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

Shares of WESCO International, Inc. (NYSE:WCC) have been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $276.00.

Several research analysts have issued reports on WCC shares. JPMorgan Chase & Co. boosted their target price on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, January 21st. KeyCorp set a $340.00 price target on WESCO International in a research note on Wednesday, February 11th. Barclays upped their price objective on WESCO International from $302.00 to $313.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada increased their target price on WESCO International from $316.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th.

Insider Buying and Selling

In related news, EVP Diane Lazzaris sold 17,294 shares of WESCO International stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $305.00, for a total transaction of $5,274,670.00. Following the completion of the sale, the executive vice president owned 29,065 shares in the company, valued at $8,864,825. This trade represents a 37.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 20,114 shares of company stock valued at $6,128,353. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On WESCO International

A number of hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC raised its stake 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 valued at $26,000 after acquiring an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after purchasing an additional 83 shares in the last quarter. Rothschild Investment LLC increased its holdings in WESCO International by 788.2% during the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after purchasing an additional 134 shares during the period. Torren Management LLC purchased a new position in WESCO International during the 4th quarter worth $32,000. Finally, Root Financial Partners LLC bought a new stake in WESCO International during the 3rd quarter valued at $37,000. 93.75% of the stock is currently owned by institutional investors.

WESCO International Trading Down 0.6%

Shares of WCC opened at $256.08 on Monday. The company’s fifty day simple moving average is $286.33 and its 200-day simple moving average is $254.91. The company has a market cap of $12.46 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.65 and a beta of 1.45. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. WESCO International has a twelve month low of $125.21 and a twelve month high of $319.67.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 EPS for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.42). The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.03 billion. WESCO International had a return on equity of 13.00% and a net margin of 2.72%.During the same period in the prior year, the firm posted $3.16 earnings per share. WESCO International’s revenue for the quarter was up 10.3% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. As a group, analysts expect that WESCO International will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.50 dividend. The ex-dividend date is Friday, March 13th. This is a boost from WESCO International’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. WESCO International’s dividend payout ratio (DPR) is currently 15.31%.

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.