WESCO International (NYSE:WCC) Price Target Raised to $437.00

WESCO International (NYSE:WCC) had its price target lifted by Barclays from $390.00 to $437.00 in a research note released on Monday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other equities analysts have also commented on the stock. 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 research note on Sunday, July 12th. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $350.00 to $400.00 in a report on Tuesday, July 14th. DA Davidson started coverage on shares of WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 target price on the stock. Finally, Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $402.83.

WESCO International Stock Performance

Shares of WCC opened at $351.56 on Monday. The stock’s 50-day simple moving average is $355.03 and its 200 day simple moving average is $341.59. The stock has a market capitalization of $17.13 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.16 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. WESCO International has a 52-week low of $211.47 and a 52-week high of $388.64.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $3.98 by $0.59. The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Research analysts forecast that WESCO International will post 16.77 EPS for the current fiscal year.

WESCO International Announces Dividend

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

Insider Buying and Selling at WESCO International

In other WESCO International news, EVP Daniel J. Castillo purchased 960 shares of the stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $365.89 per share, with a total value of $351,254.40. Following the acquisition, the executive vice president directly owned 16,305 shares in the company, valued at approximately $5,965,836.45. The trade was a 6.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the sale, the executive vice president owned 27,404 shares of the company’s stock, valued at approximately $10,051,239.12. This trade represents a 11.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On WESCO International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fortitude Family Office LLC lifted its holdings in shares of WESCO International by 142.4% during the 3rd quarter. Fortitude Family Office LLC now owns 160 shares of the technology company’s stock worth $58,000 after acquiring an additional 94 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in WESCO International in the third quarter worth $267,000. Krilogy Financial LLC grew its position in WESCO International by 33.2% in the third quarter. Krilogy Financial LLC now owns 7,696 shares of the technology company’s stock worth $2,781,000 after acquiring an additional 1,918 shares in the last quarter. Fragasso Financial Advisors Inc increased its stake in WESCO International by 2.7% in the third quarter. Fragasso Financial Advisors Inc now owns 1,603 shares of the technology company’s stock valued at $586,000 after acquiring an additional 42 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in WESCO International by 111.5% in the third quarter. NorthCrest Asset Manangement LLC now owns 2,413 shares of the technology company’s stock valued at $859,000 after acquiring an additional 1,272 shares during the last quarter. Hedge funds and other institutional investors 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.