WESCO International (NYSE:WCC) Price Target Raised to $390.00

WESCO International (NYSE:WCC) had its target price boosted by Barclays from $376.00 to $390.00 in a research note issued to investors on Monday,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

A number of other research analysts have also weighed in on the company. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $350.00 to $400.00 in a report on Tuesday, July 14th. KeyCorp raised their target price 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. Weiss Ratings downgraded shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada lifted their price objective on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One investment 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. According to MarketBeat, WESCO International has a consensus rating of “Buy” and an average price target of $374.29.

WESCO International Trading Down 0.4%

WCC stock opened at $372.78 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. WESCO International has a 1-year low of $201.35 and a 1-year high of $383.26. The business has a 50 day simple moving average of $343.08 and a two-hundred day simple moving average of $316.78. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 2.22 and a beta of 1.54.

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 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 company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Research analysts anticipate that WESCO International 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 $0.50 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 annualized dividend and a yield of 0.5%. WESCO International’s dividend payout ratio (DPR) is presently 13.82%.

Insider Activity at WESCO International

In other news, EVP Hemant Porwal sold 4,445 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $363.21, for a total transaction of $1,614,468.45. Following the transaction, the executive vice president owned 16,618 shares of the company’s stock, valued at approximately $6,035,823.78. This represents a 21.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Castillo purchased 960 shares of WESCO International stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the acquisition, the executive vice president owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their position. The SEC filing for this purchase provides additional information. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in WESCO International by 10.3% during the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after buying an additional 84,905 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of WESCO International by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after acquiring an additional 14,739 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of WESCO International by 8.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock valued at $110,742,000 after purchasing an additional 31,210 shares during the period. Davis Selected Advisers grew its holdings in WESCO International by 24.6% during the 4th quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock worth $89,172,000 after acquiring an additional 71,932 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in WESCO International by 6.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 324,068 shares of the technology company’s stock valued at $68,541,000 after purchasing an additional 19,056 shares during the period. 93.75% of the stock is currently 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.