s fifty day simple moving average is $293.50 and its 200 day simple moving average is $277.68. 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 (NYSE:WCC) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.49. The business had revenue of $6.08 billion for 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%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, equities research analysts anticipate that WESCO International will post 15.7 EPS for the current fiscal year.

WESCO International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.00 annualized dividend and a dividend yield of 0.5%. This is an increase from WESCO International’s previous quarterly dividend of $0.45. WESCO International’s dividend payout ratio is currently 14.21%.

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.