WESCO International (NYSE:WCC) EVP Daniel Castillo Buys 960 Shares of Stock

WESCO International, Inc. (NYSE:WCC) EVP Daniel Castillo bought 960 shares of the stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the purchase, the executive vice president directly owned 16,305 shares in the company, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

WESCO International Stock Down 0.4%

WCC stock opened at $372.78 on Thursday. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 2.22 and a beta of 1.54. WESCO International, Inc. has a fifty-two week low of $201.35 and a fifty-two week high of $383.26. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. The stock has a fifty day moving average of $343.08 and a 200-day moving average of $316.78.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, topping 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 company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities research analysts predict that WESCO International, Inc. will post 16.82 earnings per share for the current year.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, June 12th. WESCO International’s payout ratio is presently 13.82%.

Hedge Funds Weigh In On WESCO International

Large investors have recently modified their holdings of the stock. Trust Point Inc. raised its holdings in WESCO International by 4.5% in the 2nd quarter. Trust Point Inc. now owns 771 shares of the technology company’s stock worth $266,000 after purchasing an additional 33 shares during the period. Greenleaf Trust increased its position in WESCO International by 1.6% in the fourth quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock worth $647,000 after buying an additional 41 shares in the last quarter. Cornerstone Planning Group LLC increased its position in WESCO International by 92.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after buying an additional 51 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of WESCO International by 2.4% in the first quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock worth $606,000 after buying an additional 51 shares during the period. Finally, Lazard Asset Management LLC lifted its position in shares of WESCO International by 1.4% during the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on WCC shares. Royal Bank Of Canada boosted their target price on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research 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 Friday, July 31st. DA Davidson started coverage on WESCO International in a research note on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective for the company. KeyCorp raised their target price on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Stephens upgraded shares of 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 report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $374.29.

About WESCO International

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.