Brokerages Set WESCO International, Inc. (NYSE:WCC) PT at $374.29

WESCO International, Inc. (NYSE:WCC) has received an average rating of “Buy” from the nine analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $374.2857.

WCC has been the subject of several recent analyst reports. 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 report on Tuesday, July 14th. Weiss Ratings downgraded shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, DA Davidson assumed coverage on shares of WESCO International in a report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target for the company.

Insider Activity

In related news, Director Laura K. Thompson sold 270 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the transaction, the director directly owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This represents a 2.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Castillo purchased 960 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the acquisition, the executive vice president owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. This represents a 6.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On WESCO International

Institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of WESCO International in the 2nd quarter worth $3,094,634,000. Bank of New York Mellon Corp increased its stake in WESCO International by 10.3% during the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after purchasing an additional 84,905 shares in the last quarter. Geode Capital Management LLC increased its stake in WESCO International by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after purchasing an additional 14,739 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in WESCO International during the second quarter worth $175,189,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in WESCO International by 8.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock worth $110,742,000 after buying an additional 31,210 shares during the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

WESCO International Stock Up 0.6%

Shares of NYSE:WCC opened at $361.73 on Thursday. WESCO International has a 1 year low of $203.40 and a 1 year high of $385.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The business’s 50-day moving average is $343.19 and its 200-day moving average is $320.52. The company has a market capitalization of $17.63 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 2.15 and a beta of 1.54.

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

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were given a dividend of $0.50 per share. 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 13.82%.

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.