WESCO International (NYSE:WCC) Given New $304.00 Price Target at KeyCorp

WESCO International (NYSE:WCC) had its price target raised by KeyCorp from $300.00 to $304.00 in a research note published on Monday,Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.

A number of other equities research analysts have also recently commented on the stock. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Royal Bank Of Canada upgraded WESCO International from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $262.00 to $302.00 in a report on Wednesday, November 19th. JPMorgan Chase & Co. raised their price objective on WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, January 21st. Finally, Barclays raised their price target on WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $266.00.

WESCO International Stock Up 0.0%

WESCO International stock opened at $286.46 on Monday. The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18. The firm has a market cap of $13.94 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.82 and a beta of 1.45. The business has a fifty day moving average of $264.47 and a two-hundred day moving average of $235.60. WESCO International has a twelve month low of $125.21 and a twelve month high of $291.01.

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

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.4538 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International’s dividend payout ratio is presently 14.27%.

Insider Buying and Selling

In related news, EVP Christine Ann Wolf sold 4,685 shares of WESCO International stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $259.52, for a total transaction of $1,215,851.20. Following the completion of the transaction, the executive vice president directly owned 30,195 shares in the company, valued at approximately $7,836,206.40. This trade represents a 13.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew S. Kulasa sold 790 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total value of $200,012.20. Following the completion of the transaction, the chief accounting officer directly owned 3,320 shares of the company’s stock, valued at $840,557.60. The trade was a 19.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,036 shares of company stock valued at $4,385,254 over the last ninety days. Company insiders own 3.10% of the company’s stock.

Institutional Trading of WESCO International

Institutional investors and hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. acquired a new position in shares of WESCO International during the 2nd quarter worth approximately $75,136,000. River Road Asset Management LLC lifted its position in WESCO International by 56.0% during the second quarter. River Road Asset Management LLC now owns 605,918 shares of the technology company’s stock worth $112,216,000 after buying an additional 217,417 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in WESCO International by 19.5% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 686,630 shares of the technology company’s stock worth $145,222,000 after buying an additional 111,930 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in WESCO International by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 795,629 shares of the technology company’s stock worth $147,351,000 after buying an additional 36,843 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in WESCO International by 516.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock valued at $7,659,000 after buying an additional 34,649 shares in the last quarter. 93.75% of the stock is currently 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.