Shares of WESCO International, Inc. (NYSE:WCC - Get Free Report) have received an average rating of "Moderate Buy" from the eight brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $402.83.
WCC has been the topic of several analyst reports. Stephens upgraded WESCO International from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Zacks Research cut WESCO International from a "strong-buy" rating to a "hold" rating in a report on Monday, October 19th. Wall Street Zen upgraded WESCO International from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays boosted their price target on WESCO International from $390.00 to $437.00 and gave the company an "overweight" rating in a research note on Monday, October 12th. Finally, Weiss Ratings lowered WESCO International from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday.
Read Our Latest Analysis on WESCO International
Insider Buying and Selling at WESCO International
In other news, Director Laura Thompson sold 270 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the sale, the director owned 10,720 shares in the company, valued at approximately $3,949,784. The trade was a 2.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Akash Khurana sold 3,400 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the sale, the executive vice president owned 27,404 shares in the company, valued at $10,051,239.12. This represents a 11.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.60% of the company's stock.
Hedge Funds Weigh In On WESCO International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversify Advisory Services LLC raised its holdings in shares of WESCO International by 5.0% in the third quarter. Diversify Advisory Services LLC now owns 672 shares of the technology company's stock valued at $233,000 after purchasing an additional 32 shares during the last quarter. Trust Point Inc. lifted its position in shares of WESCO International by 4.5% in the second quarter. Trust Point Inc. now owns 771 shares of the technology company's stock worth $266,000 after purchasing an additional 33 shares in the last quarter. Sheets Smith Wealth Management lifted its position in shares of WESCO International by 2.2% in the second quarter. Sheets Smith Wealth Management now owns 1,565 shares of the technology company's stock worth $541,000 after purchasing an additional 34 shares in the last quarter. Fragasso Financial Advisors Inc lifted its position in shares of WESCO International by 2.7% in the third quarter. Fragasso Financial Advisors Inc now owns 1,603 shares of the technology company's stock worth $586,000 after purchasing an additional 42 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in WESCO International by 70.3% during the third quarter. Elevation Wealth Partners LLC now owns 109 shares of the technology company's stock worth $39,000 after purchasing an additional 45 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors and hedge funds.
WESCO International Trading Up 3.9%
Shares of WCC stock opened at $330.44 on Tuesday. WESCO International has a 52-week low of $219.62 and a 52-week high of $388.64. The stock has a market cap of $16.10 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.90 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. The firm has a fifty day moving average of $350.77 and a 200-day moving average of $325.41.
WESCO International (NYSE:WCC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities research analysts forecast that WESCO International will post 16.77 earnings per share for the current fiscal year.
WESCO International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International's dividend payout ratio (DPR) is presently 13.82%.
WESCO International Company Profile
(
Get Free Report)
WESCO International, Inc is a business-to-business provider of electrical, communications, security, and supply chain solutions. The company distributes products used in electrical and electronic systems, including wire and cable, lighting, circuit protection, automation and control equipment, data communications infrastructure, security products, and other electrical and industrial supplies.
WESCO serves a broad range of customers, including electrical and data communications contractors, industrial companies, original equipment manufacturers, utilities, commercial and institutional businesses, government entities, and telecommunications providers.
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