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

Shares of WESCO International, Inc. (NYSE:WCC) have earned an average rating of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $321.3750.

WCC has been the topic of several analyst reports. Stephens lifted their price objective on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Royal Bank Of Canada raised their target price on WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. KeyCorp raised their target price on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Barclays raised their target price on WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th.

WESCO International Trading Up 1.0%

NYSE WCC opened at $375.48 on Friday. The stock’s 50-day simple moving average is $324.92 and its two-hundred day simple moving average is $291.53. WESCO International has a twelve month low of $168.86 and a twelve month high of $377.90. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $18.29 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.34 and a beta of 1.53.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, topping the consensus estimate of $2.88 by $0.49. The firm had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Research analysts forecast that WESCO International will post 15.9 EPS for the current fiscal year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.00 annualized dividend and a dividend yield of 0.5%. WESCO International’s dividend payout ratio (DPR) is presently 14.21%.

Insider Buying and Selling

In related news, EVP Akash Khurana sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $359.13, for a total value of $1,436,520.00. Following the sale, the executive vice president directly owned 30,775 shares of the company’s stock, valued at $11,052,225.75. This trade represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Hemant Porwal sold 4,445 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $363.21, for a total value of $1,614,468.45. Following the completion of the sale, the executive vice president directly owned 16,618 shares in the company, valued at $6,035,823.78. The trade was a 21.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 144,486 shares of company stock valued at $51,846,641 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of WESCO International

Several large investors have recently bought and sold shares of WCC. Cornerstone Planning Group LLC boosted its position in WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after acquiring an additional 83 shares in the last quarter. Rothschild Investment LLC boosted its position in WESCO International by 788.2% during the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after acquiring an additional 134 shares in the last quarter. Torren Management LLC bought a new stake in WESCO International during the 4th quarter valued at approximately $32,000. Finally, Hilton Head Capital Partners LLC bought a new stake in WESCO International during the 4th quarter valued at approximately $39,000. 93.75% of the stock is owned by institutional investors.

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.