Analysts Set WESCO International, Inc. (NYSE:WCC) PT at $265.50

WESCO International, Inc. (NYSE:WCC) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $266.00.

Several research analysts have recently weighed in on WCC shares. JPMorgan Chase & Co. lifted their target price on shares of WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, January 21st. KeyCorp increased their target price on WESCO International from $300.00 to $304.00 and gave the company an “overweight” rating in a report on Monday. Barclays lifted their price target on WESCO International from $274.00 to $302.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Finally, Royal Bank Of Canada upgraded WESCO International from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $262.00 to $302.00 in a research report on Wednesday, November 19th.

Insider Buying and Selling

In other news, EVP Christine Ann Wolf sold 4,685 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $259.52, for a total transaction of $1,215,851.20. Following the completion of the sale, the executive vice president directly owned 30,195 shares of the company’s stock, valued at $7,836,206.40. This trade represents a 13.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane Lazzaris sold 4,039 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $258.42, for a total value of $1,043,758.38. Following the completion of the transaction, the executive vice president owned 45,401 shares in the company, valued at $11,732,526.42. This represents a 8.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 17,036 shares of company stock worth $4,385,254. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On WESCO International

Institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. boosted its holdings in shares of WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after buying an additional 83 shares during the period. Rothschild Investment LLC raised its holdings in WESCO International by 788.2% in the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after acquiring an additional 134 shares during the period. Root Financial Partners LLC acquired a new position in WESCO International during the 3rd quarter worth $37,000. First Horizon Advisors Inc. boosted its holdings in WESCO International by 129.7% during the second quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock valued at $43,000 after acquiring an additional 131 shares during the period. Finally, Rossby Financial LCC grew its position in shares of WESCO International by 117.4% in the third quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock valued at $43,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 93.75% of the company’s stock.

WESCO International Stock Performance

WCC opened at $287.78 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18. The firm has a market cap of $14.00 billion, a PE ratio of 22.57, a P/E/G ratio of 1.82 and a beta of 1.45. The business has a fifty day simple moving average of $265.25 and a 200-day simple moving average of $236.23. WESCO International has a fifty-two week low of $125.21 and a fifty-two week high of $291.01.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, October 30th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.75 by $0.17. The business had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $5.91 billion. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.WESCO International’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.58 earnings per share. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. As a group, equities analysts predict that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.4538 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.82 dividend on an annualized basis and a yield of 0.6%. WESCO International’s dividend payout ratio is presently 14.20%.

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.