Analysts Set WESCO International, Inc. (NYSE:WCC) PT at $394.17

Shares of WESCO International, Inc. (NYSE:WCC) have earned a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $394.1667.

A number of equities analysts have weighed in on WCC shares. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Royal Bank Of Canada boosted their price objective on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Weiss Ratings cut shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Finally, Barclays raised their target price on shares of WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd.

Insider Transactions at WESCO International

In related news, Director Laura K. Thompson sold 270 shares of the stock in a transaction 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 transaction, the director owned 10,720 shares of the company’s stock, valued at $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $366.78, for a total value of $1,247,052.00. Following the sale, the executive vice president directly owned 27,404 shares of the company’s stock, valued at approximately $10,051,239.12. This trade represents a 11.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WESCO International

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in WESCO International by 95.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock worth $139,000 after buying an additional 368 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of WESCO International during the second quarter worth approximately $573,000. California State Teachers Retirement System lifted its holdings in shares of 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 last quarter. BNP Paribas Financial Markets lifted its holdings in shares of WESCO International by 516.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after acquiring an additional 34,649 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of 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 purchasing an additional 54 shares in the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.

WESCO International Stock Up 3.8%

Shares of NYSE:WCC opened at $357.07 on Monday. The firm has a fifty day moving average price of $343.25 and a two-hundred day moving average price of $327.22. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. WESCO International has a one year low of $203.40 and a one year high of $385.37. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.04 and a beta of 1.53.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The firm had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Analysts anticipate that WESCO International will post 16.89 EPS for the current fiscal year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is 13.82%.

WESCO International Company Profile

WESCO International, Inc is a business-to-business distributor and supply chain solutions provider serving the electrical, communications, security, utility and broadband industries. The company supplies products such as electrical and electronic components, wire and cable, lighting, automation equipment, network infrastructure, security systems, safety products and utility equipment.

Through its distribution operations and supply chain services, WESCO helps commercial, industrial, institutional, utility and government customers manage procurement, inventory, logistics and other aspects of their operations.