Brokerages Set WESCO International, Inc. (NYSE:WCC) Target Price at $334.56

Shares of WESCO International, Inc. (NYSE:WCC) have earned an average rating of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight 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 $334.5556.

A number of brokerages recently commented on WCC. Royal Bank Of Canada boosted their price objective on shares of WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. KeyCorp boosted their price objective on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Stephens boosted their price objective on shares of WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Barclays boosted their price objective on shares of WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th.

Insider Transactions at WESCO International

In related news, EVP Akash Khurana sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $359.13, for a total transaction of $1,436,520.00. Following the transaction, the executive vice president directly owned 30,775 shares in the company, valued at $11,052,225.75. The trade was a 11.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Hemant Porwal sold 4,445 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $363.21, for a total value of $1,614,468.45. Following the transaction, the executive vice president directly owned 16,618 shares in the company, valued at $6,035,823.78. This represents a 21.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 144,486 shares of company stock worth $51,846,641. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WESCO International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC boosted its stake in WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after purchasing an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after purchasing an additional 83 shares in the last quarter. Torren Management LLC purchased a new position in shares of WESCO International in the fourth quarter worth $32,000. Hilton Head Capital Partners LLC purchased a new position in shares of WESCO International in the fourth quarter worth $39,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of WESCO International during the fourth quarter worth $52,000. 93.75% of the stock is owned by hedge funds and other institutional investors.

WESCO International Stock Performance

Shares of NYSE:WCC opened at $347.31 on Wednesday. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.53. WESCO International has a 52 week low of $183.00 and a 52 week high of $377.90. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13. The firm has a 50 day moving average of $348.80 and a 200 day moving average of $302.68.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.49. The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. WESCO International’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, sell-side analysts predict that WESCO International will post 15.94 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, June 12th. WESCO International’s dividend payout ratio is currently 14.21%.

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.