Insider Selling: WESCO International (NYSE:WCC) CFO Sells 31,951 Shares of Stock

WESCO International, Inc. (NYSE:WCC) CFO David Schulz sold 31,951 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total value of $11,516,418.44. Following the completion of the transaction, the chief financial officer owned 77,038 shares of the company’s stock, valued at $27,767,576.72. The trade was a 29.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

WESCO International Stock Down 3.4%

Shares of NYSE WCC traded down $12.32 during mid-day trading on Thursday, hitting $350.80. The company had a trading volume of 728,962 shares, compared to its average volume of 599,470. The company has a market capitalization of $17.07 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.23 and a beta of 1.54. The firm has a 50-day simple moving average of $289.81 and a two-hundred day simple moving average of $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, Inc. has a one year low of $160.14 and a one year high of $368.90.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The firm had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same period last year, the business posted $2.21 earnings per share. The business’s revenue for the quarter 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 analysts expect that WESCO International, Inc. will post 15.7 EPS for the current year.

WESCO International Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Stephens boosted their price target on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday. Barclays boosted their price target on WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a report on Monday. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, KeyCorp boosted 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. One investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $321.38.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bessemer Group Inc. lifted its stake in shares of WESCO International by 2.4% in the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock valued at $606,000 after acquiring an additional 51 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 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 acquiring an additional 84,905 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in WESCO International by 3.5% in the first 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 period. Cedar Mountain Advisors LLC acquired a new stake in WESCO International in the first quarter valued at $61,000. Finally, DGS Capital Management LLC acquired a new stake in WESCO International in the first quarter valued at $225,000. 93.75% of the stock is currently owned by institutional investors.

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.