WESCO International (NYSE:WCC) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of WESCO International (NYSE:WCC) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Barclays upped their price target on shares of WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday. 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 target price on the stock. Finally, KeyCorp raised their target price on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $374.29.

WESCO International Stock Up 3.5%

WCC opened at $374.13 on Monday. The business’s fifty day simple moving average is $343.00 and its 200 day simple moving average is $316.15. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. WESCO International has a 52 week low of $200.60 and a 52 week high of $377.90. The firm has a market cap of $18.22 billion, a P/E ratio of 25.86, a PEG ratio of 2.16 and a beta of 1.54.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the prior year, the company posted $3.83 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities research analysts anticipate that WESCO International will post 16.69 EPS for the current fiscal year.

WESCO International Announces Dividend

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

Insiders Place Their Bets

In other WESCO International news, EVP Hemant Porwal sold 4,445 shares of the firm’s stock in a transaction dated 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 directly owned 16,618 shares in the company, valued at $6,035,823.78. This trade represents a 21.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WESCO International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. grew its stake in WESCO International by 8.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock valued at $110,742,000 after buying an additional 31,210 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of WESCO International by 1.7% in 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 during the period. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of WESCO International by 74.8% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after acquiring an additional 79,612 shares during the last quarter. Quent Long Short Global Small Cap Fund LP bought a new position in WESCO International during the fourth quarter worth $858,000. Finally, Aureus Asset Management LLC bought a new position in WESCO International during the fourth quarter worth $5,916,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

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.