WESCO International, Inc. (NYSE:WCC - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $360.00 and last traded at $358.0660, with a volume of 43919 shares changing hands. The stock had previously closed at $350.59.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on WCC. JPMorgan Chase & Co. upped their price target on WESCO International from $260.00 to $290.00 and gave the company an "overweight" rating in a report on Friday, January 16th. Weiss Ratings upgraded shares of WESCO International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday. Royal Bank Of Canada lifted their price objective on shares of WESCO International from $352.00 to $411.00 and gave the stock an "outperform" rating in a research report on Friday, May 1st. Wall Street Zen cut shares of WESCO International from a "buy" rating to a "hold" rating in a research report on Saturday, January 17th. Finally, Stephens lifted their price objective on shares of WESCO International from $275.00 to $350.00 and gave the stock an "equal weight" rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $321.38.
Check Out Our Latest Report on WCC
WESCO International Stock Performance
The firm's fifty day moving average price is $288.27 and its 200 day moving average price is $273.71. 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 $17.49 billion, a PE ratio of 25.55, a PEG ratio of 2.21 and a beta of 1.54.
WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, beating the consensus estimate of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The business had revenue of $6.08 billion for the quarter, compared to analysts' expectations of $5.86 billion. During the same period in the previous year, the company posted $2.21 EPS. WESCO International's 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. On average, research analysts anticipate that WESCO International, Inc. will post 15.7 earnings per share for the current year.
WESCO International Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, March 13th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. This is an increase from WESCO International's previous quarterly dividend of $0.45. WESCO International's dividend payout ratio is presently 14.21%.
Insider Buying and Selling at WESCO International
In other news, EVP Diane Lazzaris sold 17,294 shares of the business's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $305.00, for a total transaction of $5,274,670.00. Following the transaction, the executive vice president directly owned 29,065 shares in the company, valued at $8,864,825. The trade was a 37.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Castillo purchased 1,400 shares of the stock in a transaction dated Tuesday, March 31st. The shares were bought at an average price of $266.06 per share, for a total transaction of $372,484.00. Following the completion of the acquisition, the executive vice president owned 15,300 shares in the company, valued at $4,070,718. This represents a 10.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 20,114 shares of company stock worth $6,128,353. 2.60% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On WESCO International
Several institutional investors and hedge funds have recently modified their holdings of the business. Greenleaf Trust lifted its stake in shares of WESCO International by 1.6% in the 4th quarter. Greenleaf Trust now owns 2,646 shares of the technology company's stock valued at $647,000 after purchasing an additional 41 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company's stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of 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 purchasing an additional 51 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of WESCO International by 1.4% in the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company's stock valued at $740,000 after purchasing an additional 54 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of 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 purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company's stock.
WESCO International Company Profile
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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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