WESCO International (NYSE:WCC) Share Price Passes Above 200-Day Moving Average – What’s Next?

WESCO International, Inc. (NYSE:WCC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $256.49 and traded as high as $269.59. WESCO International shares last traded at $265.6310, with a volume of 596,651 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WCC. Barclays increased their price target on shares of WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Royal Bank Of Canada lifted their price objective 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. JPMorgan Chase & Co. upped their target price on shares of WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $276.00.

WESCO International Stock Up 6.2%

The firm has a 50 day moving average price of $284.98 and a 200-day moving average price of $256.49. 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 firm has a market cap of $12.93 billion, a PE ratio of 20.34, a PEG ratio of 1.61 and a beta of 1.45.

WESCO International (NYSE:WCC) last released its 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 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%.The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.16 earnings per share. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. Research analysts forecast that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

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

Insider Buying and Selling at WESCO International

In other news, EVP Diane Lazzaris sold 2,747 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 28,865 shares in the company, valued at approximately $8,734,837.65. This trade represents a 8.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 20,114 shares of company stock valued at $6,128,353. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WESCO International

Large investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC raised 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 buying an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after acquiring an additional 83 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of 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 acquiring an additional 134 shares in the last quarter. Torren Management LLC purchased a new position in shares of WESCO International in the 4th quarter valued at about $32,000. Finally, Root Financial Partners LLC acquired a new stake in shares of WESCO International during the 3rd 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.