WESCO International, Inc. (NYSE:WCC) Given Average Rating of "Buy" by Brokerages

Key Points

• Analysts maintain a bullish view: Nine firms give WESCO International an average “Buy” rating, with a consensus 12-month price target of approximately $374.29. Recent targets range as high as $440.
• Quarterly results exceeded expectations: WESCO reported adjusted EPS of $4.57 versus the $3.98 consensus estimate, while revenue reached $6.67 billion and increased 13% year over year.
• Shareholders received continued income: The company paid a quarterly dividend of $0.50 per share, equivalent to a $2.00 annualized payout and a 0.5% yield; an executive also purchased roughly $351,000 of company stock.

Shares of WESCO International, Inc. (NYSE:WCC - Get Free Report) have received an average rating of "Buy" from the nine research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $374.2857.

Several analysts recently issued reports on WCC shares. Weiss Ratings cut shares of WESCO International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Stephens upgraded WESCO International from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $350.00 to $400.00 in a report on Tuesday, July 14th. KeyCorp upped their price target on WESCO International from $340.00 to $415.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. DA Davidson initiated coverage on WESCO International in a report on Tuesday, June 16th. They issued a "buy" rating and a $440.00 price target for the company. Finally, Royal Bank Of Canada lifted their price objective on WESCO International from $421.00 to $430.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st.

WESCO International Stock Performance

NYSE WCC opened at $365.53 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The stock's 50 day simple moving average is $343.13 and its 200-day simple moving average is $319.72. The company has a market cap of $17.81 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 2.18 and a beta of 1.54. WESCO International has a 1-year low of $203.40 and a 1-year high of $385.37.

WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $3.98 by $0.59. The firm 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% on a year-over-year basis. During the same period in the previous year, the business earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities research analysts anticipate that WESCO International will post 16.82 EPS for the current fiscal year.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 dividend yield of 0.5%. WESCO International's dividend payout ratio (DPR) is 13.82%.

Insider Activity at WESCO International

In related news, EVP Daniel J. Castillo purchased 960 shares of WESCO International stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the acquisition, the executive vice president directly owned 16,305 shares in the company, valued at approximately $5,965,836.45. The trade was a 6.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WESCO International

Several hedge funds and other institutional investors have recently bought and sold shares of WCC. Trust Point Inc. raised its stake in WESCO International by 4.5% during the 2nd quarter. Trust Point Inc. now owns 771 shares of the technology company's stock worth $266,000 after acquiring an additional 33 shares in the last quarter. Cornerstone Planning Group LLC grew its position in WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company's stock worth $26,000 after purchasing an additional 51 shares during the last quarter. Bessemer Group Inc. increased its position in WESCO International by 2.4% in the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company's stock valued at $606,000 after acquiring an additional 51 shares during the period. Lazard Asset Management LLC raised its stake in shares of WESCO International by 1.4% during the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company's stock worth $740,000 after purchasing an additional 54 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in WESCO International by 11.5% in the 4th quarter. Parallel Advisors LLC now owns 581 shares of the technology company's stock valued at $142,000 after buying an additional 60 shares during the last quarter. 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.

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