Diane Lazzaris Sells 17,294 Shares of WESCO International (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) EVP Diane Lazzaris sold 17,294 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $305.00, for a total value of $5,274,670.00. Following the completion of the transaction, the executive vice president directly owned 29,065 shares of the company’s stock, valued at approximately $8,864,825. This represents a 37.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Diane Lazzaris also recently made the following trade(s):

• On Wednesday, February 18th, Diane Lazzaris sold 2,747 shares of WESCO International stock. The stock was sold at an average price of $302.61, for a total transaction of $831,269.67.

WESCO International Price Performance

Shares of NYSE WCC opened at $300.05 on Friday. The firm has a 50-day simple moving average of $277.14 and a 200-day simple moving average of $246.70. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.94 and a beta of 1.45. WESCO International, Inc. has a 52 week low of $125.21 and a 52 week high of $319.67.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 13.00% and a net margin of 2.72%.The business’s revenue was up 10.3% compared to the same quarter last year. 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. On average, equities analysts predict that WESCO International, Inc. will post 13.3 earnings per share 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. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.82 dividend on an annualized basis and a yield of 0.6%. WESCO International’s payout ratio is 13.94%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Greenleaf Trust lifted its stake in shares of WESCO International by 1.6% during the 4th quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock worth $647,000 after purchasing an additional 41 shares during the period. Cornerstone Planning Group LLC increased its stake in WESCO International by 92.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Lazard Asset Management LLC lifted its position in WESCO International by 1.4% during the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after buying an additional 54 shares during the period. Parallel Advisors LLC boosted its stake in WESCO International by 11.5% in the 4th quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after buying an additional 60 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in WESCO International by 6.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,340 shares of the technology company’s stock valued at $283,000 after buying an additional 79 shares during the period. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WCC. Barclays raised their target price on WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Royal Bank Of Canada lifted their target price on shares of WESCO International from $316.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. KeyCorp set a $340.00 target price on shares of WESCO International in a report on Wednesday, February 11th. Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. upped their price objective on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, January 16th. One 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $276.00.

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.