WESCO International (NYSE:WCC) Director Sells $99,481.50 in Stock

WESCO International, Inc. (NYSE:WCC) Director Laura Thompson sold 270 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was 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 in the company, valued at $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

WESCO International Trading Up 0.6%

Shares of NYSE WCC opened at $361.73 on Friday. WESCO International, Inc. has a 1 year low of $203.40 and a 1 year high of $385.37. The stock has a market cap of $17.63 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 2.15 and a beta of 1.54. The firm has a 50-day moving average of $343.19 and a 200 day moving average of $320.52. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23.

WESCO International (NYSE:WCC) last announced its quarterly earnings data 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. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the prior year, the company earned $3.83 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, sell-side analysts expect that WESCO International, Inc. will post 16.82 EPS for the current fiscal year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, June 12th. WESCO International’s dividend payout ratio (DPR) is presently 13.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of WESCO International by 95.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock valued at $139,000 after purchasing an additional 368 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of WESCO International in the second quarter worth approximately $573,000. California State Teachers Retirement System boosted its holdings in shares of WESCO International by 0.8% in the second quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock worth $8,446,000 after buying an additional 365 shares during the last quarter. BNP Paribas Financial Markets grew its position in WESCO International by 516.8% during the second quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock valued at $7,659,000 after buying an additional 34,649 shares during the period. Finally, Lazard Asset Management LLC grew its position in WESCO International by 1.4% during the second 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 during the period. 93.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WCC has been the topic of several research analyst reports. Weiss Ratings cut shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Royal Bank Of Canada boosted their price objective on shares of WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $374.29.

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.