WESCO International, Inc. (NYSE:WCC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of WESCO International, Inc. (NYSE:WCC) have been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $265.50.

WCC has been the subject of several recent analyst reports. Royal Bank Of Canada upgraded WESCO International from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $262.00 to $302.00 in a research note on Wednesday, November 19th. JPMorgan Chase & Co. increased their price target on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday. Finally, KeyCorp increased their target price on WESCO International from $258.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st.

WESCO International Stock Down 1.3%

NYSE WCC opened at $286.46 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18. WESCO International has a fifty-two week low of $125.21 and a fifty-two week high of $291.01. The business has a 50 day moving average price of $263.69 and a two-hundred day moving average price of $234.75. The stock has a market cap of $13.94 billion, a PE ratio of 22.47, a P/E/G ratio of 1.82 and a beta of 1.45.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.17. The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $5.91 billion. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.58 earnings per share. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. As a group, sell-side analysts predict that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.4538 per share. This represents a $1.82 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, December 12th. WESCO International’s dividend payout ratio is 14.20%.

Insiders Place Their Bets

In related news, EVP Diane Lazzaris sold 7,522 shares of WESCO International stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $256.00, for a total value of $1,925,632.00. Following the completion of the transaction, the executive vice president directly owned 45,401 shares in the company, valued at approximately $11,622,656. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christine Ann Wolf sold 4,685 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the sale, the executive vice president directly owned 30,195 shares of the company’s stock, valued at approximately $7,836,206.40. This represents a 13.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 17,036 shares of company stock valued at $4,385,254 in the last ninety days. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WESCO International

Institutional investors have recently modified their holdings of the business. Greenleaf Trust boosted its holdings in shares of WESCO International by 10.0% during the second quarter. Greenleaf Trust now owns 2,597 shares of the technology company’s stock valued at $481,000 after acquiring an additional 237 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in WESCO International in the 2nd quarter valued at about $75,136,000. New York State Teachers Retirement System boosted its stake in WESCO International by 2.1% during the 2nd quarter. New York State Teachers Retirement System now owns 26,295 shares of the technology company’s stock valued at $4,870,000 after purchasing an additional 539 shares during the period. Applied Finance Capital Management LLC bought a new position in WESCO International in the 2nd quarter worth about $227,000. Finally, Foster & Motley Inc. bought a new position in WESCO International in the 2nd quarter worth about $375,000. Institutional investors own 93.75% of the company’s stock.

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.