WESCO International (NYSE:WCC) Reaches New 52-Week High – Time to Buy?

WESCO International, Inc. (NYSE:WCC) shares reached a new 52-week high on Tuesday. The stock traded as high as $387.00 and last traded at $381.6860, with a volume of 49015 shares traded. The stock had previously closed at $377.09.

Analyst Ratings Changes

Several research firms recently commented on WCC. Weiss Ratings cut WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. DA Davidson assumed coverage on WESCO International in a research note on Tuesday, June 16th. They set a “buy” rating and a $440.00 price target on the stock. Royal Bank Of Canada lifted their price objective on WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Finally, Barclays raised their target price on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, WESCO International presently has an average rating of “Buy” and a consensus target price of $394.17.

WESCO International Trading Up 2.9%

The business has a fifty day moving average price of $352.79 and a 200 day moving average price of $336.60. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. The firm has a market cap of $18.90 billion, a PE ratio of 26.80, a P/E/G ratio of 2.28 and a beta of 1.54.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the previous year, the company earned $3.83 earnings per share. WESCO International’s quarterly 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. Analysts forecast that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were paid a $0.50 dividend. The ex-dividend date was Friday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 0.5%. WESCO International’s payout ratio is currently 13.82%.

Insider Activity at WESCO International

In other news, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the sale, the director owned 10,720 shares of the company’s stock, valued at $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Akash Khurana sold 3,400 shares of the stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in WESCO International during the second quarter worth $3,094,634,000. Bank of America Corp DE purchased a new stake in WESCO International in the second quarter valued at approximately $296,304,000. Bank of New York Mellon Corp acquired a new position in WESCO International in the second quarter valued at $249,503,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of WESCO International in the 2nd quarter valued at about $175,189,000. Finally, Nykredit A S acquired a new stake in shares of WESCO International in the second quarter worth $154,034,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

WESCO International Company Profile

WESCO International, Inc is a global provider of electrical, communications, utility and supply chain solutions. Through its distribution and service operations, the company supplies products used in commercial, industrial, institutional, utility, data center, broadband and residential markets.

Its product offerings include electrical and electronic components, wire and cable, lighting and controls, network infrastructure, security and safety products, automation equipment, and general industrial supplies.