Daniel Castillo Buys 1,400 Shares of WESCO International (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) EVP Daniel Castillo acquired 1,400 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were bought at an average cost of $266.06 per share, for a total transaction of $372,484.00. Following the transaction, the executive vice president directly owned 15,300 shares of the company’s stock, valued at approximately $4,070,718. This trade represents a 10.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

WESCO International Trading Down 0.1%

NYSE:WCC opened at $277.08 on Friday. WESCO International, Inc. has a 12-month low of $125.21 and a 12-month high of $319.67. The firm has a market cap of $13.48 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.78 and a beta of 1.44. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average price of $283.17 and a 200 day moving average price of $259.41.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.82 by ($0.42). The company 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%.WESCO International’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.16 EPS. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. Sell-side analysts anticipate that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.7%. This is a positive change from WESCO International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, March 13th. WESCO International’s dividend payout ratio is 15.31%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WCC shares. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. lifted their price objective on shares of WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Barclays boosted their target price on shares of WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. KeyCorp set a $340.00 target price on WESCO International in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada lifted their price target on WESCO International from $316.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $276.00.

Institutional Trading of WESCO International

Several institutional investors have recently modified their holdings of WCC. Cornerstone Planning Group LLC grew its position in shares of WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after buying an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after acquiring an additional 83 shares during the last quarter. Rothschild Investment LLC boosted its stake in WESCO International by 788.2% in the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after acquiring an additional 134 shares in the last quarter. Torren Management LLC acquired a new position in WESCO International in the fourth quarter valued at $32,000. Finally, Root Financial Partners LLC purchased a new position in shares of WESCO International during the third quarter worth about $37,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

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.