Dirk Waugh Naylor Sells 3,953 Shares of WESCO International (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) EVP Dirk Waugh Naylor sold 3,953 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $351.10, for a total transaction of $1,387,898.30. Following the sale, the executive vice president owned 8,956 shares of the company’s stock, valued at approximately $3,144,451.60. The trade was a 30.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

WESCO International Trading Down 3.4%

WESCO International stock traded down $12.32 during midday trading on Thursday, hitting $350.80. 728,962 shares of the stock were exchanged, compared to its average volume of 599,470. WESCO International, Inc. has a fifty-two week low of $160.14 and a fifty-two week high of $368.90. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 2.23 and a beta of 1.54. The stock’s 50-day simple moving average is $289.81 and its 200 day simple moving average is $274.72. The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The business had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same period last year, the business earned $2.21 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, equities analysts anticipate that WESCO International, Inc. will post 15.7 EPS for the current year.

WESCO International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were given a dividend of $0.50 per share. This is a boost from WESCO International’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, March 13th. WESCO International’s dividend payout ratio (DPR) is 14.21%.

Institutional Trading of WESCO International

Several institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. lifted its position in shares of WESCO International by 2.4% during the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock worth $606,000 after buying an additional 51 shares during the last quarter. Bank of New York Mellon Corp raised its position in WESCO International by 10.3% in the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after purchasing an additional 84,905 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in WESCO International by 3.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 14,878 shares of the technology company’s stock valued at $4,071,000 after purchasing an additional 500 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new stake in WESCO International in the 1st quarter valued at $61,000. Finally, DGS Capital Management LLC purchased a new stake in WESCO International in the 1st quarter valued at $225,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays boosted their price target on shares of WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a report on Monday. Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Royal Bank Of Canada boosted their price target on shares of WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, KeyCorp boosted their price target on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $321.38.

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.