WESCO International, Inc. (NYSE:WCC) Stock Has Average Price Target of $394.17 According to Analysts

Shares of WESCO International, Inc. (NYSE:WCC) have been assigned a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $394.17.

Several research firms recently weighed in on WCC. Barclays upped their price objective on shares of WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Royal Bank Of Canada raised their price objective on shares of 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 WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price on the stock. Finally, Weiss Ratings downgraded WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st.

WESCO International Stock Performance

WCC opened at $355.45 on Friday. The business’s 50 day moving average is $355.23 and its 200-day moving average is $339.04. The stock has a market cap of $17.32 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 2.18 and a beta of 1.54. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. WESCO International has a twelve month low of $207.39 and a twelve month high of $388.64.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, analysts predict that WESCO International will post 16.77 earnings per share for the current year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, September 11th. WESCO International’s payout ratio is currently 13.82%.

Insider Activity

In other WESCO International news, EVP Daniel J. Castillo purchased 960 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the transaction, the executive vice president owned 16,305 shares in the company, valued at $5,965,836.45. The trade was a 6.26% increase in their ownership of the stock. The purchase 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 company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On WESCO International

Several hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. boosted its position in shares of WESCO International by 8.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock valued at $110,742,000 after purchasing an additional 31,210 shares during the period. Sequoia Financial Advisors LLC raised its holdings in WESCO International by 28.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,336 shares of the technology company’s stock worth $8,061,000 after buying an additional 5,224 shares during the period. BlackRock Inc. purchased a new stake in WESCO International during the second quarter valued at about $3,094,634,000. Engineers Gate Manager LP purchased a new stake in WESCO International during the second quarter valued at about $8,338,000. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of WESCO International by 74.8% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after buying an additional 79,612 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.

About WESCO International

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.