WESCO International, Inc. (NYSE:WCC - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as $323.25 and last traded at $323.8450, with a volume of 53143 shares. The stock had previously closed at $307.87.
Wall Street Analyst Weigh In
Several analysts recently weighed in on WCC shares. JPMorgan Chase & Co. lifted their price target on WESCO International from $260.00 to $290.00 and gave the stock an "overweight" rating in a report on Friday, January 16th. Barclays upped their target price on WESCO International from $302.00 to $313.00 and gave the stock an "overweight" rating in a research report on Thursday, February 12th. Weiss Ratings downgraded shares of WESCO International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, April 6th. Wall Street Zen lowered shares of WESCO International from a "buy" rating to a "hold" rating in a research report on Saturday, January 17th. Finally, Royal Bank Of Canada raised their price target on WESCO International from $316.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $276.00.
Read Our Latest Research Report on WESCO International
WESCO International Stock Performance
The firm has a market cap of $15.48 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.44. The company has a 50 day simple moving average of $283.81 and a 200-day simple moving average of $264.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.20 and a quick ratio of 1.27.
WESCO International (NYSE:WCC - Get Free Report) last issued its earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.82 by ($0.42). The firm had revenue of $6.07 billion during the quarter, compared to analysts' expectations of $6.03 billion. WESCO International had a return on equity of 13.00% and a net margin of 2.72%.The firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.16 EPS. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. As a group, equities research analysts anticipate that WESCO International, Inc. will post 13.3 EPS for the current year.
WESCO International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 yield of 0.6%. This is a boost from WESCO International's previous quarterly dividend of $0.45. WESCO International's dividend payout ratio (DPR) is currently 15.31%.
Insider Activity
In related news, EVP Daniel J. Castillo bought 1,400 shares of the company's stock in a transaction that occurred on Tuesday, March 31st. The stock was bought at an average cost of $266.06 per share, for a total transaction of $372,484.00. Following the acquisition, the executive vice president directly owned 15,300 shares of the company's stock, valued at $4,070,718. The trade was a 10.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane Lazzaris sold 2,747 shares of WESCO International stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $302.61, for a total transaction of $831,269.67. Following the completion of the transaction, the executive vice president directly owned 28,865 shares in the company, valued at approximately $8,734,837.65. The trade was a 8.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,114 shares of company stock valued at $6,128,353 over the last 90 days. 3.30% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On WESCO International
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Greenleaf Trust grew its holdings in WESCO International by 1.6% in the fourth quarter. Greenleaf Trust now owns 2,646 shares of the technology company's stock worth $647,000 after purchasing an additional 41 shares during the period. Cornerstone Planning Group LLC grew its holdings in WESCO International by 92.7% in the fourth 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 period. Lazard Asset Management LLC grew its holdings in WESCO International by 1.4% in 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 period. Parallel Advisors LLC grew its holdings in WESCO International by 11.5% in the fourth quarter. Parallel Advisors LLC now owns 581 shares of the technology company's stock worth $142,000 after purchasing an additional 60 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in WESCO International by 6.3% in the third quarter. Farther Finance Advisors LLC now owns 1,340 shares of the technology company's stock worth $283,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors 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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