WESCO International, Inc. (NYSE:WCC) Receives Consensus Rating of “Buy” from Brokerages

by · The Markets Daily

WESCO International, Inc. (NYSE:WCC – Get Free Report) has received a consensus rating of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $374.2857.

A number of brokerages recently issued reports on WCC. Royal Bank Of Canada boosted 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. DA Davidson initiated coverage on shares of WESCO International in a research note on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price on the stock. KeyCorp lifted their price target on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Finally, Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th.

Get Our Latest Analysis on WCC

WESCO International Trading Down 1.6%

NYSE:WCC opened at $343.70 on Thursday. WESCO International has a one year low of $203.40 and a one year high of $385.37. The business has a fifty day moving average price of $343.62 and a 200-day moving average price of $322.12. The firm has a market capitalization of $16.75 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54. 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 (NYSE:WCC – Get Free Report) last released 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. The company had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.WESCO International’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Sell-side analysts forecast that WESCO International will post 16.82 EPS for the current year.

WESCO International Announces Dividend

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

Insiders Place Their Bets

In other WESCO International news, EVP Akash Khurana sold 3,400 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the sale, the executive vice president directly owned 27,404 shares of the company’s stock, valued at $10,051,239.12. This trade represents a 11.04% 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, Director Laura K. Thompson sold 270 shares of the firm’s 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 directly owned 10,720 shares in the company, valued at approximately $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. 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 during the period. Bell Investment Advisors Inc bought a new stake in shares of WESCO International during the second quarter valued at approximately $26,000. Transamerica Financial Advisors LLC purchased a new position in shares of WESCO International in the second quarter worth $27,000. Brown Brothers Harriman & Co. lifted its holdings in shares of WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after buying an additional 83 shares in the last quarter. Finally, Torren Management LLC bought a new position in shares of WESCO International during the fourth quarter worth $32,000. 93.75% of the stock is owned by hedge funds and other institutional investors.

About WESCO International

(Get Free Report)

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.

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