Christine Ann Wolf Sells 2,549 Shares of WESCO International (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) EVP Christine Ann Wolf sold 2,549 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $355.25, for a total value of $905,532.25. Following the completion of the transaction, the executive vice president directly owned 29,570 shares of the company’s stock, valued at approximately $10,504,742.50. This represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Christine Ann Wolf also recently made the following trade(s):

• On Tuesday, May 5th, Christine Ann Wolf sold 2,438 shares of WESCO International stock. The stock was sold at an average price of $351.16, for a total value of $856,128.08.

WESCO International Trading Down 3.4%

Shares of WCC traded down $12.32 during midday trading on Thursday, reaching $350.80. The company had a trading volume of 728,962 shares, compared to its average volume of 599,470. WESCO International, Inc. has a 1-year low of $160.14 and a 1-year high of $368.90. The stock has a market cap of $17.07 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.23 and a beta of 1.54. The firm has a 50 day simple moving average of $289.81 and a 200-day simple moving average of $274.72. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The business had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same period last year, the company earned $2.21 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Research analysts forecast that WESCO International, Inc. will post 15.7 EPS for the current fiscal year.

WESCO International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $0.50 dividend. This is a boost from WESCO International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International’s dividend payout ratio is 14.21%.

Hedge Funds Weigh In On WESCO International

A number of hedge funds have recently modified their holdings of WCC. Cornerstone Planning Group LLC boosted its holdings in WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Brown Brothers Harriman & Co. boosted its holdings 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 acquiring an additional 83 shares during the period. Rothschild Investment LLC boosted its holdings in WESCO International by 788.2% during the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after acquiring an additional 134 shares during the period. Torren Management LLC purchased a new position in WESCO International during the 4th quarter valued at about $32,000. Finally, Root Financial Partners LLC purchased a new position in WESCO International during the 3rd quarter valued at about $37,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Stephens raised their target price on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. increased their price target on WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, Royal Bank Of Canada increased their price target on WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, WESCO International currently has a consensus rating of “Buy” and an average target price of $321.38.

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.