Laura Thompson Sells 270 Shares of WESCO International (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) Director Laura Thompson sold 270 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the sale, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This represents a 2.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

WESCO International Stock Performance

Shares of WCC stock opened at $361.73 on Friday. The stock has a fifty day moving average price of $343.19 and a 200 day moving average price of $320.52. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. The stock has a market cap of $17.63 billion, a PE ratio of 25.00, a P/E/G ratio of 2.14 and a beta of 1.54. WESCO International, Inc. has a 1 year low of $203.40 and a 1 year high of $385.37.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the company earned $3.83 earnings per share. WESCO International’s revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Sell-side analysts forecast that WESCO International, Inc. will post 16.82 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, June 12th. WESCO International’s dividend payout ratio is presently 13.82%.

Institutional Investors Weigh In On WESCO International

Several hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of WESCO International by 95.6% in the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock valued at $139,000 after buying an additional 368 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in WESCO International in the 2nd quarter worth approximately $573,000. California State Teachers Retirement System grew its stake in WESCO International by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock worth $8,446,000 after acquiring an additional 365 shares during the period. BNP Paribas Financial Markets raised its holdings in WESCO International by 516.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock valued at $7,659,000 after acquiring an additional 34,649 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in WESCO International by 1.4% in the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after acquiring an additional 54 shares during the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WCC has been the topic of several recent research reports. DA Davidson started coverage on shares of WESCO International in a report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target on the stock. Royal Bank Of Canada raised their price objective on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. Barclays upped their target price on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings downgraded WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. One 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $374.29.

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.