WESCO International (NYSE:WCC) CEO Sells $28,499,100.00 in Stock

Key Points

• CEO John Engel sold 79,440 shares for $28,499,100 at an average price of $358.75, reducing his stake by 14.23% to 478,946 shares valued at about $171.8 million.
• WESCO beat quarterly expectations, reporting $3.37 EPS (vs. $2.88 expected) and $6.08 billion in revenue (up 13.8% YoY), and set FY2026 guidance of $15.00–$17.00 EPS while analysts raised price targets and maintain a consensus "Buy".
• WESCO increased its quarterly dividend to $0.50 ($2.00 annualized) for a yield of 0.6% and a dividend payout ratio of about 14.2%.

WESCO International, Inc. (NYSE:WCC - Get Free Report) CEO John Engel sold 79,440 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $358.75, for a total transaction of $28,499,100.00. Following the completion of the transaction, the chief executive officer directly owned 478,946 shares in the company, valued at approximately $171,821,877.50. This represents a 14.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

WESCO International Stock Performance

NYSE WCC traded down $12.32 during trading on Thursday, reaching $350.80. The company's stock had a trading volume of 728,962 shares, compared to its average volume of 599,470. 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 firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 2.23 and a beta of 1.54. WESCO International, Inc. has a 12 month low of $160.14 and a 12 month high of $368.90. The firm has a 50 day moving average price of $289.81 and a 200 day moving average price of $274.72.

WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter in the prior year, the firm posted $2.21 EPS. The firm's quarterly revenue was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, equities analysts anticipate that WESCO International, Inc. will post 15.7 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from WESCO International's previous quarterly dividend of $0.45. WESCO International's dividend payout ratio (DPR) is presently 14.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WCC. Royal Bank Of Canada increased their target price on WESCO International from $352.00 to $411.00 and gave the stock an "outperform" rating in a report on Friday, May 1st. KeyCorp upped their target price on shares of WESCO International from $340.00 to $415.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Stephens lifted their price target on WESCO International from $275.00 to $350.00 and gave the company an "equal weight" rating in a research note on Monday. Weiss Ratings upgraded WESCO International from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. Finally, Barclays increased their price target on WESCO International from $313.00 to $375.00 and gave the company an "overweight" rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $321.38.

Institutional Investors Weigh In On WESCO International

Several hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. raised its stake in WESCO International by 2.4% during the first quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company's stock valued at $606,000 after buying an additional 51 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of WESCO International by 10.3% in the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company's stock worth $248,303,000 after purchasing an additional 84,905 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in WESCO International by 3.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 14,878 shares of the technology company's stock worth $4,071,000 after purchasing an additional 500 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new stake in WESCO International during the 1st quarter valued at about $61,000. Finally, DGS Capital Management LLC bought a new stake in WESCO International during the 1st quarter valued at about $225,000. 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.

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