Brokerages Set WESCO International, Inc. (NYSE:WCC) Target Price at $394.17

WESCO International, Inc. (NYSE:WCC) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One 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 1 year price objective among brokerages that have issued a report on the stock in the last year is $394.1667.

Several research analysts have recently commented on the company. Weiss Ratings downgraded WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. DA Davidson started coverage on WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price on the stock. Barclays lifted their target price on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th.

WESCO International Stock Up 0.2%

Shares of NYSE WCC opened at $357.07 on Monday. WESCO International has a 52 week low of $203.40 and a 52 week high of $385.37. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. The firm’s fifty day moving average is $343.25 and its 200 day moving average is $327.51. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.11 and a beta of 1.53.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The company had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities research analysts expect that WESCO International will post 16.89 earnings per share for the current year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 11th. WESCO International’s dividend payout ratio (DPR) is presently 13.82%.

Insider Activity

In related news, Director Laura Thompson sold 270 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the transaction, the director directly owned 10,720 shares of the company’s stock, valued at $3,949,784. This represents a 2.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Akash Khurana sold 3,400 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $366.78, for a total value of $1,247,052.00. Following the completion of the transaction, the executive vice president owned 27,404 shares of the company’s stock, valued at approximately $10,051,239.12. The trade was a 11.04% 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 Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System boosted its stake in shares of WESCO International by 34,555.8% in the second quarter. California State Teachers Retirement System now owns 19,529,576 shares of the technology company’s stock worth $6,746,101,000 after buying an additional 19,473,223 shares during the last quarter. BlackRock Inc. acquired a new position in shares of WESCO International in the 2nd quarter valued at $3,094,634,000. Bank of America Corp DE acquired a new stake in WESCO International during the second quarter valued at $296,304,000. Bank of New York Mellon Corp acquired a new stake in WESCO International in the second quarter valued at approximately $249,503,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in WESCO International in the 2nd quarter valued at $175,189,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

About WESCO International

WESCO International, Inc is a business-to-business distributor and supply chain solutions provider serving the electrical, communications, security, utility and broadband industries. The company supplies products such as electrical and electronic components, wire and cable, lighting, automation equipment, network infrastructure, security systems, safety products and utility equipment.

Through its distribution operations and supply chain services, WESCO helps commercial, industrial, institutional, utility and government customers manage procurement, inventory, logistics and other aspects of their operations.