Insider Buying: WESCO International (NYSE:WCC) EVP Buys $351,254.40 in Stock

WESCO International, Inc. (NYSE:WCC) EVP Daniel Castillo bought 960 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the transaction, the executive vice president owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

WESCO International Price Performance

WESCO International stock opened at $363.38 on Friday. The firm has a market capitalization of $17.70 billion, a P/E ratio of 25.11, a PEG ratio of 2.21 and a beta of 1.54. WESCO International, Inc. has a one year low of $201.35 and a one year high of $385.37. 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 business has a fifty day moving average price of $343.25 and a 200-day moving average price of $317.73.

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

WESCO International Dividend Announcement

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

Institutional Trading of WESCO International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Advisory Services Inc. bought a new position in WESCO International during the second quarter valued at approximately $363,000. Pzena Investment Management LLC bought a new stake in shares of WESCO International in the 2nd quarter worth approximately $24,696,000. Auxano Advisors LLC bought a new stake in shares of WESCO International in the 2nd quarter worth approximately $1,340,000. BlackRock Inc. purchased a new stake in shares of WESCO International in the 2nd quarter valued at $3,094,634,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of WESCO International during the 2nd quarter valued at $998,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. KeyCorp upped 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. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Weiss Ratings lowered WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, WESCO International has an average rating of “Buy” and an average price target 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.