WESCO International (NYSE:WCC) Hits New 12-Month High – Should You Buy?

WESCO International, Inc. (NYSE:WCC) shares reached a new 52-week high on Wednesday . The company traded as high as $285.66 and last traded at $283.2310, with a volume of 111967 shares trading hands. The stock had previously closed at $276.16.

Analysts Set New Price Targets

WCC has been the topic of a number of analyst reports. Barclays lifted their target price on WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday. Royal Bank Of Canada raised shares of WESCO International from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $262.00 to $302.00 in a report on Wednesday, November 19th. JPMorgan Chase & Co. increased their target price on WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, KeyCorp lifted their price target on WESCO International from $258.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, WESCO International currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.50.

WESCO International Stock Performance

The firm’s 50-day simple moving average is $263.69 and its two-hundred day simple moving average is $234.48. The company has a current ratio of 2.09, a quick ratio of 1.20 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $13.94 billion, a PE ratio of 22.47, a PEG ratio of 1.84 and a beta of 1.45.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, October 30th. The technology company reported $3.92 EPS for the quarter, topping the consensus estimate of $3.75 by $0.17. The business had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $5.91 billion. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.WESCO International’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.58 earnings per share. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, equities research analysts expect that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.4538 per share. This represents a $1.82 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, December 12th. WESCO International’s dividend payout ratio (DPR) is currently 14.27%.

Insider Buying and Selling at WESCO International

In other WESCO International news, CAO Matthew S. Kulasa sold 790 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $253.18, for a total value of $200,012.20. Following the transaction, the chief accounting officer owned 3,320 shares in the company, valued at $840,557.60. The trade was a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christine Ann Wolf sold 4,685 shares of WESCO International stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total value of $1,215,851.20. Following the sale, the executive vice president owned 30,195 shares of the company’s stock, valued at approximately $7,836,206.40. This represents a 13.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 17,036 shares of company stock worth $4,385,254. 3.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in WESCO International by 13.4% during the 2nd quarter. Parallel Advisors LLC now owns 507 shares of the technology company’s stock valued at $94,000 after purchasing an additional 60 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of WESCO International by 38.7% in the second quarter. Public Employees Retirement System of Ohio now owns 82,957 shares of the technology company’s stock valued at $15,364,000 after buying an additional 23,164 shares in the last quarter. Greenleaf Trust increased its stake in shares of WESCO International by 10.0% in the second quarter. Greenleaf Trust now owns 2,597 shares of the technology company’s stock valued at $481,000 after buying an additional 237 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of WESCO International in the second quarter valued at about $75,136,000. Finally, New York State Teachers Retirement System lifted its position in WESCO International by 2.1% during the 2nd quarter. New York State Teachers Retirement System now owns 26,295 shares of the technology company’s stock worth $4,870,000 after buying an additional 539 shares in the last quarter. Institutional investors own 93.75% of the company’s stock.

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.