WESCO International (NYSE:WCC) Hits New 12-Month High Following Insider Buying Activity

WESCO International, Inc. (NYSE:WCC)’s share price reached a new 52-week high during mid-day trading on Wednesday following insider buying activity. The stock traded as high as $379.05 and last traded at $379.05, with a volume of 12672 shares. The stock had previously closed at $374.10.

Specifically, EVP Daniel J. Castillo bought 960 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of $365.89 per share, with a total value of $351,254.40. Following the acquisition, the executive vice president owned 16,305 shares in the company, valued at $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

Several analysts recently issued reports on WCC shares. Weiss Ratings cut WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Barclays lifted their target price on WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Royal Bank Of Canada increased their price target on shares of WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research report 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $374.29.

WESCO International Stock Down 0.4%

The business has a fifty day simple moving average of $343.21 and a 200 day simple moving average of $317.41. 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 firm has a market cap of $18.09 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.22 and a beta of 1.54.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.59. The company 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 firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter 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 analysts forecast 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. Investors of record on Friday, June 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.5%. WESCO International’s dividend payout ratio is currently 13.82%.

Hedge Funds Weigh In On WESCO International

A number of institutional investors have recently bought and sold shares of WCC. EverSource Wealth Advisors LLC raised its position in shares of WESCO International by 95.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock valued at $139,000 after buying an additional 368 shares during the period. Gamco Investors INC. ET AL purchased a new stake in WESCO International in the second quarter valued at approximately $573,000. California State Teachers Retirement System lifted its stake in WESCO International by 0.8% during the second quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock worth $8,446,000 after purchasing an additional 365 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of WESCO International by 516.8% during the second quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after buying an additional 34,649 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of WESCO International by 1.4% in the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after buying an additional 54 shares during the period. 93.75% of the stock is owned by hedge funds and other institutional investors.

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.