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

Shares of WESCO International, Inc. (NYSE:WCC) have received a consensus recommendation of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $374.2857.

A number of research firms have issued reports on WCC. Weiss Ratings lowered shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. DA Davidson started coverage on shares of WESCO International in a report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price objective on the stock. Royal Bank Of Canada increased 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. Finally, Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th.

WESCO International Stock Up 2.9%

Shares of WCC stock opened at $371.96 on Thursday. WESCO International has a fifty-two week low of $203.40 and a fifty-two week high of $385.37. The firm has a market capitalization of $18.13 billion, a PE ratio of 25.71, a P/E/G ratio of 2.15 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. The stock’s 50-day simple moving average is $343.58 and its 200-day simple moving average is $321.36.

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

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a yield of 0.5%. WESCO International’s dividend payout ratio is 13.82%.

Insiders Place Their Bets

In other news, EVP Daniel J. Castillo acquired 960 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president owned 16,305 shares in the company, valued at approximately $5,965,836.45. The trade was a 6.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura K. Thompson sold 270 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director directly owned 10,720 shares in the company, valued at approximately $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On WESCO International

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

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.