WESCO International (NYSE:WCC) EVP Daniel Castillo Purchases 960 Shares

WESCO International, Inc. (NYSE:WCC) EVP Daniel Castillo purchased 960 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average price 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

WESCO International Stock Down 0.4%

NYSE:WCC traded down $1.32 during trading hours on Wednesday, hitting $372.78. The stock had a trading volume of 640,527 shares, compared to its average volume of 624,504. The company has a market cap of $18.16 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.16 and a beta of 1.54. The business has a 50 day simple moving average of $343.00 and a two-hundred day simple moving average of $316.15. WESCO International, Inc. has a 1-year low of $201.35 and a 1-year high of $383.26. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC) last posted 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 business 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 business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period 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. Analysts predict that WESCO International, Inc. will post 16.69 EPS for the current year.

WESCO International Dividend Announcement

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

Institutional Investors Weigh In On WESCO International

A number of institutional investors have recently modified their holdings of WCC. EverSource Wealth Advisors LLC raised its stake in shares of WESCO International by 95.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock valued at $139,000 after purchasing an additional 368 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in WESCO International in the second quarter worth about $573,000. California State Teachers Retirement System increased 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 buying an additional 365 shares during the last quarter. BNP Paribas Financial Markets increased 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 buying an additional 34,649 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in WESCO International by 1.4% during 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. Institutional investors and hedge funds own 93.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WCC. KeyCorp raised their target price on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday. Barclays increased their price target on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings lowered WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, WESCO International has a consensus rating of “Buy” and a consensus price target of $374.29.

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.