WESCO International, Inc. (NYSE:WCC) Receives $256.38 Average PT from Analysts

WESCO International, Inc. (NYSE:WCC) has been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $256.3750.

A number of equities analysts recently commented on the company. Oppenheimer increased their price objective on WESCO International from $225.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Royal Bank Of Canada upgraded shares of WESCO International from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $262.00 to $302.00 in a research note on Wednesday, November 19th. Wall Street Zen upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. lifted their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, October 8th.

Insider Activity at WESCO International

In other WESCO International news, EVP Christine Ann Wolf sold 4,685 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $259.52, for a total transaction of $1,215,851.20. Following the transaction, the executive vice president owned 30,195 shares in the company, valued at $7,836,206.40. This trade represents a 13.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matthew S. Kulasa sold 790 shares of WESCO International stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total transaction of $200,012.20. Following the completion of the transaction, the chief accounting officer directly owned 3,320 shares in the company, valued at approximately $840,557.60. This represents a 19.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 17,036 shares of company stock valued at $4,385,254. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Third Avenue Management LLC increased its stake in WESCO International by 35.6% during the second quarter. Third Avenue Management LLC now owns 20,093 shares of the technology company’s stock valued at $3,721,000 after acquiring an additional 5,271 shares during the period. Norman Fields Gottscho Capital Management LLC grew its holdings in shares of WESCO International by 112.7% during the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 13,785 shares of the technology company’s stock worth $2,916,000 after purchasing an additional 7,303 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of WESCO International by 51.1% during the 2nd quarter. Gabelli Funds LLC now owns 16,390 shares of the technology company’s stock worth $3,035,000 after purchasing an additional 5,540 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in shares of WESCO International during the second quarter valued at approximately $211,000. Finally, Rhumbline Advisers raised its stake in shares of WESCO International by 2.2% in the second quarter. Rhumbline Advisers now owns 122,030 shares of the technology company’s stock valued at $22,600,000 after purchasing an additional 2,665 shares in the last quarter. 93.75% of the stock is owned by institutional investors.

WESCO International Price Performance

Shares of NYSE:WCC opened at $251.99 on Wednesday. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.56 and a beta of 1.45. WESCO International has a 1 year low of $125.21 and a 1 year high of $279.04. The company has a current ratio of 2.09, a quick ratio of 1.20 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $256.06 and a 200 day simple moving average of $224.90.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, October 30th. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.17. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the previous year, the company posted $3.58 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. As a group, sell-side analysts predict that WESCO International will post 13.3 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.4538 per share. This represents a $1.82 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, December 12th. WESCO International’s dividend payout ratio is 14.27%.

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.