WESCO International, Inc. (NYSE:WCC) Given Average Recommendation of “Buy” by Brokerages

Shares of WESCO International, Inc. (NYSE:WCC) have received a consensus rating of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $341.2222.

Several equities analysts recently weighed in on WCC shares. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Royal Bank Of Canada lifted their price target on WESCO International from $411.00 to $421.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. DA Davidson started coverage on shares of WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price for the company. 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 0.5%

WCC stock opened at $332.40 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 1.13. The company’s 50-day moving average price is $344.69 and its 200 day moving average price is $312.28. WESCO International has a 52 week low of $197.96 and a 52 week high of $377.90. The company has a market cap of $16.19 billion, a P/E ratio of 23.62, a P/E/G ratio of 2.09 and a beta of 1.54.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. The company had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, research analysts expect that WESCO International will post 15.94 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. WESCO International’s dividend payout ratio is presently 14.21%.

Insider Activity at WESCO International

In other news, CFO David S. Schulz sold 31,951 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $360.44, for a total value of $11,516,418.44. Following the sale, the chief financial officer directly owned 77,038 shares in the company, valued at $27,767,576.72. This represents a 29.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane Lazzaris sold 9,910 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $359.48, for a total value of $3,562,446.80. Following the sale, the executive vice president directly owned 19,611 shares in the company, valued at approximately $7,049,762.28. The trade was a 33.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 144,486 shares of company stock valued at $51,846,641 in the last ninety days. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in WESCO International by 10.3% in the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after purchasing an additional 84,905 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of WESCO International by 1,674.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock worth $21,686,000 after acquiring an additional 83,650 shares during the period. Van Lanschot Kempen Investment Management N.V. boosted its position 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. Davis Selected Advisers grew its holdings in WESCO International by 24.6% in the fourth quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock valued at $89,172,000 after purchasing an additional 71,932 shares during the period. Finally, Azimuth Capital Investment Management LLC acquired a new position in WESCO International during the fourth quarter worth approximately $17,545,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

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.