WESCO International (NYSE:WCC) Given New $274.00 Price Target at Barclays

WESCO International (NYSE:WCC) had its price objective boosted by Barclays from $258.00 to $274.00 in a research note published on Thursday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other equities analysts have also commented on WCC. Loop Capital boosted their target price on shares of WESCO International from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. raised their price target on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Oppenheimer boosted their price objective on shares of WESCO International from $225.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Royal Bank Of Canada upped their price objective on WESCO International from $222.00 to $262.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, WESCO International currently has an average rating of “Moderate Buy” and a consensus price target of $250.67.

WESCO International Trading Down 3.4%

Shares of WESCO International stock opened at $258.00 on Thursday. WESCO International has a 52-week low of $125.21 and a 52-week high of $268.27. The firm has a market capitalization of $12.55 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.77 and a beta of 1.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.09 and a quick ratio of 1.19. The company’s fifty day moving average price is $225.40 and its two-hundred day moving average price is $202.54.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.17. WESCO International had a return on equity of 12.96% and a net margin of 2.98%.The firm had revenue of $6.20 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period in the prior year, the company posted $3.58 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, analysts expect that WESCO International will post 13.3 EPS for the current year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were paid a $0.4538 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.82 dividend on an annualized basis and a yield of 0.7%. WESCO International’s payout ratio is presently 14.20%.

Insider Activity at WESCO International

In related news, CAO Matthew S. Kulasa sold 790 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total transaction of $200,012.20. Following the sale, the chief accounting officer directly owned 3,320 shares in the company, valued at $840,557.60. This trade represents a 19.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Diane Lazzaris sold 4,039 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $258.42, for a total transaction of $1,043,758.38. Following the completion of the sale, the executive vice president directly owned 45,401 shares in the company, valued at $11,732,526.42. This represents a 8.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 142,074 shares of company stock valued at $32,430,050 over the last three months. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WCC. Brown Brothers Harriman & Co. raised its holdings in shares of WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after purchasing an additional 83 shares during the last quarter. Rothschild Investment LLC increased its stake in WESCO International by 788.2% in the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after buying an additional 134 shares during the last quarter. Root Financial Partners LLC bought a new stake in WESCO International during the 3rd quarter worth about $37,000. Rossby Financial LCC boosted its stake in shares of WESCO International by 117.4% during the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock worth $43,000 after buying an additional 108 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of WESCO International by 129.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock valued at $43,000 after acquiring an additional 131 shares in the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

About WESCO International

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).