John Engel Sells 79,440 Shares of WESCO International (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) CEO John Engel sold 79,440 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $358.75, for a total value of $28,499,100.00. Following the completion of the transaction, the chief executive officer directly owned 478,946 shares of the company’s stock, valued at approximately $171,821,877.50. This trade represents a 14.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

WESCO International Stock Performance

Shares of NYSE WCC traded down $12.32 during trading on Thursday, reaching $350.80. 728,962 shares of the company traded hands, compared to its average volume of 599,470. 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. The stock has a market capitalization of $17.07 billion, a PE ratio of 24.93, a P/E/G ratio of 2.23 and a beta of 1.54. WESCO International, Inc. has a 52-week low of $160.14 and a 52-week high of $368.90.

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 the consensus estimate of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The company had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter last year, the company posted $2.21 earnings per share. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Equities research analysts anticipate that WESCO International, Inc. will post 15.7 earnings per share for the current year.

WESCO International Increases Dividend

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

Institutional Investors Weigh In On WESCO International

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Planning Group LLC raised its stake 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 purchasing an additional 51 shares during the period. Brown Brothers Harriman & Co. grew 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 buying an additional 83 shares in the last quarter. Rothschild Investment LLC grew 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 buying an additional 134 shares in the last quarter. Torren Management LLC bought a new stake in shares of WESCO International during the fourth quarter valued at approximately $32,000. Finally, Root Financial Partners LLC purchased a new position in shares of WESCO International in the third quarter worth $37,000. 93.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on WCC shares. Royal Bank Of Canada increased their target price on WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Barclays upped their price target on shares of WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research report on Monday. Stephens raised their price objective on shares of WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus 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.