Brokerages Set WESCO International, Inc. (NYSE:WCC) Target Price at $394.17

Shares of WESCO International, Inc. (NYSE:WCC) have been given a consensus rating of “Buy” by the eight research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $394.1667.

A number of equities research analysts have weighed in on WCC shares. Weiss Ratings lowered WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Royal Bank Of Canada increased their price target on shares of WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, DA Davidson assumed coverage on shares of WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price on the stock.

WESCO International Stock Down 1.2%

Shares of NYSE:WCC opened at $355.83 on Monday. The firm has a 50 day simple moving average of $341.57 and a 200-day simple moving average of $326.68. WESCO International has a twelve month low of $203.40 and a twelve month high of $385.37. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $17.34 billion, a PE ratio of 24.59, a P/E/G ratio of 2.13 and a beta of 1.53.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The business had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the previous year, the firm earned $3.83 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities analysts predict that WESCO International will post 16.89 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s payout ratio is currently 13.82%.

Insider Activity

In other news, EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction 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 of the company’s stock, valued at $10,051,239.12. The trade was a 11.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Laura Thompson sold 270 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the sale, the director directly owned 10,720 shares in the company, valued at approximately $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. increased its position 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of WESCO International by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after acquiring an additional 14,739 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of WESCO International during the second quarter valued at $3,094,634,000. Van Lanschot Kempen Investment Management N.V. increased its position in WESCO International by 74.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after purchasing an additional 79,612 shares in the last quarter. Finally, Algert Global LLC raised its stake in WESCO International by 103.3% in the 2nd quarter. Algert Global LLC now owns 65,146 shares of the technology company’s stock valued at $22,503,000 after purchasing an additional 33,109 shares during the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.

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.