Akash Khurana Sells 3,400 Shares of WESCO International (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the transaction, the executive vice president owned 27,404 shares in the company, valued at approximately $10,051,239.12. This trade represents a 11.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

WESCO International Price Performance

NYSE WCC opened at $337.43 on Friday. WESCO International, Inc. has a 1 year low of $203.40 and a 1 year high of $385.37. The business’s fifty day moving average is $343.51 and its two-hundred day moving average is $322.46. The stock has a market capitalization of $16.44 billion, a P/E ratio of 23.32, a P/E/G ratio of 2.04 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.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion for 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 company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, research analysts forecast that WESCO International, Inc. will post 16.82 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is currently 13.82%.

Analysts Set New Price Targets

A number of research firms have commented on WCC. Royal Bank Of Canada upped their price objective on shares of WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. DA Davidson initiated coverage on shares of WESCO International in a research report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target for the company. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Finally, Barclays lifted their price objective on shares of WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat, WESCO International presently has an average rating of “Buy” and an average price target of $374.29.

Hedge Funds Weigh In On WESCO International

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of WESCO International during the second quarter worth approximately $3,094,634,000. Bank of America Corp DE acquired a new position in WESCO International in the 2nd quarter valued at approximately $296,304,000. Bank of New York Mellon Corp purchased a new stake in WESCO International in the 2nd quarter worth approximately $249,503,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in WESCO International in the 2nd quarter worth approximately $175,189,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of WESCO International during the 2nd quarter valued at $41,561,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Company Profile

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.