WESCO International, Inc. (NYSE:WCC) Receives $341.22 Consensus Target Price from Analysts

Shares of WESCO International, Inc. (NYSE:WCC) have been given an average rating of “Buy” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $341.2222.

WCC has been the topic of several analyst reports. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Barclays upped their price objective on shares of WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, DA Davidson began 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.

Insider Buying and Selling

In other news, EVP Akash Khurana sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $359.13, for a total transaction of $1,436,520.00. Following the completion of the transaction, the executive vice president directly owned 30,775 shares in the company, valued at approximately $11,052,225.75. This represents a 11.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Diane Lazzaris sold 9,910 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $359.48, for a total transaction of $3,562,446.80. Following the sale, the executive vice president directly owned 19,611 shares of the company’s stock, valued at $7,049,762.28. The trade was a 33.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 144,486 shares of company stock worth $51,846,641 over the last 90 days. 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 modified their holdings of the stock. Cornerstone Planning Group LLC lifted its position in shares of WESCO International by 92.7% during 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 last quarter. Torren Management LLC acquired a new position in WESCO International in the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. increased its holdings in WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after buying an additional 83 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in WESCO International in the fourth quarter valued at about $39,000. Finally, V Square Quantitative Management LLC acquired a new stake in WESCO International during the fourth quarter valued at approximately $52,000. Institutional investors own 93.75% of the company’s stock.

WESCO International Stock Up 0.1%

Shares of NYSE:WCC opened at $330.91 on Friday. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13. WESCO International has a 52-week low of $197.96 and a 52-week high of $377.90. The company has a 50 day moving average of $345.21 and a two-hundred day moving average of $312.14. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.07 and a beta of 1.54.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.49. The business had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, analysts forecast that WESCO International will post 15.94 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 12th. WESCO International’s dividend payout ratio is presently 14.21%.

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.