WESCO International, Inc. (NYSE:WCC) Receives $341.22 Average Price Target from Analysts

WESCO International, Inc. (NYSE:WCC) has been assigned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $341.2222.

A number of research analysts have recently issued reports on WCC shares. Royal Bank Of Canada boosted their target price on WESCO International from $411.00 to $421.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. KeyCorp increased their price target on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. DA Davidson initiated coverage on shares of WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price objective on the stock. Finally, Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th.

Insider Activity

In other WESCO International news, CEO John Engel sold 79,440 shares of WESCO International stock in a transaction that occurred on 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 sale, the chief executive officer owned 478,946 shares of the company’s stock, valued at approximately $171,821,877.50. The trade was a 14.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akash Khurana sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $359.13, for a total value of $1,436,520.00. Following the transaction, the executive vice president owned 30,775 shares in the company, valued at $11,052,225.75. The trade was a 11.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 144,486 shares of company stock valued at $51,846,641 over the last ninety days. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of WESCO International

Several hedge funds have recently modified their holdings of the business. Cornerstone Planning Group LLC grew its holdings in WESCO International by 92.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after acquiring an additional 51 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in WESCO International by 166.0% in the third 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. Torren Management LLC acquired a new stake in WESCO International in the fourth quarter valued at $32,000. Hilton Head Capital Partners LLC purchased a new stake in shares of WESCO International during the 4th quarter worth $39,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of WESCO International during the 4th quarter worth $52,000. 93.75% of the stock is owned by institutional investors and hedge funds.

WESCO International Stock Performance

NYSE WCC opened at $329.06 on Friday. 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 has a 52-week low of $197.96 and a 52-week high of $377.90. The business’s 50-day moving average price is $346.63 and its 200 day moving average price is $310.97. The firm has a market cap of $16.03 billion, a P/E ratio of 23.39, a P/E/G ratio of 2.00 and a beta of 1.54.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, beating the consensus estimate of $2.88 by $0.49. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The firm had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same period in the prior year, the business earned $2.21 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, equities research analysts expect that WESCO International will post 15.94 earnings per share for the current year.

WESCO International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, June 12th. WESCO International’s payout ratio is 14.21%.

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.