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

Shares of WESCO International, Inc. (NYSE:WCC) have been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $276.00.

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Royal Bank Of Canada lifted their target price on shares of WESCO International from $316.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. KeyCorp set a $340.00 target price on shares of WESCO International in a report on Wednesday, February 11th. Barclays lifted their target price on shares of WESCO International from $302.00 to $313.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th.

Insider Buying and Selling at WESCO International

In other news, EVP Daniel J. Castillo bought 1,400 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were acquired at an average price of $266.06 per share, for a total transaction of $372,484.00. Following the completion of the transaction, the executive vice president directly owned 15,300 shares in the company, valued at $4,070,718. The trade was a 10.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane Lazzaris sold 2,747 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $302.61, for a total value of $831,269.67. Following the completion of the transaction, the executive vice president owned 28,865 shares in the company, valued at approximately $8,734,837.65. This trade represents a 8.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 20,114 shares of company stock valued at $6,128,353. 3.30% of the stock is owned by insiders.

Institutional Investors Weigh In On WESCO International

A number of hedge funds have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake 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 purchasing an additional 111,930 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of WESCO International by 1,674.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock worth $21,686,000 after buying an additional 83,650 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its stake in shares of WESCO International by 74.8% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after buying an additional 79,612 shares during the period. Davis Selected Advisers increased its stake in shares of WESCO International by 24.6% during the fourth quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock worth $89,172,000 after buying an additional 71,932 shares during the period. Finally, Azimuth Capital Investment Management LLC purchased a new stake in shares of WESCO International during the fourth quarter worth approximately $17,545,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Stock Performance

Shares of NYSE WCC opened at $299.66 on Friday. 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 12 month low of $142.14 and a 12 month high of $319.67. The company has a 50 day simple moving average of $283.02 and a two-hundred day simple moving average of $261.46. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 1.88 and a beta of 1.44.

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

WESCO International Increases Dividend

The business also recently declared 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%. The ex-dividend date of this dividend was Friday, March 13th. This is a boost from WESCO International’s previous quarterly dividend of $0.45. WESCO International’s payout ratio is presently 15.31%.

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.