WESCO International, Inc. (NYSE:WCC) Stock Has Average Target Price of $394.17

Shares of WESCO International, Inc. (NYSE:WCC) have been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $394.17.

A number of research firms have issued reports on WCC. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Weiss Ratings lowered shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Royal Bank Of Canada raised their target price on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Barclays boosted their price target on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd.

WESCO International Stock Up 0.2%

Shares of NYSE WCC opened at $382.39 on Friday. The firm’s 50-day moving average is $352.00 and its two-hundred day moving average is $335.78. The company has a market capitalization of $18.63 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 2.28 and a beta of 1.54. 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 12-month low of $207.39 and a 12-month high of $385.37.

WESCO International (NYSE:WCC) last issued 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 business had revenue of $6.67 billion for 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 business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Equities analysts anticipate that WESCO International will post 16.77 EPS for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.5%. WESCO International’s payout ratio is currently 13.82%.

Insider Activity at WESCO International

In other WESCO International news, EVP Akash Khurana sold 3,400 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the transaction, the executive vice president owned 27,404 shares of the company’s stock, valued at $10,051,239.12. This trade represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the transaction, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On WESCO International

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in WESCO International during the second quarter worth about $3,094,634,000. Bank of America Corp DE purchased a new position in WESCO International in the second quarter valued at approximately $296,304,000. Bank of New York Mellon Corp acquired a new position in WESCO International during the second quarter valued at approximately $249,503,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in WESCO International during the second quarter valued at approximately $175,189,000. Finally, Nykredit A S purchased a new stake in WESCO International during the second quarter worth approximately $154,034,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Company Profile

WESCO International, Inc is a global provider of electrical, communications, utility and supply chain solutions. Through its distribution and service operations, the company supplies products used in commercial, industrial, institutional, utility, data center, broadband and residential markets.

Its product offerings include electrical and electronic components, wire and cable, lighting and controls, network infrastructure, security and safety products, automation equipment, and general industrial supplies.