WESCO International (NYSE:WCC) Stock Price Target Raised at Royal Bank Of Canada

WESCO International (NYSE:WCC) had its target price upped by Royal Bank Of Canada from $435.00 to $450.00 in a report released on Friday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the technology company’s stock.

A number of other equities analysts also recently weighed in on the stock. Zacks Research downgraded shares of WESCO International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings downgraded shares of WESCO International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Finally, Barclays increased their target price on shares of WESCO International from $390.00 to $437.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $405.33.

WESCO International Price Performance

Shares of NYSE WCC opened at $343.48 on Friday. The company has a market capitalization of $16.74 billion, a PE ratio of 21.32, a PEG ratio of 2.01 and a beta of 1.54. The company has a quick ratio of 1.23, a current ratio of 2.01 and a debt-to-equity ratio of 1.10. The stock’s 50 day moving average price is $350.61 and its 200-day moving average price is $327.01. WESCO International has a twelve month low of $240.55 and a twelve month high of $388.64.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, October 29th. The technology company reported $5.77 EPS for the quarter, topping analysts’ consensus estimates of $4.69 by $1.08. WESCO International had a return on equity of 16.27% and a net margin of 3.04%. The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $6.87 billion. During the same period last year, the company posted $3.92 earnings per share. WESCO International’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts anticipate that WESCO International will post 18.25 EPS for the current year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s dividend payout ratio is 12.41%.

Insiders Place Their Bets

In other WESCO International news, EVP Daniel J. Castillo bought 960 shares of WESCO International stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the purchase, the executive vice president directly 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Akash Khurana sold 3,400 shares of the business’s 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 completion of the sale, the executive vice president directly owned 27,404 shares in the company, valued at approximately $10,051,239.12. This trade represents a 11.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On WESCO International

A number of large investors have recently made changes to their positions in WCC. Sequoia Financial Advisors LLC raised its position in shares of WESCO International by 28.8% in the second quarter. Sequoia Financial Advisors LLC now owns 23,336 shares of the technology company’s stock worth $8,061,000 after buying an additional 5,224 shares in the last quarter. Engineers Gate Manager LP purchased a new position in WESCO International during the second quarter worth about $8,338,000. BlackRock Inc. bought a new position in WESCO International in the 2nd quarter worth about $3,094,634,000. Bank of America Corp DE bought a new position in WESCO International in the 2nd quarter worth about $296,304,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of WESCO International in the 2nd quarter valued at about $8,745,000. 93.75% of the stock is owned by institutional investors.

Key WESCO International News

Here are the key news stories impacting WESCO International this week:

• Positive Sentiment: RBC raised its price target to $450 and reiterated an “outperform” rating, implying approximately 31% upside from the referenced price. The higher target reflects increased confidence in WESCO’s earnings and growth prospects.
• Positive Sentiment: WESCO posted record third-quarter results. Revenue rose 16.6% year over year to $7.23 billion, while adjusted diluted EPS reached a record $5.77, well above the $4.69 consensus estimate. Reported diluted EPS was $5.43, compared with $3.92 a year earlier. WESCO International Reports Record Third Quarter 2026 Results
• Positive Sentiment: Data-center demand was a major growth driver. Data-center sales increased approximately 55% to $1.8 billion, while total backlog expanded about 80% year over year. This supports expectations for continued demand tied to data-center infrastructure and related supply-chain spending. Wesco International Tops Q3 2026 Estimates on Data Center Surge
• Positive Sentiment: Profitability and cash generation improved. Operating margin increased to 6.2%, adjusted EBITDA margin reached 7.8%, operating cash flow was $194 million, and financial leverage declined to 2.8 times from 3.4 times at 2025 year-end.
• Positive Sentiment: Management raised full-year 2026 earnings guidance and issued fourth-quarter guidance, citing record sales, profitability and backlog. The improved outlook reinforces the company’s positive operating momentum. Wesco Raises 2026 Guidance

About WESCO International

WESCO International, Inc is a business-to-business provider of electrical, communications, security, and supply chain solutions. The company distributes products used in electrical and electronic systems, including wire and cable, lighting, circuit protection, automation and control equipment, data communications infrastructure, security products, and other electrical and industrial supplies.

WESCO serves a broad range of customers, including electrical and data communications contractors, industrial companies, original equipment manufacturers, utilities, commercial and institutional businesses, government entities, and telecommunications providers.